29072, Lexington, SC

The 29072 zip code of Lexington, SC is located in the northwestern part of the state and has a population of about 36,000. The median household income in this zip code is $60,000, which is lower than the statewide median household income of $67,500. The percentage of households that are renter-occupied is higher than the statewide percentage of renter-occupied households at about 54%. About two-thirds (64%) of homes in this zip code are owner-occupied.

Home prices in Lexington have been increasing over the past few years. In January 2017, the median home price was $163,500 and has increased by about 10% since then. This increase has been particularly pronounced in neighborhoods near downtown Lexington where prices have increased by more than 20%. Despite these increases, however, home prices remain below their peak levels from before the recession. In 2007, the median home price was $183,500 and has since decreased by about 25%.

There are a number of factors that may be contributing to this increase in home prices in Lexington. First and foremost is likely an increase in demand for housing due to an influx of new residents and businesses into the area. Additionally, there has been an increase in construction activity within Lexington which may also be contributing to rising home prices. Finally, low interest rates may also be fueling this trend as buyers can afford to purchase more expensive homes without having to pay high interest rates on their loans.