Market Overview
Home Prices in Lena, IL
The median home value in Lena, IL is $215,355 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.1% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lena are priced47% below average. Lena is part of the Freeport, IL metro area.
Over the past five years, Lena home values have risen by approximately55.3%, reflecting strong long-term appreciation in this market.
Price History
Lena Home Price Trend
2020
$121,496
$121K
—
2021
$138,651
$139K
+14.1%
2022
$160,137
$160K
+15.5%
2023
$169,686
$170K
+6.0%
2024
$182,702
$183K
+7.7%
2025
$193,753
$194K
+6.0%
2026
$215,355
$215K
+11.1%
City Comparison
Lena vs. National Median
🏠 Lena
$215,355
National Median
$410,000
At $215,355, homes in Lena cost 47% below the national median of $410,000. This makes Lena a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lena?
20% Down Payment
$43,071
on $215,355
Monthly P&I
$1,123/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,426/mo
incl. taxes & insurance
Income Needed
$57,040
gross annual (30% rule)
10% Down Option
$21,536
+ PMI applies
Loan Amount (20% dn)
$172,284
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 Lena, IL?
The median home value in Lena is $215,355 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.1% year-over-year.
How much have home prices changed in Lena?
Over the past year, home values in Lena have increased by 11.1%. Over five years, prices have risen approximately 55.3%.
How much do I need to earn to buy a home in Lena?
To comfortably afford the median home price of $215,355 with a 20% down payment ($43,071) at today's rates (6.8%), you'd need a gross annual income of approximately $57,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Lena compare to the national average home price?
The national median home value is approximately $410,000. At $215,355, homes in Lena are 47% below the national average.
What metro area is Lena part of?
Lena is part of the Freeport, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.