The typical owner-occupied home in Lemont is worth about $385,600, 52% above the Pennsylvania median of $254,500 and 16% above the national median of $332,700. Owners pay a median $4,074 a year in property taxes, about 1.06% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $101,526 a year, so the median home costs 3.8 times the median income (3.3 times for Pennsylvania). 77% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Lemont at a glance
| Lemont | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $385,600 | $254,500 | $332,700 |
| Median property tax paid per year | $4,074 | $3,311 | $3,119 |
| Property tax as a share of value | 1.06% | 1.30% | 0.94% |
| Median household income | $101,526 | $77,971 | $80,734 |
| Homes lived in by their owners | 77% | 69% | 65% |
| Owner homes with a mortgage | 71% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,959 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 19.4% | 21.0% |
| Median rent | $1,481 | $1,209 | $1,413 |
| Rent as a share of renters' income | 40.1% | 29.2% | 30.6% |
| Median year homes were built | 1987 | 1965 | 1980 |
| Vacant homes | 14.6% | 9.2% | 10.1% |
| Population | 2,076 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Lemont
At this week's average 30-year rate of 7.11%, buying the median Lemont home of $385,600 with 20% down costs about $2,576 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,219, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $110,419 for the 20%-down payment. That payment is 30% of the median Lemont household income of $101,526; at that income and 20% down, the 28% guideline points to a home of about $355,000.
The median rent here is $1,481 a month, so owning the median home costs about $1,095 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $77,120 |
|---|---|
| Loan amount | $308,480 |
| Principal and interest | $2,075 |
| Property taxes (1.06% a year) | $341 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| PMI | $0 |
| Total per month | $2,576 |
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| Down payment | $13,496 |
|---|---|
| Loan amount | $378,616 |
| Principal and interest | $2,547 |
| Property taxes (1.06% a year) | $341 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| FHA mortgage insurance | $171 |
| Total per month | $3,219 |
Change the numbers in the calculator
Questions about home buying in Lemont
What is the median home value in Lemont?
About $385,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lemont?
Homeowners pay a median $4,074 a year, which is about 1.06% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lemont?
For the median home with 20% down at 7.11%, the payment is about $2,576 a month. Keeping that under 28% of gross income takes about $110,419 a year.
More about Lemont
- Mortgage Refinance in Lemont
- Debt Relief in Lemont
- Home Equity Loans in Lemont
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data