Land and home values in New Lenox, IL
New Lenox is a village in Will County, Illinois, home to about 28,006 people. Residential land runs about $9.26 per sq ft, the typical home is worth about $469,000, and a 2-bedroom rents for about $1,510 a month, as of October 12, 2026.
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| Land: residential | $9.26 | per sq ft |
| Land: residential | $403,278 | per acre |
| Land: quarter-acre lot | $100,820 | 10,890 sq ft |
| Home: typical (median) | $469,000 | value |
| Home: entry-level | $325,000 | lower quartile |
| Home: upper-end | $486,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,340 | per month |
| Rent: 2-bedroom | $1,510 | per month |
| Rent: 3-bedroom | $1,940 | per month |
| Rent: 4-bedroom | $2,240 | per month |
| Gross yield, 2-bed | 3.9% | a year |
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Questions people ask
How much is land worth in New Lenox, IL?
Residential land in New Lenox, IL is about $9.26 per square foot, or $403,278 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $100,820. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in New Lenox, IL?
The typical (median) home in New Lenox, IL is worth about $469,000, with entry-level homes around $325,000 and upper-end homes around $486,000, as of October 2026.
How much is rent in New Lenox, IL?
A 2-bedroom rents for about $1,510 a month in New Lenox, IL, a 1-bedroom about $1,340 and a 3-bedroom about $1,940 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.