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ZipNumbers

Michigan · Census place 47280

Lexington village, MI

Quick answer

Lexington village has 1,119 residents, ranking #418 of 745 places in Michigan. Median household income is $49,091, the median home is worth $191,000 and median gross rent runs $643 a month.

Population
1,119Lexington village residents
Median household income
$49,091Past 12 months, inflation adjusted
Median home value
$191,000Owner-occupied units
Median gross rent
$643Rent plus utilities, monthly
Median age
62.6 yrsAll residents
Homeownership rate
68%Owner-occupied households

What the numbers mean in Lexington village

Housing cost measured against local earnings.

A household earning the Lexington village median would spend about 15.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.6% of residents and 68% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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