Rent-to-Own Homes in Lexington, NC: What You Need to Know
Lexington, North Carolina is an excellent city with a lot of heart. The cost of living is low, making it accessible to younger generations interested in settling down and starting families. The weather here offers a full four seasons, and there is much to do.
Cost of Living
Lexington is an affordable city for anyone looking to rent to own in North Carolina. It’s 12% less expensive to live here when compared to the national average. Utilities are 11% cheaper. Housing and housing expenses are 23% less expensive. The median home price is $267,190. 63% of all households here are owner-occupied. The average rent is $840 per month for a 945 square-foot apartment. One-bedroom apartments are just $595 per month, while two-bedrooms are around $685 per month.
Weather and Climate
Lexington residents enjoy a humid, subtropical climate meaning the summers here are hot and wet, while winters are quick and ice-cold. The coldest month here is January, with temperatures usually bottoming out at 29°F. July is the warmest month when temperatures peak around 90°F. It rains nearly 110 days, with an average of 45” annually; it only snows about 7” each year.
Things to Do in Town
There are some beautiful sights here in Lexington. High Rock Lake is a stunning stretch of 15,000 acres of water, housing bass, crappie, striper, beam, and catfish. Those visiting can boat, fish, or picnic on the shores. The Childress Vineyards is located right in Lexington and is one of the major wineries in the entire state. The beautiful land and the tastings are to die for.
Lexington has a long rival with Eastern regarding the best way to barbecue. Lexington Style barbecue cooks the shoulder over hickory coals and uses a thick, sweet sauce for flavor. Lexington Barbecue, or Lexington no. 1, is said to have the best of this style. For a quiet, romantic touch, Winer Sellars Wine Shop and Bistro is the place to go. A delicious meal paired with a perfectly paired wine will make your night.
Know Your Neighborhoods
Wallburg is home to 3,000. The residents enjoy a quiet, rural environment. The median home value is $161,400 and nearly all residents own their homes. The median rent is $875.
Home to nearly 5,000, Midway is a quiet, rural suburb. Many young professionals and retirees have settled here. The median home value is $152,000 and the majority of residents own their homes. The median rent is $630.
Welcome is home to 4,000 residents. These residents enjoy a blend of suburban and rural environments as well as top-rated public schools. The median home value is $135,700 and the majority of people here own their home. The median rent is $638.