Market Overview
Home Prices in Lennon, MI
The median home value in Lennon, MI is $199,110 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lennon are priced51% below average. Lennon is part of the Lansing-East Lansing, MI metro area.
Over the past five years, Lennon home values have risen by approximately24.7%, reflecting strong long-term appreciation in this market.
Price History
Lennon Home Price Trend
City Comparison
Lennon vs. National Median
At $199,110, homes in Lennon cost 51% below the national median of $410,000. This makes Lennon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lennon?
20% Down Payment
$39,822
on $199,110
Monthly P&I
$1,038/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,318/mo
incl. taxes & insurance
Income Needed
$52,720
gross annual (30% rule)
10% Down Option
$19,911
+ PMI applies
Loan Amount (20% dn)
$159,288
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 Lennon, MI?
The median home value in Lennon is $199,110 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Lennon?
Over the past year, home values in Lennon have increased by 6.2%. Over five years, prices have risen approximately 24.7%.
How much do I need to earn to buy a home in Lennon?
To comfortably afford the median home price of $199,110 with a 20% down payment ($39,822) at today's rates (6.8%), you'd need a gross annual income of approximately $52,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Lennon compare to the national average home price?
The national median home value is approximately $410,000. At $199,110, homes in Lennon are 51% below the national average.
What metro area is Lennon part of?
Lennon is part of the Lansing-East Lansing, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.