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These days, finding an affordable place to live in the Lenox area can be challenging. Home prices in Lenox are now at a median cost of $117,292, lower than the Iowa average of $226,062.
The average cost of rent is $929/mo in Lenox, primarily driven by the current value of real estate in the Lenox area. In Lenox, 23.41% of households rent, and 45.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lenox is $5,413 per month. Households that rent pay about 17.16% of their income on rent here. Lenox’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stringtown, IA: higher priced homes
- Sharpsburg, IA: higher priced homes
- Clearfield, IA: higher priced homes
- Kent, IA: higher priced homes
- Conway, IA: equally priced homes
- Prescott, IA: higher priced homes
- Corning, IA: equally priced homes
- Gravity, IA: higher priced homes
- Cromwell, IA: higher priced homes
- Diagonal, IA: higher priced homes
Cities with Similar Populations
- Troy, KS: higher priced homes
- Grand Coteau, LA: higher priced homes
- Grand Junction, TN: equally priced homes
- Great Valley, NY: equally priced homes
- Greenwood, MI: higher priced homes
- Gregory, SD: higher priced homes
- Groton, SD: higher priced homes
- Hill City, KS: less expensive homes
- Hinton, IA: higher priced homes
- Horatio, AR: higher priced homes
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