The story of this market
The typical home in ZIP 35648 sells for about $292,900, or $162 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $661 a month.
ZIP 35648 — Lexington
The 35648 housing market in Lexington, AL, is a quiet, rural market with a median listing price of $292,900. Activity is characterized by low turnover and a focus on scenic, larger-acreage properties. Market data is limited due to the small population size and rural nature of the area.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or individuals looking for spacious properties and a close-knit community atmosphere.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 85 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.9% · poverty 9.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 35648, Lexington AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Residents primarily rely on personal vehicles for transportation, with convenient road access throughout the rural Lexington area.
The area is characterized by scenic landscapes and rural surroundings, appealing to nature enthusiasts seeking a tranquil, outdoor-oriented lifestyle.
The local economy is primarily rural, with limited major industrial or corporate presence within the immediate ZIP code.
Data sourced from community overview reports; specific ACS tables not available for this ZCTA.
Features scenic views and picturesque landscapes suitable for nature enthusiasts.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.