Lexington, Virginia Demographics 2026

Population Overview

Lexington is located in Virginia with a total population of 7,420. It is the 120th most populous county out of 133 in Virginia.

Age Demographics

The median age in Lexington is 22.5 years. This is 42% lower than the state median of 38.8 years. Only 7.1% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Lexington is $89,598. This is 2% lower than the state median of $90,974. It is also 14% higher than the national median of $78,538. The poverty rate stands at 15.9%. This is 61% higher than the state poverty rate of 9.9%. The unemployment rate is 0.7%. This is 85% lower than the state rate of 4.3%. The median home value is $275,300. Housing costs are 24% lower than the state median of $360,700. The home-value-to-income ratio is 3.1x. 51.7% of occupied housing units are owner-occupied. This homeownership rate is 23% lower than the state average of 67.2%.

Race & Ethnicity

The largest racial or ethnic group in Lexington is White (non-Hispanic), making up 79.1% of the population. Hispanic or Latino residents account for 4.9%. The Black or African American population (4.7%) is well below the state average of 18.4%. The Hispanic or Latino population (4.9%) is well below the state average of 10.7%. The Asian population (3.2%) is well below the state average of 6.8%.

Education

57.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Lexington in the top 10% of all counties in the state for educational attainment. This is 38% higher than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.9%. Notably, 32.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All figures for Lexington come from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023), with comparisons drawn against Virginia and national averages from the same dataset. See our methodology page for how each metric is defined, or data.census.gov for official tables with margins of error.