Market Overview
Home Prices in Lenox, IA
The median home value in Lenox, IA is $126,103 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lenox are priced69% below average.
Over the past five years, Lenox home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Lenox Home Price Trend
2020
$83,796
$84K
—
2021
$94,437
$94K
+12.7%
2022
$109,641
$110K
+16.1%
2023
$108,998
$109K
-0.6%
2024
$118,823
$119K
+9.0%
2025
$117,917
$118K
-0.8%
2026
$126,103
$126K
+6.9%
City Comparison
Lenox vs. National Median
🏠 Lenox
$126,103
National Median
$410,000
At $126,103, homes in Lenox cost 69% below the national median of $410,000. This makes Lenox a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lenox?
20% Down Payment
$25,221
on $126,103
Monthly P&I
$658/mo
30-yr @ 6.8%
Total Monthly Est.
~$836/mo
incl. taxes & insurance
Income Needed
$33,440
gross annual (30% rule)
10% Down Option
$12,610
+ PMI applies
Loan Amount (20% dn)
$100,882
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 Lenox, IA?
The median home value in Lenox is $126,103 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Lenox?
Over the past year, home values in Lenox have increased by 6.9%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Lenox?
To comfortably afford the median home price of $126,103 with a 20% down payment ($25,221) at today's rates (6.8%), you'd need a gross annual income of approximately $33,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Lenox compare to the national average home price?
The national median home value is approximately $410,000. At $126,103, homes in Lenox are 69% below the national average.