Lexington, MN Foreclosures
How much do homes sell for in Lexington, MN?
The average home price is currently $315,021.
What’s the average rental cost in Lexington, MN?
The average rental price in Lexington is $1,700.
What is the most expensive home in Lexington?
The most expensive home sold in Lexington had a price of $1,469,910.
What is currently the cheapest priced home in Lexington, MN?
The cheapest home for sale in Lexington is priced at $191,300.
Living in Lexington, MN
Lexington, MN, is a picturesque suburban community known for its family-oriented lifestyle and safe environment. It offers a variety of local amenities, including parks, schools, and shopping options, all within close proximity to the Minneapolis metropolitan area, making it an ideal place for families and professionals alike.
Current Market Conditions in Lexington, MN
The real estate market in Lexington, MN, is currently experiencing solid growth, with an increasing demand for single-family homes. The town's proximity to Minneapolis adds to its attractiveness for buyers looking for a suburban lifestyle without sacrificing access to urban amenities.
Homes in Lexington often sell quickly, reflecting a competitive market. As the population continues to grow, driven by families and commuters, the housing supply is tightening, which may lead to further price increases in the coming months.
Home Value Estimator For Lexington, MN
There are currently 112 real estate properties
in Lexington, MN,
with a median automated valuation model (AVM) price
of $288,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lexington, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lexington, MN,
is $315,021.00, with the most expensive house
in Lexington, MN, topping out
at $1,469,910.00 and the cheapest home
in Lexington, MN,
clocking in at $191,300.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lexington, MN!
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.
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