Lexington, Virginia

Population

Growing. Up 6.2% since 2020.

7,769

people, the 50th-largest of Virginia's cities and towns.

Census Population Estimates, 2025. Rank among Virginia's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

8 in 10 jobs here go to people who live somewhere else.

82.9%

of 6,124 jobs located in Lexington are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is up 58% since the 2005–2009 survey, before inflation.

$1,081

a month. Virginia's median is $1,579.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent sits inside what local wages can carry.

$755–$1,133

is the monthly rent range local workforce wages support.

• $1,081 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 6 homes permitted, 2022–2025
• 0% of those were in multifamily buildings
• 97% of all homes were built before 2000

Census Building Permits Survey, 2022–2025; Census ACS 5-year, 2020-2024. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

Closing the gap would add 1–2% to the 2,808 homes here.

15–61

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 28% less than Virginia's.

$275,200

median home value in Lexington.

• $275,200 Lexington
• $383,700 Virginia
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year