Foreclosure Homes in Lexington, MN

Current Market Conditions in Lexington, MN

The real estate market in Lexington, MN has been experiencing steady growth, with an increasing demand for single-family homes. Despite the overall trend of rising home prices, the area remains affordable compared to nearby urban centers, making it an attractive option for first-time homebuyers and families.

The market in Lexington is characterized by competitive bidding and a low inventory of available homes. This has resulted in prices slightly rising as buyers compete for limited options, especially for properties that are well-maintained and located in desirable neighborhoods.

Rent Prices In Lexington, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lexington, MN, is on a rollercoaster ride. The average rent price in Lexington, MN, is $1,700.00. Indeed, when looking to rent in Lexington, MN, you can expect to pay as little as $1,540.00 or as much as $2,080.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Lexington, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.