Construction Value
$37.2M ▲ 88%
Units Permitted
168 ▲ 112.7%
Avg Value / Unit
$222K
2024 · Census Bureau Building Permits Survey
Construction activity in Lexington jumped in 2024, up 112.7% from the prior year with 168 housing units permitted. At $222K per unit, new builds are 27% below the Davidson County average of $303K, indicating more affordable construction. Volume is 26% above the county average of 133 units, suggesting faster-than-typical growth. 41.7% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$2K
per resident
County avg: $39K-95%
$1.9M
per square mile
Lexington vs. Davidson County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 98 | 98 | $26.1M | 70% |
| ■ Duplex | 16 | 8 | $2.4M | 7% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 54 | 1 | $8.7M | 23% |
County Ranking by Construction Volume
Among 2 permit-issuing towns in Davidson County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →