ZIP Code · NC

ZIP 27292

Part of Lexington, NC

Pop. 40,311·Davidson County·210th most expensive ZIP in North Carolina

Median rent (all units)

$1,295/mo

Year-over-Year

+5.1%

Month-over-Month

+0.5%

vs US Median

-$637

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 27292 · $1,295

More affordable than 86% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$890

1 BR

$960

2 BR

$1,050

3 BR

$1,440

4 BR+

$1,740

Research median

$1,050/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of North Carolina

Rent in ZIP 27292 changed +5.1% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($57,264) is $1,432 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,050); a 3-bedroom is $1,440.

From Zillow's monthly rent index (ZORI) for ZIP 27292. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,540/yr

At $1,295/mo median

Location

CityLexington

StateNC

CountyDavidson County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.1% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 27292 (Lexington, NC) is majority owner-occupied, has a large retiree population, has a median income below the national average, 19% of residents hold a bachelor's degree or higher.

Population

40,311

Median income

$57,264

Median age

41.6

Renters

29.8%

Age distribution

21.2%

20.8%

24.1%

13.8%

20.1%

Under 1821.2%

18–3420.8%

35–5424.1%

55–6413.8%

65+20.1%

Gender

47.6%

52.4%

Male47.6%

Female52.4%

Race & ethnicity

72.1%

White72.1%

Black11.8%

Hispanic10.1%

Asian1.8%

Other4.2%

Education (25+)

15%

32.1%

33.9%

19%

No HS diploma15%

HS diploma32.1%

Some college33.9%

Bachelor's+19%

Housing tenure

70.2%

29.8%

Owner70.2%

Renter29.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 27292 in Lexington, NC has changed in 5 years

Income

$44,614 → $57,264

up 28.4%

Population

41,035 → 40,311

down 1.8%

Renter share

34.8% → 29.8%

-5.0 pts

Bachelor's+

15.8% → 19%

+3.2 pts

Median age

41 → 41.6

+0.6 yrs

Census figures show median household income at $57,264 today, compared with $44,614 five years earlier. The population has contracted by 1.8% since 2021, moving from about 41,035 residents to roughly 40,311. Renters now make up 29.8% of households, compared with 34.8% five years ago. College-educated residents now make up 19% of adults here, versus 15.8% in 2021.

Community

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Local insights

Tips for renters in ZIP 27292

About renting in ZIP 27292

Last updated: October 17, 2026

ZIP code 27292 covers Lexington, NC. The median rent here is $1,295/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,050/mo.

At 27% of local median household income ($57,264/yr), ZIP 27292 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27292?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (about $25/hour full-time) to afford the median rent of $1,295/mo in ZIP 27292. The local median household income is $57,264/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27292?

Rent in ZIP 27292 has risen 5.1% over the past year.

How does ZIP 27292 compare to other ZIPs in North Carolina?

ZIP 27292 is one of the more affordable among North Carolina ZIP codes for rent, ranking #210 of 230 at $1,295/mo. Over the year to September 2026, rent in ZIP 27292 changed +5.1%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.