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New Lenox

Learn about the people, housing, costs and businesses in New Lenox, Illinois

Median Home$381,786
Median Rent$1,567/month
Population27,322
Leading IndustriesFinance & Insurance · Information & Media · Professional Services7% finance & insurance
Home Value Growth⬆⬆+15.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners92% of occupied units
NotableHigh Incomes$132k/year · top 6% nationally
NotableTransit80/100 · excellent transit access
New Lenox
IL

Frequently Asked Questions

What are today's mortgage rates in New Lenox?

As of today, the 30-year fixed mortgage rate for New Lenox is approximately 6.919% (6.926% 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 New Lenox?

The median home value in New Lenox is $382k. The median monthly rent is $1,567. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Lenox?

Home values in New Lenox have increased 15.2% 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 New Lenox?

Based on a typical all-in ownership cost of $2,004/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Lenox is $132k/year.

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What industries drive the economy in New Lenox?

The largest employment sectors in New Lenox are public administration (23%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.