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
Compare with nearby places
Places of similar size in Michigan.
- Grant city 1,146
- Stevensville village 1,126
- Dryden village 1,125
- Marcellus village 1,113
- Memphis city 1,107
- Pigeon village 1,093
- Farwell village 1,086
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