New Lenox, IL — Momentum Score, Home Values & Best-For

All states·Illinois·New Lenox

Will County · Chicago-Naperville-Elgin · population 28,480

Investors
New Lenox, IL
Image: Wikipedia · New Lenox, Illinois
OverviewCost of livingMoving guide
View watchlist →
74
Rising
Momentum score · 0–100

Where New Lenox stands

At or near all-time high. averaging 7.8% annual growth over 5 years.

Median home $452,006
1-year +3.3%
5-yr CAGR +7.8%
vs 5-yr peak -0.1%
Population +1.1%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-03$452k$242k$318k$394k$471k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
75/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

How the momentum score breaks down

methodology →
Home YoY
67 · w22%
Home 5-yr CAGR
78 · w22%
Distance from peak
89 · w18%
Population growth
67 · w16%
Home 10-yr CAGR
66 · w10%
Long thesis

New Lenox has averaged 7.8% annual appreciation over five years and the trend is still live (+3.3% in the last 12 months). When a momentum trade keeps working, the simplest explanation is usually correct: more people want in.

Short thesis

New Lenox's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About New Lenox

New Lenox is a city in Will County, Illinois, with an estimated population of 28,480. It anchors the Chicago-Naperville-Elgin metro area. The population grew 1.1% annually from 2020 to 2024, a moderate gain. The median home value in New Lenox is $452,006 as of 2026-04, up 3.3% over the last 12 months. Over the last five years, home values have averaged +7.8% annual growth, with prices at or near the 5-year peak. The composite momentum score is 74 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Healthy 5-year run: +7.8% annualized over 5 years, outpacing US inflation.
●Quiet strength: +3.3% over the trailing year — not a melt-up, but the market is bid.
●Net positive migration: population up 1.1% per year — demand fundamentals are intact.
●Held the highs: currently -0.1% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About New Lenox (Wikipedia)

New Lenox is a village in central Will County, Illinois, United States. It is a Southwest suburb of Chicago. The village population was 27,214 as of the 2020 census. New Lenox has schools like Lincoln-Way West High School, Providence Catholic High School, and Lincoln-Way Central High School.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Will County right now.

NWS active alerts (IL)Illinois Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Will County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like New Lenox

Algonquin, IL73 · RisingNorth Aurora, IL74 · RisingCrystal Lake, IL73 · RisingLake in the Hills, IL71 · Rising

Run the numbers for New Lenox

ToolCan I afford New Lenox?Income → city shortlistToolROI on a New Lenox rentalCap rate, cash-on-cash, DSCRToolCompare New Lenox to anywhereSide-by-side up to 3 citiesToolNew Lenox cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
33° / 18°
avg high / low
Summer (Jul)
85° / 64°
avg high / low
Sunny days/yr
189
~52% of year
Annual precip
38″ rain
22″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Very low
Earthquake
Low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Chicago-Naperville-Elgin area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current New Lenox listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
71%
Humid climate
Median household income
$78,400
Illinois state median
Top industries (state-level)
FinanceManufacturingHealthcare

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

Cities similar to New Lenox

Explore other places with comparable momentum or affordability.

See all Illinois cities →    Browse best-of lists →