The housing market in Lemont, IL is thriving, with a median home value of $446,300 that is significantly higher than the US house median value of $338,100. This reflects an appreciation rate of 9.35% compared to the national average of 8.27%. With the current robust housing markets and increasing prices in Lemont, IL, this offers potential homeowners an opportunity to invest in this attractive area.
The median home cost in Lemont is $446,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Lemont is up 13.7%.
Average Age of Homes
- The median age of Lemont real estate is 26 years old
The Rental Market in Lemont
- Renters make up 13.3% of the Lemont population
- 0.4% of houses and apartments in Lemont, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.