Lemont, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lemont Neighborhoods Since 2000




Lemont, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lemont Housing Market Information

With 16,788 people, 5,813 houses or apartments, and a median cost of homes of $375,677, Lemont house prices are not only among the most expensive in Illinois, Lemont real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Lemont, accounting for 72.05% of the village's housing units. Other types of housing that are prevalent in Lemont include row houses and other attached homes ( 13.47%), large apartment complexes or high rise apartments ( 10.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lemont. Owner-occupied housing accounts for 81.71% of Lemont's homes, and 68.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lemont built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lemont built between 2000 and later ( 28.49%). A lesser amount of the housing stock also hails from before 1939 ( 15.23%). There's also some housing in Lemont built between 1940-1969 ( 9.91%).

Lemont Home Appreciation Rates

Lemont's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lemont during the period has been just -1.68%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lemont's appreciation rate, at 3.68%, has been at or slightly above the national average. In the latest quarter, Lemont's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Lemont's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$375,677

Lemont, IL HOME PRICES

Value Range
> $1,092,000 0.8
$819,001 - $1,092,000 2.0
$546,001 - $819,000 12.9
$437,001 - $546,000 19.3
$327,001 - $437,000 29.2
$218,001 - $327,000 24.7
$109,001 - $218,000 9.1
$54,001 - $109,000 0.6
$0 - $54,000 1.4

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
10.6000234384156 6.58227848101266

Number Of Homes And Apartments:
5,813

Lemont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
27.12% 1.40% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,116 / per month

Homeownership Rate

Homeownership
Owners 81.71
Renters 18.29
Vacant 4.42

Housing Market Details

 

Age of Homes

AGE OF Lemont HOMES
2000 or Newer 28.5
1970 - 1999 46.4
1940 - 1969 9.9
1939 or Older 15.2

Types of Homes

TYPE OF Lemont HOMES
Single-Family 72.0
Townhomes 13.5
Small Apt. Buildings 4.2
Apt. Complexes 10.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lemont HOMES
No Bedroom 1.48
1 Bedroom 9.59
2 Bedrooms 13.58
3 Bedrooms 40.23
4 Bedrooms 28.56
5 or more bedrooms 6.56