Lexington City County

A local view of the market.

The real estate market in Lexington City, Virginia, has seen a significant increase in home values over the past year. As of October 2024, the median list price for homes in Lexington is $455,000, reflecting a 10.4% rise from the previous year. The median price per square foot stands at $184, indicating a robust market with rising property values. Lexington City is a small independent city in Virginia, and while it is not divided into multiple cities, it serves as a central hub for the surrounding Rockbridge County. The city itself has a population of approximately 7,000 residents, providing a close-knit community atmosphere. It is known for its historical significance and educational institutions, including Washington and Lee University and the Virginia Military Institute. Living in Lexington City offers a blend of rural and suburban lifestyles. The area is characterized by its scenic landscapes, with opportunities for agriculture and farming, yet it also provides suburban conveniences. The local economy is supported by education, tourism, and healthcare industries, attracting individuals seeking a quieter lifestyle with access to cultural and educational amenities. People may be drawn to Lexington for its rich history, educational opportunities, and the appeal of a small-town environment with a strong sense of community.