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Lenzburg

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

Median Home$167,200
Median Rent$707/month
Population436
Leading IndustriesProfessional Services · Education3% professional services
Home Value Growth+10.3% over 2 years
Young Adults27% of residentsnear the national average
Homeowners84% of occupied units
NotableTransit88/100 · excellent transit access
NotableAffordable Market$167k median home · lower cost than 66% of the country
Lenzburg
IL

Frequently Asked Questions

What are today's mortgage rates in Lenzburg?

As of today, the 30-year fixed mortgage rate for Lenzburg is approximately 6.939% (6.946% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lenzburg?

The median home value in Lenzburg is $167k. The median monthly rent is $707. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lenzburg?

Home values in Lenzburg have increased 10.3% 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 Lenzburg?

Based on a typical all-in ownership cost of $853/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lenzburg is $78k/year.

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What industries drive the economy in Lenzburg?

The largest employment sectors in Lenzburg are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.