Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lemont

Learn about the people, housing, costs and businesses in Lemont, Illinois

Median Home$486,849
Median Rent$1,427/month
Population17,330
Leading IndustriesFinance & Insurance · Information & Media · Arts, Food & Hospitality8% finance & insurance
Home Value Growth⬆⬆+11.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners87% of occupied units
NotableHigh Incomes$128k/year · top 7% nationally
NotableTransit84/100 · excellent transit access
Lemont
IL

Frequently Asked Questions

What are today's mortgage rates in Lemont?

As of today, the 30-year fixed mortgage rate for Lemont is approximately 6.834% (6.838% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lemont
What is the median home price in Lemont?

The median home value in Lemont is $487k. The median monthly rent is $1,427. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lemont?

Home values in Lemont have increased 11.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lemont?

Based on a typical all-in ownership cost of $1,698/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lemont is $128k/year.

Calculate your buying power
What industries drive the economy in Lemont?

The largest employment sectors in Lemont are public administration (23%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.