ZIP Code Market Report
78947 — Lexington, TX
Data through February 2026 · Updated monthly
Avg Home Value
$409,640
▲ 2.0% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$404,438
Condo / Co-op
--
The average home value in the 78947 ZIP code (Lexington, TEXAS) is $409,640 as of February 2026. Home prices are rising, up 2.0% compared to last year.
A 3-bedroom home in 78947 is valued at $331,863.
The market in 78947 has a $534,484 spread between bottom-tier homes at $231,496 and top-tier homes at $765,980. 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 Lee County market area in TEXAS. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Lee County report.
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Market Snapshot
78947 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 | $410,459 | $411,305 | $409,640 | ▼ 0.2% |
| Single Family Value | $400,462 | $402,349 | $404,438 | ▲ 1.0% |
Home Values
78947 Home Value Trend
Historical home values for ZIP code 78947. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 78947
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 3 Bedrooms | $331,863 |
Property Types
Home Values by Property Type in 78947
How different property types compare in this ZIP code.
All Homes
$409,640
Single Family
$404,438
Bottom Tier
$231,496
Top Tier
$765,980
Data Sources and Methodology
Home value data for ZIP code 78947 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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