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Preforeclosure Homes in Lexington, TN

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View this home at Adkins Ln Lexington TN 38351
Preforeclosure
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Adkins Ln
Lexington, TN 38351
AUCTION: 03-28-2024
View this home at Oak Grove Rd Lexington TN 38351
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$84,552 EMV
Oak Grove Rd
Lexington, TN 38351
Single-Family
1
|
768
EST. RENT: $840
|
AUCTION: 03-20-2024
Single-Family
1
|
768
View this home at S Broad St Lexington TN 38351
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$167,168 EMV
S Broad St
Lexington, TN 38351
Single-Family
1
|
3,113
EST. RENT: $1,220
|
AUCTION: 04-23-2024
Single-Family
1
|
3,113
View this home at Highway 412 E Lexington TN 38351
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$135,895 EMV
Highway 412 E
Lexington, TN 38351
Single-Family
1
|
1,770
EST. RENT: $1,220
|
AUCTION: 04-23-2024
Single-Family
1
|
1,770
View this home at Buttonwood Dr Lexington TN 38351
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$228,636 EMV
Buttonwood Dr
Lexington, TN 38351
Single-Family
2
|
1,477
EST. RENT: $1,220
|
AUCTION: 03-26-2024
Single-Family
2
|
1,477
Displaying 1 - 6 of 6
 
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Home Value Estimator For Lexington, TN

There are currently 7,290 real estate properties in Lexington, TN, with a median automated valuation model (AVM) price of $151,970.00. 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, TN, 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, TN, is $190,329.00, with the most expensive house in Lexington, TN, topping out at $3,362,994.00 and the cheapest home in Lexington, TN, clocking in at $5,993.00. In other words, there’s something for every potential homebuyer or savvy investor in Lexington, TN!


Rent Prices In Lexington, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lexington, TN, is on a rollercoaster ride. The average rent price in Lexington, TN, is $1,059.00. Indeed, when looking to rent in Lexington, TN, you can expect to pay as little as $510.00 or as much as $2,720.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Lexington, TN -- 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.


Top Reasons To Live In Lexington, TN In 2024

Lexington is located in Henderson, Tennessee, with an estimated municipal population of 7,889 residents. All of the best foreclosed homes for sale in Lexington are located in the following zip code areas on Foreclosure.com: 38351. The estimated population per square kilometer (.62 miles) in Lexington is 260.


Cost Of Living In Lexington, TN

So, about how much do homes cost in Lexington? The most recent median value of resident-owned homes in Lexington is 115,334. An estimated 54 percent of households in Lexington own their homes, with an average family size of 3.05. The median household income in Lexington is 34,567, with14.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lexington, the median commute time of resident workers (in minutes) is 25.1. And last, but certainly not least, are you looking for homes to rent in Lexington? If so, the average rent price paid by renters in Lexington is 636, according to recent statistics.


Diversity And Demographics In Lexington, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lexington, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lexington is 39.3, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Lexington is 46.1, with an average family size of 3.05.

The percentage of residents who report their race in Lexington is as follows:

White 80.7%
Black / African American 16.8%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.3%
Multi-racial 1.9%
Other 0%

Looking for family-friendly neighborhoods in and/or near Lexington? Or maybe you are searching for 55+ active adult communities in and/or near Lexington?

The percentage of residents who report their age in Lexington is as follows:

Under 10 16.6%
Aged 10-19 8.8%
20s 13.3%
30s 12.8%
40s 13.1%
50s 10.9%
60s 13.8%
70s 6.9%
80+ 3.7%

Best Schools In Lexington, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lexington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lexington.


Pros And Cons Of Living In Lexington, Tennessee

How do you know that living in -- or moving to -- Lexington is right where you need to be? Perhaps you grew up in Lexington or already live nearby; therefore, the decision to buy a home in Lexington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lexington for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lexington:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lexington.


Reasons To Move To Lexington, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lexington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lexington, meanwhile, can field multiple offers from more qualified buyers.

Lexington, TN Preforeclosure Homes


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