Lexington Real Estate
63 active listings · 105 sold in the past 12mo
$265,000
Median List Price
105
Sold (past 12mo)
91
Avg Days on Market
+15.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(63)
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For Sale
1/47
$1,890,000
3455 LAKESHORE Road, Lexington, MI 48450
2 bd2 ba13 ac
Single Family
For Sale
1/99
$1,550,000
6655 Lakeshore Road, Lexington, MI 48450
3 bd2 ba6.02 ac
Single Family
For Sale
1/47
$1,450,000
3455 (b) Lakeshore Road, Lexington, MI 48450
2 bd2 ba8 ac
Single Family
For Sale
1/44
$925,000
7226 Lakeview Drive, Lexington, MI 48450
5 bd5 ba2,000 sqft0.52 ac
Single Family
For Sale
1/76
$749,900
8941 & 8943 Lakeshore Road, Lexington, MI 48450
2 bd2 ba1.80 ac
Single Family
For Sale
1/88
$724,000
3905 Lakeshore Road, Lexington, MI 48450
6 bd3 ba0.97 ac
Single Family
For Sale
1/48
$699,900
7745 Lakeview Drive, Lexington, MI 48450
4 bd2 ba1,700 sqft0.22 ac
Single Family
For Sale
1/73
$650,000
4055 Lakeshore Road, Lexington, MI 48450
5 bd2 ba0.96 ac
Single Family
For Sale
1/20
$642,000
5857 Lakeshore Road, Lexington, MI 48450
2 bd2 ba1.79 ac
Single Family
For Sale
1/72
$634,900
7338 Huron # 28 Street, Lexington, MI 48450
3 bd3 ba
Condo
Under Contract
1/56
$594,900
7378 Birch Tree Road, Lexington, MI 48450
3 bd3 ba0.37 ac
Single Family
For Sale
1/59
$546,900
6997 Lakeshore Road, Lexington, MI 48450
4 bd2 ba1,612 sqft0.37 ac
Single Family
For Sale
1/54
$514,900
8723 Lakeshore Road, Lexington, MI 48450
3 bd2 ba0.69 ac
Single Family
For Sale
1/21
$485,000
5774 Main Street Street, Lexington, MI 48450
5 bd5 ba4,653 sqft1.91 ac
Single Family
For Sale
1/45
$479,000
7127 Lake Street, Lexington, MI 48450
5 bd3 ba0.51 ac
Single Family
For Sale
1/69
$469,900
4358 Lakeshore Road, Lexington, MI 48450
4 bd4 ba7 ac
Single Family
For Sale
1/29
$439,000
5454 N Main Street, Lexington, MI 48450
4 bd1 ba0.26 ac
Single Family
For Sale
1/59
$429,900
7142 Aitken Road, Lexington, MI 48450
3 bd2 ba1.06 ac
Single Family
For Sale
1/34
$389,000
5679 Governor Sleeper Court, Lexington, MI 48450
3 bd2 ba0.25 ac
Single Family
For Sale
1/50
$349,900
5522 Union Street, Lexington, MI 48450
4 bd2 ba0.29 ac
Single Family
For Sale
1/46
$347,000
7197 Hubbard Street, Lexington, MI 48450
6 bd3 ba0.50 ac
Single Family
For Sale
1/45
$339,900
7400 Woodbine Road, Lexington, MI 48450
3 bd2 ba0.38 ac
Single Family
For Sale
1/66
$329,900
7672 Schroeder Road, Lexington, MI 48450
4 bd2 ba0.46 ac
Single Family
For Sale
1/39
$319,900
7048 Sylvia Drive, Lexington, MI 48450
3 bd2 ba0.31 ac
Single Family
Recently Sold(105)
Frequently Asked Questions about Lexington
Are there homes available in Lexington right now?
Lexington currently has 63 homes listed for sale. The median asking price is $265,000.
How much do homes cost in Lexington?
Homes in Lexington sell for a median of $265,000, drawn from 105 transactions over the past year.
How long do homes stay on the market in Lexington?
The average days on market in Lexington is 91, based on 105 recent transactions.
What schools are in Lexington?
Lexington is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Lexington may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Lexington?
With 7.2 months of inventory, Lexington is currently a buyer's market. This is based on 63 active listings and 105 sales in the past 12 months.
What are property taxes like in Lexington?
Michigan property taxes in Lexington are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What does demographic data show about housing demand in Lexington?
Per U.S. Census ACS data, Lexington has a +15.5% Household Formation Gap over the past 15 years. Average household size decreased from 1.93 to 1.62, creating demand for approximately 93 additional housing units even as population declined 3.0%. HFG is a secondary market indicator — it reflects demographic trends, not a primary measure like income-based affordability.