Market Overview
Home Prices in Lenzburg, IL
The median home value in Lenzburg, IL is $118,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and down 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lenzburg are priced71% below average. Lenzburg is part of the St. Louis, MO-IL metro area.
Over the past five years, Lenzburg home values have fallen by approximately3.0%, reflecting softening conditions in this market.
Price History
Lenzburg Home Price Trend
City Comparison
Lenzburg vs. National Median
At $118,786, homes in Lenzburg cost 71% below the national median of $410,000. This makes Lenzburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lenzburg?
20% Down Payment
$23,757
on $118,786
Monthly P&I
$620/mo
30-yr @ 6.8%
Total Monthly Est.
~$787/mo
incl. taxes & insurance
Income Needed
$31,480
gross annual (30% rule)
10% Down Option
$11,879
+ PMI applies
Loan Amount (20% dn)
$95,029
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 Lenzburg, IL?
The median home value in Lenzburg is $118,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Lenzburg?
Over the past year, home values in Lenzburg have increased by 2.7%. Over five years, prices have fallen approximately 3.0%.
How much do I need to earn to buy a home in Lenzburg?
To comfortably afford the median home price of $118,786 with a 20% down payment ($23,757) at today's rates (6.8%), you'd need a gross annual income of approximately $31,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lenzburg compare to the national average home price?
The national median home value is approximately $410,000. At $118,786, homes in Lenzburg are 71% below the national average.
What metro area is Lenzburg part of?
Lenzburg is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.