Housing in Lexington, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$221,101
Lexington vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lexington is highlighted.
Median Home Value
54th%ilemost expensive$191,000show rank
Median Rent
11th%ilemost expensive rent$643show rank
Rent Burden
29th%ilehighest rent burden15.7%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$191,000
Median Rent
$643
Total Housing Units
1,026
Vacancy Rate
32.8%
Owner Occupied
68.0%
Renter Occupied
32.0%
Median Property Tax
$1,962
per year
Monthly Cost (w/ Mortgage)
$734
Housing Types
Single Family53.7%
Multi-Family18.1%
Mobile Home28.2%
The median home value in Lexington, MI is $191,000. According to Zillow, the home value index for Lexington is $221,101. The median rent is $643 per month (Census ACS). About 68.0% of housing units are owner-occupied. The median year homes were built is 1980. There are 1,026 total housing units.