Market insights · Virginia
Lexington city, VA: growth, migration and housing
Lexington city has 7,769 residents, up 6.2% since 2020 (+0.9% in the last year). In 2022–2023, 308 households moved in and 248 moved out (+60 net), bringing in a net $6.8M of income. Median household income is $84,517, the median home $275,200 and median rent $1,081 a month.
In Virginia: 29th of 133 counties for 5-year population growth · 9th of 133 counties for net in-migration (per resident) · 40th of 133 counties for median household income · 63rd of 133 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Lexington city, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Rockbridge County, VA | 64 | $3.7M |
Where leavers went
Top counties by households leaving Lexington city, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Rockbridge County, VA | 74 | $5.0M |
BizyFi in Lexington city
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.