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Foreclosure Homes in Lexington Park, MD

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4 View this home at Manon Way Lexington Park MD 20653
Preforeclosure
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$209,121 EMV
Manon Way
Lexington Park, MD 20653
Single-Family
2.5
|
1,266
EST. RENT: $1,640
|
AUCTION: 04-16-2024
Single-Family
2.5
|
1,266
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Lexington Park, MD Foreclosures

How much do homes sell for in Lexington Park, MD?
The average home price is currently $353,072.
In Lexington Park, MD, how many homes are available?
There are currently 6,674 active home listings available in Lexington Park.
What’s the average rental cost in Lexington Park, MD?
The average rental price in Lexington Park is $1,818.
What is the most expensive home in Lexington Park, Maryland?
The most expensive home sold in Lexington Park had a price of $5,769,300.
What is currently the cheapest priced home in Lexington Park, MD?
The cheapest home for sale in Lexington Park is priced at $14,770.

Home Value Estimator For Lexington Park, MD

There are currently 6,674 real estate properties in Lexington Park, MD, with a median automated valuation model (AVM) price of $343,609.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lexington Park, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lexington Park, MD, is $353,072.00, with the most expensive house in Lexington Park, MD, topping out at $5,769,300.00 and the cheapest home in Lexington Park, MD, clocking in at $14,770.00. In other words, there’s something for every potential homebuyer or savvy investor in Lexington Park, MD!


Rent Prices In Lexington Park, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lexington Park, MD, is on a rollercoaster ride. The average rent price in Lexington Park, MD, is $1,818.00. Indeed, when looking to rent in Lexington Park, MD, you can expect to pay as little as $860.00 or as much as $5,360.00, with the average rent median estimated to be $1,830.00. The good news is that finding an affordable and desirable property to rent in Lexington Park, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Lexington Park, MD In 2024

Lexington Park is located in St. Mary's, Maryland, with an estimated municipal population of 11,082 residents. All of the best foreclosed homes for sale in Lexington Park are located in the following zip code areas on Foreclosure.com: 20653. The estimated population per square kilometer (.62 miles) in Lexington Park is 761.


Cost Of Living In Lexington Park, MD

So, about how much do homes cost in Lexington Park? The most recent median value of resident-owned homes in Lexington Park is 203,778. An estimated 37.8 percent of households in Lexington Park own their homes, with an average family size of 3.25. The median household income in Lexington Park is 74,598, with36.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lexington Park, the median commute time of resident workers (in minutes) is 28.7. And last, but certainly not least, are you looking for homes to rent in Lexington Park? If so, the average rent price paid by renters in Lexington Park is 1,528, according to recent statistics.


Diversity And Demographics In Lexington Park, Maryland

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lexington Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lexington Park is 32.1, split between 49 percent male versus 51 female. The percentage of residents who report being married in Lexington Park is 36.9, with an average family size of 3.25.

The percentage of residents who report their race in Lexington Park is as follows:

White 52.6%
Black / African American 35.5%
Asian 5%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.6%
Other 3.2%

Looking for family-friendly neighborhoods in and/or near Lexington Park? Or maybe you are searching for 55+ active adult communities in and/or near Lexington Park?

The percentage of residents who report their age in Lexington Park is as follows:

Under 10 13.9%
Aged 10-19 11.4%
20s 20.6%
30s 20.5%
40s 10%
50s 12.8%
60s 6.5%
70s 2.5%
80+ 1.9%

Best Schools In Lexington Park, Maryland

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lexington Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lexington Park.


Pros And Cons Of Living In Lexington Park, Maryland

How do you know that living in -- or moving to -- Lexington Park is right where you need to be? Perhaps you grew up in Lexington Park or already live nearby; therefore, the decision to buy a home in Lexington Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lexington Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lexington Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lexington Park.


Reasons To Move To Lexington Park, Maryland, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lexington Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lexington Park, meanwhile, can field multiple offers from more qualified buyers.

Lexington Park, MD Foreclosures


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