Market Overview
Home Prices in Lemont, IL
The median home value in Lemont, IL is $592,841 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lemont are priced45% above average. Lemont is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Lemont home values have risen by approximately33.7%, reflecting strong long-term appreciation in this market.
Price History
Lemont Home Price Trend
City Comparison
Lemont vs. National Median
At $592,841, homes in Lemont cost 45% above the national median of $410,000. Buyers in Lemont should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lemont?
20% Down Payment
$118,568
on $592,841
Monthly P&I
$3,092/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,927/mo
incl. taxes & insurance
Income Needed
$157,080
gross annual (30% rule)
10% Down Option
$59,284
+ PMI applies
Loan Amount (20% dn)
$474,273
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 Lemont, IL?
The median home value in Lemont is $592,841 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Lemont?
Over the past year, home values in Lemont have increased by 7.6%. Over five years, prices have risen approximately 33.7%.
How much do I need to earn to buy a home in Lemont?
To comfortably afford the median home price of $592,841 with a 20% down payment ($118,568) at today's rates (6.8%), you'd need a gross annual income of approximately $157,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Lemont compare to the national average home price?
The national median home value is approximately $410,000. At $592,841, homes in Lemont are 45% above the national average.
What metro area is Lemont part of?
Lemont is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.