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City · 28,006 residents · Will County, Illinois

New Lenox , Illinois

In New Lenox, a typical home is worth $399,900 and typical rent is $1,431 a month. Compared with all of Will County, typical household income is 28% higher, the typical home value is 25% higher, and the share of households that own their home is 10 points higher.

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  • Typical home value

    $399,900

    25% above the county

    52% above Illinois

    • New Lenox
    • Will
    • Illinois

  • Typical rent

    $1,431a month

    2% below the county

    12% above Illinois

    • New Lenox
    • Will
    • Illinois

  • Typical household income

    $140,865a year

    28% above the county

    69% above Illinois

    • New Lenox
    • Will
    • Illinois

  • Households that own their home

    92%

    10 points above the county

    25 points above Illinois

    • New Lenox
    • Will
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$457,710
3.1% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

New Lenox is in Will County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Will County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets New Lenox apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in New Lenox is $140,865, 28% more than in Will County as a whole ($109,984).

  2. Nearby, in Lockport, the typical home value is $316,000: 21% less than in New Lenox ($399,900).

  3. The typical home in New Lenox is worth $399,900, 25% more than in Will County as a whole ($319,600).

  4. New Lenox has the 21st highest homeownership rate of the 337 cities in Illinois with more than 5,000 people (92%).

  5. Nearby, in Manhattan, the typical rent is $1,213: 15% less than in New Lenox ($1,431).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in New Lenox

What homes there are in New Lenox, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 81% of homes here, against 74% in Will County.

Year built

Here half of the homes date from 1998 or later; in Will County, from 1992 or later.

There is more room for a big family here: 80% of homes have 3 bedrooms or more, against 75% in Will County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,700 a month

Will County: $2,255 a month

Without a mortgage

$1,139 a month

Will County: $971 a month

Owners with a mortgage

72%

Will County: 69%

In New Lenox, 72% of owners have a mortgage, and their typical cost is $2,700 a month, against $2,255 in Will County. Without one it drops to $1,139.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in New Lenox rose 36% since 2015–2019, about the same as in Will County (38%).

Much as in Will County, the typical rent in New Lenox rose 25% since 2015–2019.

While home values in New Lenox changed +36% and rent +25%, the typical household income rose 28%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNew LenoxWill CountyIllinoisUnited States
Rental vacancy Unreliable estimate3.7%5.0%5.5%
Homeowner vacancy Unreliable estimate0.5%1.0%0.9%
More than one person per room Unreliable estimate2.1%2.5%3.4%
People per household 3.052.842.462.53
Drive alone 76%73%66%69%
Carpool 5%8%8%9%
Public transit 3%2%6%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 15%15%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 30 to 39 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 3.05 on average, against 2.84 in Will County.

The car rules in New Lenox: 76% of workers drive to work alone, and the typical trip takes 30 to 39 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in New Lenox?

A typical home is tight for the typical income

We start with a typical home in New Lenox, worth $399,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in New Lenox, which is $140,865 a year. For that payment to be 28% of income, a household would need to earn about $161,856 a year.

The calculator's FHA and conventional loan limits are those of all of Will County.

Your numbers

Local data
$

Starts at the typical home value in New Lenox. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,997 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,777

at 7.18% · 30 years

Loan amount
$392,656
Total interest
$564,940
Paid off in
November 2056

Includes $6,753 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,287 a month

  • Tight

    $3,287 to $4,226 a month

    Your payment · 32%

  • Hard

    more than $4,226 a month

Compared with the typical household income in New Lenox ($140,865 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,777
Principal & interest$2,660
Property tax$773
Home insurance$167
FHA mortgage insurance (MIP)$177

You need at least $13,997 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

New Lenox and Will County

New Lenox is in Will County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

New Lenox's own numbers

Typical home value
$399,900
Typical monthly rent
$1,431
Typical yearly household income
$140,865
Households that own their home
92%
Effective property tax rate
2.32%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Will County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Will County.

Everything about Will County

Buying

Buying a home in New Lenox

A typical home in New Lenox is worth $399,900: 25% above the county and 52% above Illinois. With the typical household income in New Lenox ($140,865 a year), a typical home costs 2.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • New Lenox 2.8 years
  • Will 2.9 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Will County

According to FHFA’s house price index, home prices in Will County rose 79% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Will County.

Period County Illinois U.S.
Last year (2025) +4.6% +5.7% +2.9%
5 years (2020–2025) +53% +47% +47%
10 years (2015–2025) +79% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

New Lenox next to Will County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • New Lenox $399,900
  • Will $319,600
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • New Lenox $1,431
  • Will $1,462
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • New Lenox $140,865
  • Will $109,984
  • Illinois $83,390
  • United States $80,734
See the full table
New Lenox next to Will County and Illinois
Measure New Lenox Will County Illinois U.S.
Typical home value $399,900 $319,600 $263,300 $332,700
Typical monthly rent $1,431 $1,462 $1,274 $1,413
Typical yearly household income $140,865 $109,984 $83,390 $80,734
Households that own their home 92% 83% 67% 65%
Typical yearly property tax $9,276 $7,173 $5,298 $3,119
Effective property tax rate 2.32% 2.24% 2.01% 0.94%
Renters with high rent for their income 53% 51% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Will County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in New Lenox

For a typical $399,900 home in New Lenox, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, New Lenox's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,777a month

    Least cash to close
    Down payment
    $13,997
    Cash to close
    $25,994
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $177

  • Conventional, 5% down $3,703a month

    Down payment
    $19,995
    Cash to close
    $31,992
    Rate
    7.18%
    Mortgage insurance
    PMI · $190

  • Conventional, 20% down, no PMI $3,107a month

    Down payment
    $79,980
    Cash to close
    $91,977
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,477a month

    Down payment
    $59,985
    Cash to close
    $71,982
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for New Lenox and for Will County.

Property tax

Effective rate in New Lenox

2.32%of the home’s value each year

$9,276 a year for the typical owner in New Lenox.

  • New Lenox 2.32%
  • Will 2.24%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Will County

FEMA does not publish these numbers by city: they are for all of Will County.

Homes in the high-risk zone
1.5%
3,291
Of those, with NFIP insurance
23%
County Illinois U.S.
Homes in the high-risk zone 1.5% 1.5% 3.5%
Of those, with NFIP insurance 23% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in New Lenox

Typical rent in New Lenox is $1,431 a month: 2% below the county. In New Lenox, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Will County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.

HUD fair market rent for all of Will County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,678 $32.27 $67,120
1 bedroom $1,780 $34.23 $71,200
2 bedrooms $2,011 $38.67 $80,440
3 bedrooms $2,586 $49.73 $103,440
4 bedrooms $2,954 $56.81 $118,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in New Lenox

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). New Lenox is in ZIP code 60451.

For 2 bedrooms it is $1,870: $141 less than the fair market rent for Will County ($2,011).

  • 60451 $1,870$2,400

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for New Lenox when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in New Lenox

HUD lists one building with rents for lower incomes in New Lenox.

  • Prairie Trail 301 Veterans Pkwy, New Lenox 60451 20 homes, 6 low-income (815) 485-6197

See all 43 buildings in Will County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in New Lenox

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Will County; 1 says it serves in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in New Lenox

No down payment, repair or rent-help program on our list is for New Lenox or Will County. The ones below are statewide in Illinois: they work in New Lenox the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near New Lenox

The HUD-approved agencies closest to the center of New Lenox, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Will County Center for Community Concerns

    2455 Glenwood Ave, Joliet · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (815) 722-0722

  • South Suburban Housing Center

    18220 Harwood Ave, Homewood · 16 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (708) 957-4674

  • Respond Now, Inc.

    1439 Emerald Ave, Chicago Heights · 17 miles away

    • Budget and financial counseling
    • Homelessness services
    • and 1 more
    (708) 755-4357

Every agency in Will County All counseling agencies in Illinois

Help in Spanish near New Lenox

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of New Lenox

In HUD’s record, no housing authority with an office in Will County is named for New Lenox or Will County.

One other authority has an office in Will County: see the list Source: HUD

Cities

Other cities in Will County

These cities are also in Will County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Will County Housing in Illinois
See 5 more cities in Will County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to New Lenox, with the typical home value.

Neighboring counties

If Will County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in New Lenox.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about New Lenox

Short answers with the numbers for New Lenox and all of Will County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in New Lenox?

The typical home value in New Lenox is $399,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Will County it is $319,600.

How much does it cost to rent in New Lenox?

Typical rent in New Lenox is $1,431 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Will County is $2,011.

What is the FHA loan limit in New Lenox?

New Lenox uses the FHA limit for all of Will County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in New Lenox?

The typical homeowner in New Lenox pays $9,276 a year, according to the U.S. Census Bureau. That is 2.32% of the home’s value; in Will County, the rate is 2.24%.

Where can I find free help to buy or rent in New Lenox?

There is 1 HUD-approved counseling agency with an office in Will County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).