Your Lexington, NC Real Estate Questions Answered

Lexington, North Carolina, is known as “The Barbecue Capital of the World,” but there’s more than fine smoked meats here. This historic area is a great place if you’re looking for small-town style living but still want access to good shopping, education opportunities, and employment prospects.

As a prospective homebuyer looking to purchase a home in Lexington, you may have many questions about the real estate market in this region. Whether you’re curious about average home prices, available condo or townhome listings, or other factors affecting your decision to buy, here are some answers to the most common questions about buying real estate in Lexington.

What is the average price of a home in Lexington, NC?

The median home price in Lexington was around $275,000 in March 2022. There were 406 existing and new construction homes for sale, ranging from $69,000 to $1.35 million in the greater Lexington area. Many homes in Lexington offer a variety of floor plans and features to choose from.

The most affordable home was a mobile home on 0.45 acres with three bedrooms and one bathroom. The highest-priced home was a custom-built estate on ten acres with three bedrooms and 3.5-bathrooms, a pecan orchard, and several outbuildings.

Are there any condos or townhomes available in Lexington, NC? 

There are a limited number of condos and townhomes available in Lexington, but they are typically priced on the higher end. Recent sale prices starting the prior six months from April 2022 ranged from $182,500-$425,000. Some of these listings were waterfront.

What is the property tax rate for Lexington, NC?

The property tax rate in Lexington is $0.65 per $100 of property valuation in 2021-2022. This rate is based on the appraised value of your home and does not take into account any exemptions or discounts that may apply.

This, combined with the city’s relatively low cost of living, makes Lexington an attractive option for retirees or families looking to relocate to a more affordable area.

There is an Uptown Special Tax District rate of $.20 per $100 valuation. Davidson County property taxes were $0.54 per $100 valuation, while Lexington City Schools property taxes were at a rate of $.12 per $100 valuation.

The Davidson County Tax Office bills and collects all property taxes.

What county is Lexington, NC in?

Lexington is the county seat for Davidson County, the home of many beautiful lakes and state parks in the Piedmont region. For example, High Rock Lake is the second largest recreational lake in the state, and it’s part of Davidson County.

Davidson sits in the heart of the state’s manufacturing region. Top employers include Atrium Windows and Doors, Old Dominion Freight, and Mohawk. It has a lower cost of living compared to the state and national averages. I-85 runs through the county and connects it to major cities like Charlotte and Raleigh. Five municipalities are recognized in Davidson County, and it is predominantly an agricultural region.

NASCAR is another claim to fame in the region. Davidson County is home to Richard Childress Racing (RCR), founded in 1969. RCR racing has accumulated 17 Championships and over 200 NASCAR victories. The RCR racing campus includes 17 facilities and over 500 team members.

Is Lexington, NC growing?

Lexington grew slowly in the decade from 2010-2020 adding just over 500 new residents. It has a population per square mile of 18 persons. Davidson County grew by 1% in the same time frame, so growth here has been measured and steady.

The city’s proximity to Charlotte, which is less than an hour away, and its affordability are two main factors that will contribute to future growth.

What neighborhoods are in Lexington, NC?

Many communities are conveniently located near I-85, I-40, and I-73, making it simple to go from the city to other central North Carolina cities and towns.

These communities offer a variety of home styles and prices to fit any budget.

Uptown has newly designed apartments, while other historic complexes are undergoing or scheduled to undergo renovation in the coming years. For example, the Parkview Apartments, a former teacher’s dorm dating to the 1900s, will be upgraded into modern apartments.

Park Place is a historic neighborhood near downtown Lexington. The city’s oldest neighborhood is part of the National Register of Historic Places.

The Vineyards at Lexington has modern housing near Childress Vineyards, a 70-plus acre award-winning estate. This bicycle-friendly neighborhood has amenities, including a community swimming pool, and sidewalks, with a mixture of single-family homes and townhomes. 

In an open setting with ample nicely landscaped yards, the Lexington Municipal Golf Course is surrounded by the Country Club neighborhood, which offers everything of value. Nearby are a swimming pool and the elegantly restored Commons on the Green event center, making it a perfect place for social gatherings.

Some new construction options include Boone’s Village, Union Pointe, and Glenoaks, both with single-family home construction and vacant land.

Are there any waterfront properties found in Lexington, NC? 

Lexington is an inland city where the waterfront is restricted to creeks, runs, and small ponds. However, nearby is High Rock Lake, fed by the Yadkin and Lower Abbotts Creek. In the greater Lexington area, you can find lakefront homes with stunning views and access to High Rock Lake. Lexington could be 10-20 minutes away depending on where you live.

How is golf in Lexington, NC?

Golfers will be happy to know that Lexington is home to several golf courses. There are many championship-level courses located in and around the city.

Lexington Golf Club, a public course, is located within the city limits. Originally built in 1938, the 2004 renovations ranked it in the Top 5 Renovated Courses in the US by Golf Inc.

Sapona Golf, Swim, and Tennis Club is a semi-private course owned by its investors with some amenities reserved for members. The 18-hole golf course is Par 71.

Are there golf course communities in Lexington, NC? 

Sapona Golf, Swim, and Tennis Club includes a community around the course. Membership is available to the country club. The neighborhood HOA is optional.

What areas are near Lexington, NC?

Lexington is just outside the North Carolina Triad, which includes Winston-Salem, Greensboro, High Point, and Raleigh. It’s also nearly the same distance from the Charlotte metropolitan area, making it easy to reach a wide array of urban amenities when you want them.

Northeast on I-85 is Thomasville, home to several furniture stores and a large outlet mall. Thomasville is the second-largest city in Davidson County.

To the southwest is Salisbury. Hiking and camping are popular activities at Chimney Rock State Park and Pilot Mountain State Park, both just an hour away.

High Point is about 30 minutes away and is the “Furniture Capital of the World,” with over 100 furniture stores and outlets nearby. It has a flourishing food scene and a minor league baseball team.

You can make a day trip to visit the Greensboro Science Center, the Greensboro Coliseum, and Wet’ n Wild Emerald Pointe water park in Greensboro, one of the state’s largest cities. More dining and shopping options are available.

Directly north on I-285 awaits Winston-Salem. Popular attractions include historic Old Salem, the Reynolda House Museum of American Art, and Wake Forest University.

Continue south on I-85, and you’ll run into the Charlotte metro. The Charlotte Motor Speedway, US National Whitewater Center, and Carowinds Amusement park are all within the city limits.

High Rock Lake is just a short drive from Lexington and is a popular place for fishing, water sports, boating, and more. It’s the second-largest recreational lake in the state.

What to know about living in Lexington, NC

Overall, Lexington is a great place to live. The cost of living is relatively low, there are plenty of things to do in the area, and the city is situated close to both Charlotte and the mountains. Lexington should definitely be at the top of your list if you’re looking for an affordable place to call home that offers a good quality of life.

If you’re interested in learning more about the real estate market in Lexington, or if you have specific questions about buying property in this region, contact a local real estate agent today. They can help guide you through every step of your home-buying journey and provide valuable insight into what it’s like to live in Lexington, North Carolina.