Real Estate Investing in Lexington, North Carolina (27292)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27292 (Lexington, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.1% of homes vacant — above national norms.
What’s happening in Lexington, NC (27292)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27292 Lexington
ZIP 27292 inside Davidson County looks affordable on the surface — median value of $254K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 27292 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NC, ZIP 27292 trails on several market indicators that neighboring Davidson County submarkets outperform. The gap is real and solid enough to shape underwriting.
Put differently, 40,369 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 27292 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lexington:
Property Strategy for 27292
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $171,600 | $960 | 4.0% | +9.6% | $171,600 |
| 2BR | $170,894 | $1,050 | 4.4% | +10.0% | $85,447 |
| 3BR | $249,313 | $1,440 | 4.2% | +9.0% | $83,104 |
| 4BR | $337,992 | $1,740 | 3.7% | +8.0% | $84,498 |
| 5BR | $389,688 | — | — | +8.0% | $77,938 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27292 Compare?
| Metric | 27292 | Lexington | Winston-Salem, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $253,507 | $273,295 | N/A | $330,565 |
| 5-Year CAGR | 6.9% | 6.8% | N/A | 7.8% |
| Avg Rent | $1,333 | $1,674 | N/A | - |
| Cap Rate | 4.1% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27292 (Lexington, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,507 |
| Monthly Rent | $1,333 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27292
Population: 40,369
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 27292
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,793 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Lexington, NC?
Lexington, NC home values average about $254K. That price point suits investors targeting rentals with $1,333/mo in monthly income.
What is the tenant pool like in Lexington, NC?
The tenant pool in Lexington, NC is solid, supported by local employment and population fundamentals. Rents of $1,333/mo are well-absorbed by the market.
Does Lexington, NC favor landlords or tenants?
Rental owners in Lexington, NC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How tight is the rental market in Lexington, NC?
Vacancy risk in Lexington, NC is elevated. That supports measured cash flow for typical rental holds.
Can I live-in-and-rent in Lexington, NC?
House hacking in Lexington, NC is a challenging. With home values around $254K and rents at $1,333/mo, owner-occupants can offset a meaningful share of PITI.
You know 27292 now. You don’t know where it ranks.
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How 27292 ranks in Winston-Salem, NC
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