Market Overview
Home Prices in Lanett, AL
The median home value in Lanett, AL is $125,554 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lanett are priced69% below average. Lanett is part of the LaGrange, GA-AL metro area.
Over the past five years, Lanett home values have risen by approximately5.1%, reflecting steady appreciation in this market.
Price History
Lanett Home Price Trend
2020
$97,954
$98K
—
2021
$119,409
$119K
+21.9%
2022
$124,153
$124K
+4.0%
2023
$129,680
$130K
+4.5%
2024
$124,354
$124K
-4.1%
2025
$125,408
$125K
+0.8%
2026
$125,554
$126K
+0.1%
City Comparison
Lanett vs. National Median
🏠 Lanett
$125,554
National Median
$410,000
At $125,554, homes in Lanett cost 69% below the national median of $410,000. This makes Lanett a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lanett?
20% Down Payment
$25,111
on $125,554
Monthly P&I
$655/mo
30-yr @ 6.8%
Total Monthly Est.
~$832/mo
incl. taxes & insurance
Income Needed
$33,280
gross annual (30% rule)
10% Down Option
$12,555
+ PMI applies
Loan Amount (20% dn)
$100,443
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lanett, AL?
The median home value in Lanett is $125,554 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Lanett?
Over the past year, home values in Lanett have increased by 0.1%. Over five years, prices have risen approximately 5.1%.
How much do I need to earn to buy a home in Lanett?
To comfortably afford the median home price of $125,554 with a 20% down payment ($25,111) at today's rates (6.8%), you'd need a gross annual income of approximately $33,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Lanett compare to the national average home price?
The national median home value is approximately $410,000. At $125,554, homes in Lanett are 69% below the national average.
What metro area is Lanett part of?
Lanett is part of the LaGrange, GA-AL metropolitan area. Home prices and market conditions can vary across the broader metro region.