Lexington Homes under $200,000

Welcome to Lexington, Missouri, a charming city nestled in Lafayette County that beautifully blends small-town charm with a rich historical backdrop. Known for its picturesque landscapes and friendly community, Lexington offers a serene lifestyle while being conveniently located near larger urban centers. With a population that values tradition and community spirit, residents enjoy local festivals, parks, and a vibrant downtown area filled with unique shops and eateries.

For those seeking an affordable place to call home, Lexington is a hidden gem with a variety of houses priced under $200,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, the housing market here offers diverse options to fit your needs. From cozy bungalows to spacious family homes, each property tells its own story and is waiting for the right owner to add their personal touch.

Living in Lexington means you’ll have access to quality schools, recreational activities, and a strong sense of community. The local parks and recreational facilities provide ample opportunities for outdoor adventures, while the historic sites around the city offer a glimpse into the past.

With its affordable housing market and welcoming atmosphere, Lexington, MO, is the perfect place to find your dream home without breaking the bank. Explore the possibilities today and discover why so many are choosing to make Lexington their forever home!

Newest Lexington Homes under $200,000

$169,000

3 Beds ⋅ 1 Baths

Great opportunity to live near Crystal Lake. Enjoy fishing and walking trails. The home features hardwood flooring in the living room and bedrooms. New flooring in bathroom and kitchen.

807 S 23rd Terrace, Lexington

Listing courtesy of Kathy Adkins of Riverview Realty.

$40,000

2 Beds ⋅ 1 Baths

Welcome to an excellent investment or redevelopment opportunity in Lexington, MO! This 2-bedroom, 1-bath property offers 832 sq ft of living space on a .321-acre in-town lot. The property has significant foundation damage and is being sold strictly as-is, creating an opportunity for an investor looking for a project or someone wanting a lot in town to remove the existing structure and build new. Convenient in-town location with potential to bring your vision to life. Buyer and buyer’s agent to verify all measurements, property lines, lot dimensions, zoning, utilities, and intended use. Property is being sold as-is with no repairs to be made by the seller.

203 S 7th Street, Lexington

Listing courtesy of Alexia Fiedler of 1st Class Real Estate KC.

$95,000

2 Beds ⋅ 1 Baths

INVESTORS and FLIPPERS needed! Cosmetic flip, come gain you sweat equity! Slab house with good bones, come make your vision come to life!

218 Highland Avenue, Lexington

Listing courtesy of Dylan Fry of RE/MAX Advantage.

$159,000

A Downtown Lexington Opportunity Full of Possibilities! If you're looking for a property that offers character, flexibility, and the potential for multiple income streams, take a closer look at 1007 Franklin Avenue. This distinctive two-story, approximately 2,400 sq ft commercial building is located in the heart of Downtown Lexington and is ready for its next chapter. Formerly home to a restaurant, the main level offers a flexible layout with plenty of potential for a restaurant, retail shop, professional office, event space, or a business of your own. The existing kitchen setup, including an exhaust hood, gives the space a head start for a future food-service concept. Upstairs, the second-floor apartment opens the door to additional possibilities: generate rental income, create an owner-occupied space, or incorporate it into your overall business plan. Add in basement storage with a walkout, and you have even more functional space to work with. A newer AC system adds to the property's appeal. At the same time, the combination of commercial space, an apartment, basement storage, and a prime downtown location creates an opportunity to explore multiple income streams under one roof. Whether you have a business dream, an investment strategy, or simply a vision for breathing new life into a downtown property, 1007 Franklin Avenue is ready for its next opportunity. Bring your ideas and see what you can create in the heart of historic Lexington!

1007 Franklin Avenue, Lexington

Listing courtesy of Larry Thomas of Keller Williams Platinum Prtnr.

$109,900

2 Beds ⋅ 1 Baths

*PRICE IMPROVEMENT* Why rent when you can own? This inviting 2-bedroom, 1-bath bungalow offers an excellent opportunity for first-time buyers, downsizers, or investors looking to add their personal touch. Situated on a corner lot, this home features fresh interior paint, comfortable living spaces, and plenty of potential to make it your own. Step outside to enjoy the large, partially fenced yard, offering space for pets, gardening, outdoor entertaining, or future improvements. With affordable ownership opportunities becoming harder to find, this property is the perfect chance to build equity while creating a home that reflects your style and vision. Schedule your showing today and discover the possibilities this property has to offer—your opportunity awaits!

2101 Jefferson Street, Lexington

Listing courtesy of Cheri Hudson Landwehr of RE/MAX Central.

$180,000

5 Beds ⋅ 4 Baths

Step into the charm and character of this remarkable historic home, offering breathtaking views of the Missouri River. This L-plan Greek Revival antebellum home features 5 bedrooms, 4 bathrooms, and 2,398 sq. ft. of living space, beautifully preserving many of its original architectural details while incorporating updates for comfortable modern living. Updated plumbing and electrical provide added peace of mind, while the impressive two-tiered verandah creates the perfect setting to relax, entertain, and enjoy the stunning river views. Rich in history and timeless character, this exceptional property offers a rare opportunity to own a piece of the past with the conveniences of today.

778 Highland Avenue, Lexington

Listing courtesy of Kathy Adkins of Riverview Realty.

$185,000

3 Beds ⋅ 1.5 Baths

Welcome home to this well kept, all ranch home in an established neighborhood in the charming town of Lexington. This is a clean, comfortable home that has been thoughtfully maintained and offers the kind of solid construction and simple layout that makes a home easy to enjoy. Home features brand new furnace and A/C units, original wood floors that add character, and updated countertops that provide a nice touch in the kitchen. One of the bedrooms includes a convenient half bathroom, with a full bathroom located off the hallway. The basement is very sound and offers excellent space for storage or future use. A great opportunity for someone looking for a well cared for home in a friendly community and a wonderful small town setting.

506 Country Club Road, Lexington

Listing courtesy of Atalie Blackwell of Platinum Realty LLC.

$169,900

3 Beds ⋅ 2.5 Baths

Updated 2 story home. The updated kitchen provides a refreshed space for meal preparation, while the updated bathoffers modern convenience. Fresh paint throughout creates a clean, move-in ready atmosphere that brightens the interiorspaces. The basement is set up as a primary suite with large bath. The upstairs has 2 additional bedrooms with a fullupdated bath. The covered front porch extends the living space outdoors, creating a welcoming entrance and providing asheltered area to enjoy the outdoors .This is a Fannie Mae Homepath home.

120 N 17th Street, Lexington

Listing courtesy of Tanya Baumgart of 1st Class Real Estate KC.

$164,000

2 Beds ⋅ 1 Baths

Victorian style home on a great corner lot in the middle of Lexington Missouri! Could you ask for more? On the exterior we have a beautiful wrap around porch in the front and an amazing patio oasis in the back hidden away from the outside world by a fresh privacy fence. Once inside you'll find all the original trim work along with the hardwood floors just waiting for a refresher. Most of the windows have been updated except for two of the original stain glass style ones on street sides. Come check this one out!

1601 Bloom Street, Lexington

Listing courtesy of Kathy Adkins of Riverview Realty.

$174,900

3 Beds ⋅ 1.5 Baths

Charming 1960s character meets endless potential in this TRUE RANCH Lexington home! Located on a quiet street and the perfect corner lot, 28 Forest Lane offers the opportunity to own a home with lots of original charm. Classic features and a solid layout while still leaving room to make it truly your own. Inside, you’ll find a comfortable layout featuring three bedrooms and one-and-a-half baths, with plenty of natural light and functional living spaces. There is fresh paint throughout the main level and real hardwood floors are now being showcased after being hidden for years! Downstairs in the full finished basement is plenty of space for hangouts and hobbies as well as a second FULL kitchen, half bathroom, laundry room and ample storage. Whether you’re a first-time buyer, looking for an affordable home in Lexington, or someone who enjoys the opportunity to add value through thoughtful improvements, this property offers plenty of possibilities.

28 Forest Lane, Lexington

Listing courtesy of Lauren Hogan of ReeceNichols - Lees Summit.

$163,500

3 Beds ⋅ 2.5 Baths

Come take a peek at this beautifully remodeled home! From the floors to the ceilings this house has been thoughtfully renovated all throughout. With 3 bedrooms and 2.5 bathrooms this house offers ample space and comfortability for any family dynamic. The eat-in kitchen offers updated appliances, countertops and cabinets alongside each bathroom giving luxurious upgrades that not every house has to offer. With a large, fenced in backyard perfect for your furry friends and a detached 2-car garage this provides extra space to enjoy outside of the house as well! After a long day of work or playing outside kick off your shoes, jackets and coats in the mud room. No mess, no stress! Located within walking distance of the elementary school, this house is centralized in a great location! If you're looking for the perfect house ready for you to just move your things into then this is it! Give me a call and come check it out today and make this house your home! Logan Welch??660-232-0065 King Realty ?? 660-259-6300 MLS #2524920 What this house offers: - Brand-new high-end features - Fenced in backyard - Luxury kitchen - Breakfast nook/eat in area - Main level washer & dryer - Mud room - 6 month old HVAC & water heater

415 S 20th Street, Lexington

Listing courtesy of Dennis Welch of King Realty.

$110,000

3 Beds ⋅ 1 Baths

Looking for your next flip, rental, or forever home with instant sweat equity? This diamond in the rough is waiting for the right owner to bring it back to life. 2 blocks north of Main Street, you’ll enjoy the convenience of being within walking distance of downtown. Main Level; Large open living and dining room, Kitchen, two bedrooms, Hall bath, Primary bath is framed and ready to be finished. Upstairs: Large bedroom with generous closet space & Sitting room, Huge unfinished area with endless possibilities—add bedrooms, a family room, office, game room, or whatever fits your needs! Outside you’ll find: Front and back deck, New detached garage on a concrete pad The big-ticket items are already taken care of! Roof is only 3 years old. Central air is approximately 7 years Bring your ideas, your tools, and your vision to transform this property into something special.

135 N 11th Street, Lexington

Listing courtesy of Kathy Adkins of Riverview Realty.

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