New Lenox, IL


Highest Appreciating New Lenox Neighborhoods Since 2000

New Lenox, 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 Q3 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

New Lenox Housing Market Information

With a population of 25,800, 8,204 total housing units (homes and apartments), and a median house value of $299,566, New Lenox real estate is some of the most expensive in Illinois, although New Lenox home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in New Lenox, accounting for 76.80% of the village's housing units. Other types of housing that are prevalent in New Lenox include row houses and other attached homes ( 10.95%), large apartment complexes or high rise apartments ( 7.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Lenox. Owner-occupied housing accounts for 85.92% of New Lenox's homes, and 74.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in New Lenox 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 New Lenox built between 2000 and later ( 28.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.39%). There's also some housing in New Lenox built before 1939 ( 1.33%).

New Lenox Home Appreciation Rates

New Lenox's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Lenox during the period has been just -0.97%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, New Lenox's appreciation rate, at 4.92%, has been at or slightly above the national average. In the latest quarter, New Lenox's appreciation rate has been 1.25%, which annualizes to a rate of 5.09%.

Relative to Illinois, our data show that New Lenox's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within New Lenox differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Lenox - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Lenox real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,138,000 0.1
$853,001 - $1,138,000 0.5
$569,001 - $853,000 1.6
$455,001 - $569,000 3.9
$342,001 - $455,000 24.5
$228,001 - $342,000 44.9
$114,001 - $228,000 20.9
$57,001 - $114,000 0.8
$0 - $57,000 2.7

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
17.7000995374436 10.7594936708861

Number Of Homes And Apartments:

New Lenox Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
30.71% 1.52% 6 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,319 / per month

Homeownership Rate

Owners 85.92
Renters 14.08
Vacant 2.34

Housing Market Details


Age of Homes

2000 or Newer 28.6
1970 - 1999 61.7
1940 - 1969 8.4
1939 or Older 1.3

Types of Homes

Single-Family 76.8
Townhomes 11.0
Small Apt. Buildings 4.5
Apt. Complexes 7.4
Mobile Homes 0.4
Other 0.0

Home Size

No Bedroom 0.25
1 Bedroom 3.04
2 Bedrooms 19.57
3 Bedrooms 38.51
4 Bedrooms 35.63
5 or more bedrooms 3.01