ZIP Code Market Report
38351 — Lexington, TN
Data through February 2026 · Updated monthly
Avg Home Value
$213,680
▲ 10.7% year-over-year
Month-over-Month
+0.3%
▲ 0.3%
Single Family
$211,703
Condo / Co-op
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The average home value in the 38351 ZIP code (Lexington, TENNESSEE) is $213,680 as of February 2026. Home prices are rising, up 10.7% compared to last year.
The market in 38351 has a $222,191 spread between bottom-tier homes at $125,567 and top-tier homes at $347,758. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Henderson County market area in TENNESSEE. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Henderson County report.
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Market Snapshot
38351 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $212,452 | $213,136 | $213,680 | ▲ 0.6% |
| Single Family Value | $207,841 | $209,859 | $211,703 | ▲ 1.9% |
Home Values
38351 Home Value Trend
Historical home values for ZIP code 38351. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 38351
How different property types compare in this ZIP code.
All Homes
$213,680
Single Family
$211,703
Bottom Tier
$125,567
Top Tier
$347,758
Data Sources and Methodology
Home value data for ZIP code 38351 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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