Homes Under $500K in Lexington, TX

19 active homes under $500k in Lexington, TX from $145,000 · The median list price in Lexington is $299,000.

$174,999

517 First Street, Lexington TX 78947

MLS #234837138 · Bexley Land & Cattle · Keith Bexley

2 bd·2 ba·1,481 sqft

$190,000

809 N Main ST, Lexington TX 78947

MLS #240079916 · Bexley Land & Cattle · Keith Bexley

2 bd·2 ba·1,412 sqft

Motivated Seller

$195,000

204 N Rockdale ST, Lexington TX 78947

MLS #244002403 · Schultz Texas Properties, LLC · Lori Schultz

3 bd·2 ba·1,953 sqft

Fixer-Upper

$245,000

517 Giddings ST, Lexington TX 78947

MLS #240674616 · Realty Texas LLC · Karen Suchomlinow

3 bd·1 ba·1,859 sqft

Motivated Seller

$265,000

643 Yegua DR, Lexington TX 78947

MLS #236469058 · Brokers Real Estate · Ginger Lina

3 bd·2 ba·1,498 sqft

Motivated Seller

$278,000

9278 N Highway 77 Highway, Lexington TX 78947

MLS #237060730 · Fathom Realty · Sabrina Billings

2 bd·1 ba·1,236 sqft

Fixer-Upper

$285,000

1250 Fm 112, Lexington TX 78947

MLS #242781518 · Brokers Real Estate · Ginger Lina

2 bd·2 ba·1,368 sqft

$298,000

312 Holcombe DR, Lexington TX 78947

MLS #241914706 · Bexley Land & Cattle · MADI Bexley

3 bd·2 ba·1,832 sqft

Motivated Seller

$189,000

908 Yegua DR, Lexington TX 78947

MLS #244592643 · eXp Realty, LLC · Sean Fuentes

4 bd·2 ba·1,008 sqft

$219,000

1575 County Road B RD, Lexington TX 78947

MLS #237032034 · Rainey Real Estate · Alexis Graham

1 bd·1 ba·620 sqft

$275,000

845 Caldwell ST, Lexington TX 78947

MLS #227012343 · Brokers Real Estate · Ginger Lina

4 bd·2 ba·1,960 sqft

$145,000

414 Avenue F, Lexington TX 78947

MLS #246411230 · Brokers Real Estate · Misty Schumpert

3 bd·2 ba·1,568 sqft

Fixer-Upper

$300,000

9262 N Highway 77, Lexington TX 78947

MLS #242121089 · Daniel Brunner, Broker · Dan Brunner

4 bd·2 ba·2,420 sqft

$349,500

1110 Caldwell, Lexington TX 78947

MLS #241592044 · Bexley Land & Cattle · Keith Bexley

3 bd·2 ba·1,400 sqft

Price Cut

$350,000

616 S Rockdale ST, Lexington TX 78947

MLS #235172112 · Pud Owens Realty · Tomm Owens

2 bd·1.5 ba·1,679 sqft

$354,000

1015 Fm 112 RD, Lexington TX 78947

MLS #243823850 · Bexley Land & Cattle · MADI Bexley

3 bd·2 ba·2,751 sqft

$390,000

1004 White Tail CV, Lexington TX 78947

MLS #242991156 · Bexley Land & Cattle · Keith Bexley

3 bd·2 ba·1,833 sqft

$449,000

1196 Sherrill LN, Lexington TX 78947

MLS #239165764 · Bexley Land & Cattle · MADI Bexley

3 bd·2 ba·1,635 sqft

Motivated Seller

$475,000

1471 County Road A, Lexington TX 78947

MLS #243058037 · Compass RE Texas, LLC · Anthony Harris

3 bd·2.5 ba·1,600 sqft

About Homes Under $500K in Lexington, TX

Setting a price ceiling is one of the most useful ways to shop, and there are 19 homes for sale under $500K in Lexington on the market right now, drawn from live MLS data — so you're seeing what's actually available in your range, not a stale list. How far a $500K budget goes depends on the Lexington market, and the quickest gauge is the median list price shown above: when your ceiling is below the local median you're shopping the lower-priced end of the local market, and when it's near or above the median you're looking at a large share of what's available. Within a $500K budget you'll typically find a mix of property types — houses, condos, and townhomes, and in some areas newer construction — across different sizes, ages, and neighborhoods, so the trade-offs between them are where the real choice lives. You can filter the homes and houses for sale under $500K in Lexington by beds, baths, and features to narrow the list, and open any listing for its full details and price history. Because HomeLocating is an independent home-search platform — not a national portal — you get a neutral, MLS-sourced view of what $500K actually buys in Lexington today.

Buying a Home Under $500K in Lexington

Shopping with a $500K ceiling in Lexington works best when the number is real, so a few things are worth doing before you tour. Start with a lender: getting pre-approved tells you what you can actually borrow and what your monthly payment looks like at $500K, which is often different from a round budget in your head. Remember that the list price isn't the whole cost — property taxes, any HOA or MUD dues, and insurance all factor into what a home under $500K really costs each month, so it's worth looking at the full number. Within a fixed budget, the choice usually comes down to trade-offs: size, location and commute, the age and condition of the home, and new construction versus resale — deciding which of those matter most to you makes comparing homes far easier. And well-priced homes in a given range can move quickly, so knowing your criteria in advance helps you act when the right one appears. None of this is financial advice, and HomeLocating is not a lender — but it's what keeps a budget from being a guess. Because HomeLocating is operated by Walter Marin, REALTOR® with Compass, you can get help finding and buying a home under $500K in Lexington directly through the site. When you're ready, browse the listings above and reach out about any that interest you.

Frequently Asked Questions

How many homes are for sale under $500K in Lexington?

It changes as new listings come on the market and others go under contract. The homes under $500K shown here for Lexington are drawn from live MLS data, so the count reflects what's actually available right now — the current total is shown with the results above.

What kind of homes can I get under $500K in Lexington?

It depends on how $500K compares to the local market — the median list price for Lexington is shown above. Within that budget you'll generally find a mix of houses, condos, and townhomes, and in some areas newer construction, across a range of sizes, ages, and neighborhoods. Filtering by property type and features narrows it to what fits.

How does a $500K budget compare to the Lexington market?

The simplest gauge is the median list price shown above. If $500K is below the Lexington median, you're shopping the lower-priced end of the market; if it's near or above the median, your budget covers a large share of what's listed. The live count shows how many homes currently fall under $500K.

How do I know what I can actually afford?

List price is only part of it — your real budget depends on your financing plus property taxes, insurance, and any HOA or MUD dues. Getting pre-approved with a lender tells you what you can borrow and what the monthly payment would be at $500K, so the number is based on your situation rather than a guess.

Are these listings current?

Yes — the homes under $500K shown here are drawn from live MLS data, so you're seeing current listings rather than a stale or padded list. As an independent platform, the goal is an accurate, neutral view of the Lexington market.

Can HomeLocating help me buy a home under $500K in Lexington?

Yes. HomeLocating is operated by Walter Marin, REALTOR® with Compass, so you can get help comparing homes in your budget, understanding the full monthly cost, and handling the offer directly through the site — reach out about any of the listings above.