Is it cheaper to buy or rent in Lexington in 2026?

In Lexington, the income premium to buy a typical home over renting is 32%, requiring an income of $80,701 to buy versus $61,116 to rent. The median home price is $325,000, with median rent at $1,528 and median household income at $77,265. Nationally, the income premium is higher at 46.3%, with median home prices at $426,747 and median rent at $1,901.