Lena, IL 61048 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lena, IL—61048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$201,000

7.5% YoY Growth

Household Income

$87,600

63.9% YoY Growth

Days on Market

27.0% Shorter YoY

Home Price Forecast

5.6%

Median Rent

$700

2.8% YoY Growth

1-Bed Rent

$700

6.4% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Lena, IL

As of Dec '25, the median home price in Lena, IL is $201,000, with a year-over-year change of 7.5%. This indicates that home prices in Lena, IL are increasing. According to Zillow, the 1-year price projection is 5.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$201,000	7.5%
Single Family	$198,000	8.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lena, IL

As of July '25, Rentcast reports the average rent in Lena, IL is $700, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Lena, IL is 1-bedrooms: $700. The most common rental property sizes in Lena, IL are 1-bedroom and 2-bedroom, accounting for 39.8% and 33.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$700	$700
Studio Rent	N/A	N/A
1 Bed Rent	$700	$700
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

5.0%

1 Bedroom

39.8%

2 Bedrooms

33.2%

3 Bedrooms

20.3%

4 Bedrooms

1.7%

Property Listings — Lena, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Lena, IL is 55. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$192,000	-15.0%
Listing Count	13	77.0%
Listings as % of Homes	0.5%	77.0%
Days on Market	60	-27.0%

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Demographics — Lena, IL

As of the latest ACS Survey released in 2023, Lena, IL has a population of 3,850, which has remained stable by -0.7% over the past 5 years. Lena, IL is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,850	-0.7%
% Under 18	22.9%	10.6%
% Seniors	26.6%	5.1%
% WFH	10.4%	116.7%
% w/ College Degree	27.6%	54.2%

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As of the latest ACS Survey released in 2023, Lena, IL is a predominantly white area, with 96.8% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Lena, IL is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.6% of the population in Lena, IL, and this percentage has decreased by 57.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	96.8%	-0.4%
% Black	0.1%	-85.7%
% Hispanic	1.0%	-47.4%
% Asian	0.0%	-100.0%
% Foreign Born	0.6%	-57.1%

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Mortgage and Risk — Lena, IL

According to HUD data as of 2023, there were 27 mortgage originations in Lena, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lena, IL. Investor activity is low, as 4.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	27
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	22.0%

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Rentals and Section 8 — Lena, IL

Lena, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$700	$660
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,060
4 Bedroom	N/A	N/A	$1,220

Lena, IL—61048

Key Metrics at a Glance

Home Price Trends — Lena, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lena, IL

% of Rental Stock

Property Listings — Lena, IL

Demographics — Lena, IL

Race and Ethnicity

Mortgage and Risk — Lena, IL

Mortgages

Rentals and Section 8 — Lena, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lena, IL

Home Price to Income Ratio

Lena, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Winslow, IL

Kent, IL

McConnell, IL

Pearl City, IL

Browntown, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.9
Median Home Price	$201,000
Median Household Income	$87,600

Lena, IL—61048

Key Metrics at a Glance

Home Price Trends — Lena, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lena, IL

% of Rental Stock

Property Listings — Lena, IL

Demographics — Lena, IL

Race and Ethnicity

Mortgage and Risk — Lena, IL

Mortgages

Rentals and Section 8 — Lena, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lena, IL

Home Price to Income Ratio

Lena, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Winslow, IL

Kent, IL

McConnell, IL

Pearl City, IL

Browntown, WI

Frequently Asked Questions

What is the average home price in Lena, IL 61048?

How have home prices in Lena, IL 61048 changed over the past year?

What is the home price projection for Lena, IL 61048?

What are the demographics of Lena, IL 61048?

How long does it take homes to sell in Lena, IL 61048?

What is the average rent price in Lena, IL 61048?