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Lexington town, TX

ZIP 78947 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 78947

Median Home Value
$276,900
Median Rent
$832
Affordability Snapshot
$76,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,779/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 78947 in Lexington town, TX, a household would need roughly $76,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,779. That is roughly in line with the local median household income ($81,371). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.4%+21% vs US avg
x
Vacancy Rate
12.6%+22% vs US avg
x
Broadband Access
89.3%+3% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
34.4%-31% vs US avg
x
Mortgage-Free
48.6%+27% vs US avg
x
$276,900
Home Value
$832
Rent
1996
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.2%
  • 1-unit attached1.6%
  • 2-9 units7.2%
  • 10+ units0.2%
  • Mobile home & other21.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$276,900
Median rent$832
Owner-occupied79.4%
Vacant12.6%
Price-to-income3.4x
Est. income to buy$76,000