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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lemont, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lemont, IL Housing Market Trends

With a population of 17,531, 6,235 total housing units (homes and apartments), and a median house value of $590,816, Lemont house prices are not only among the most expensive in Illinois, Lemont real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Lemont, accounting for 74.88% of the village's housing units. Other types of housing that are prevalent in Lemont include row houses and other attached homes ( 13.31%), duplexes, homes converted to apartments or other small apartment buildings ( 6.44%), and a few large apartment complexes or high rise apartments ( 5.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lemont. Owner-occupied housing accounts for 86.30% of Lemont's homes, and 73.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lemont built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lemont built between 2000 and later ( 31.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.60%). There's also some housing in Lemont built before 1939 ( 8.57%).

Lemont Home Appreciation Rates

Lemont's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lemont during the period has been just 4.87%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lemont's appreciation rate, at 7.27%, has been at or slightly above the national average. In the latest quarter, Lemont's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.

Relative to Illinois, our data show that Lemont's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$590,816

Lemont, IL Home Prices
> $1,339,000
$1,004,001 - $1,339,000
$669,001 - $1,004,000
$535,001 - $669,000
$401,001 - $535,000
$267,001 - $401,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
3.4%
3.4%
4.6%
4.6%
29.2%
29.2%
22.9%
22.9%
27.9%
27.9%
8.2%
8.2%
1.8%
1.8%
0.7%
0.7%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for Illinois

Very High

for nation

Number of Homes And Apartments:

6,235

Lemont Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,939 / per month

Homeownership Rate

Owners
Renters
86.3%
86.3%
13.7%
13.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.7%
2.7%
97.3%
97.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.7%
31.7%
51.1%
51.1%
8.6%
8.6%
8.6%
8.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.9%
74.9%
13.3%
13.3%
6.4%
6.4%
5.4%
5.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
3.7%
3.7%
14.8%
14.8%
40.0%
40.0%
33.4%
33.4%
6.1%
6.1%
0% 100.0%
% of Homes