Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lenox

Learn about the people, housing, costs and businesses in Lenox, Iowa

Median Home$114,400
Median Rent$744/month
Population1,538
Leading IndustriesManufacturing · Agriculture & Mining · Finance & Insurance15% manufacturing
Home Value Growth-2.2% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners76% of occupied units
NotableAffordable Market$114k median home · lower cost than 87% of the country
Lenox
IA

Frequently Asked Questions

What are today's mortgage rates in Lenox?

As of today, the 30-year fixed mortgage rate for Lenox is approximately 7.107% (7.153% 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 Lenox
What is the median home price in Lenox?

The median home value in Lenox is $114k. The median monthly rent is $744. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lenox?

Home values in Lenox have decreased 2.2% over the past two years. Buyers may find more negotiating room in this market. 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 Lenox?

Based on a typical all-in ownership cost of $829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lenox is $61k/year.

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

The largest employment sectors in Lenox are public administration (21%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.