Lemont, IL—60439
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lemont, IL
As of Oct '25, the median home price in Lemont, IL is $553,000, with a year-over-year change of 5.1%. This indicates that home prices in Lemont, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $553,000 | 5.1% |
| Single Family | $562,000 | 5.4% |
| Condos | $303,000 | -9.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $361,000 | 5.2% |
3 Bed | $448,000 | 6.4% |
4 Bed | $655,000 | 5.5% |
| 5 Bed | $804,000 | 3.5% |
% of Housing Stock
Rental Trends — Lemont, IL
As of July '25, Rentcast reports the average rent in Lemont, IL is $2,500, with a year-over-year rent change of -11.7%. Per bedroom, the median rent as of July '25 in Lemont, IL is studios: $1,150, 1-bedrooms: $1,300, 2-bedrooms: $2,360, 3-bedrooms: $2,790, 4-bedrooms: $5,000. The most common rental property sizes in Lemont, IL are 2-bedroom and 1-bedroom, accounting for 32.0% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,500 |
| Studio Rent | $1,150 | $1,150 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,950 | $2,360 |
| 3 Bed Rent | $2,700 | $2,790 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Lemont, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lemont, IL is 40. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $622,000 | -2.0% |
Listing Count | 113 | -17.0% |
| Listings as % of Homes | 0.7% | -17.0% |
Days on Market | 40 | 19.0% |
Demographics — Lemont, IL
As of the latest ACS Survey released in 2023, Lemont, IL has a population of 24,300, which has increased by 3.6% over the past 5 years. Lemont, IL is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 44.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | 3.6% |
% Under 18 | 23.2% | 6.4% |
% Seniors | 20.9% | 6.1% |
% WFH | 14.8% | 114.5% |
% w/ College Degree | 44.7% | 12.9% |
As of the latest ACS Survey released in 2023, Lemont, IL is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Lemont, IL is hispanic, making up 9.6% of the population. Foreign-born residents account for 15.6% of the population in Lemont, IL, and this percentage has increased by 8.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.7% | -2.8% |
% Black | 1.1% | 0.0% |
% Hispanic | 9.6% | 47.7% |
% Asian | 2.0% | -28.6% |
% Foreign Born | 15.6% | 8.3% |
Mortgage and Risk — Lemont, IL
According to HUD data as of 2023, there were 386 mortgage originations in Lemont, IL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Lemont, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 386 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lemont, IL
As of 2024, the percent of homes in Lemont, IL under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lemont, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,300 | $1,450 |
| 2 Bedroom | -$310 | $1,950 | $1,640 |
| 3 Bedroom | -$590 | $2,700 | $2,110 |
| 4 Bedroom | -$2,530 | $5,000 | $2,470 |
Affordability — Lemont, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $553,000 |
| Median Household Income | $133,000 |