Lexington County, South Carolina Housing Market Prices
Lexington County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 9% above the South Carolina median More expensive than 73% of counties in South Carolina$260,113
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Median rent About the same as the South Carolina median More expensive than 78% of counties in South Carolina$1,177
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lexington County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,113 | $239,609 | $248,835 |
| Price Trend (Annual %) | 10.6% | 8.9% | 7.5% |
| Median Gross Rent | $1,177 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lexington County is about 9% higher than in South Carolina. Rent follows a similar pattern, running close to the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lexington County, up about 10.6% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Lexington County rose about 40.7% between 2015 and 2024, from $837 to $1,177. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Lexington County.
Buying the median-priced home in Lexington County costs roughly 18.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lexington County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Lexington County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,113 | $239,609 | $248,835 |
| Median Household Income | $77,064 | $69,383 | $80,455 |
| Price-to-Income Ratio | 3.4 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lexington County rose about 108.1%, while median household income rose about 42.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lexington County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.0% | 62.3% | 58.5% |
| Rental Rate | 20.8% | 24.4% | 31.2% |
| Vacancy Rate | 8.2% | 13.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Lexington County has a homeownership rate of 71.0%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 8.2%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Lexington County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1991 | 1990 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Lexington County was built around 1991. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Lexington County, SC Housing Compared With Nearby Counties
Lexington County, SC is the 2nd largest of the 4 counties compared here, 304,957 residents against a local median of 174,097. Where Lexington County, SC breaks from the counties next to it is median home price, sitting 16% above the local median of $224,444 at $260,113.
The counties themselves spread $178,618 on median home price, so Lexington County, SC sits at one end of an already wide local range rather than apart from it. Lexington County, SC has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lexington County, SC | 304,957 | $260,113 #2/4 | $1,177 #2/4 | 77.4% #1/4 |
| Richland County, SC | 422,111 | $184,903 | $1,227 | 60.3% |
| Newberry County, SC | 38,435 | $224,444 | $871 | 73.1% |
| Aiken County, SC | 174,097 | $363,520 | $1,062 | 76.5% |
Frequently Asked Questions
Common questions about the housing market in Lexington County, South Carolina.
What is the median home price in Lexington County, South Carolina?
The median home price in Lexington County, South Carolina is $260,113, higher than the South Carolina average of $239,609.
What is the average home price in Lexington County, South Carolina?
The typical home price in Lexington County, South Carolina, reported as the median sale price, is $260,113. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lexington County, South Carolina?
The median gross rent in Lexington County, South Carolina is $1,177 per month, about the same as the South Carolina average.
What was the median gross rent in Lexington County in 2020?
In 2020, the median gross rent in Lexington County, South Carolina was $921 per month.
What is the price-to-rent ratio in Lexington County, South Carolina?
The price-to-rent ratio in Lexington County, South Carolina is about 18.4, meaning it would take roughly 18.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lexington County.
Are home prices or rent rising faster in Lexington County, South Carolina?
Both home prices and rent are rising in Lexington County, up about 10.6% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lexington County, South Carolina?
71.0% of households in Lexington County, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in Lexington County, South Carolina?
The housing vacancy rate in Lexington County, South Carolina is 8.2%, lower than the South Carolina average of 13.3%.
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