Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lena

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

Median Home$158,141
Median Rent$688/month
Population2,694
Leading IndustriesRetail · Public Administration · Construction17% retail
Home Value Growth⬆⬆⬆+25.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners80% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$158k median home · lower cost than 71% of the country
Lena
IL

Frequently Asked Questions

What are today's mortgage rates in Lena?

As of today, the 30-year fixed mortgage rate for Lena is approximately 7.477% (7.496% 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 Lena
What is the median home price in Lena?

The median home value in Lena is $158k. The median monthly rent is $688. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lena?

Home values in Lena have increased 25.4% 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 Lena?

Based on a typical all-in ownership cost of $939/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lena is $79k/year.

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

The largest employment sectors in Lena are public administration (28%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.