Market Overview
Home Prices in Lexington, VA
The median home value in Lexington, VA is $372,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lexington are priced9% below average.
Over the past five years, Lexington home values have risen by approximately23.4%, reflecting strong long-term appreciation in this market.
Price History
Lexington Home Price Trend
2020
$256,891
$257K
—
2021
$302,029
$302K
+17.6%
2022
$329,865
$330K
+9.2%
2023
$324,821
$325K
-1.5%
2024
$344,047
$344K
+5.9%
2025
$357,558
$358K
+3.9%
2026
$372,594
$373K
+4.2%
City Comparison
Lexington vs. National Median
🏠 Lexington
$372,594
National Median
$410,000
At $372,594, homes in Lexington cost 9% below the national median of $410,000. This makes Lexington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lexington?
20% Down Payment
$74,519
on $372,594
Monthly P&I
$1,943/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,468/mo
incl. taxes & insurance
Income Needed
$98,720
gross annual (30% rule)
10% Down Option
$37,259
+ PMI applies
Loan Amount (20% dn)
$298,075
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lexington, VA?
The median home value in Lexington is $372,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Lexington?
Over the past year, home values in Lexington have increased by 4.2%. Over five years, prices have risen approximately 23.4%.
How much do I need to earn to buy a home in Lexington?
To comfortably afford the median home price of $372,594 with a 20% down payment ($74,519) at today's rates (6.8%), you'd need a gross annual income of approximately $98,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Lexington compare to the national average home price?
The national median home value is approximately $410,000. At $372,594, homes in Lexington are 9% below the national average.