Lemont, IL

Lemont is a small town located in Cook County, Illinois. The population was 10,827 at the 2010 census. Lemont is home to many businesses and attractions, including the Lemont Public Library and the Lemont Historical Museum.

Real estate in Lemont is a popular investment for those looking for a suburban lifestyle with easy access to major metropolitan areas. The median sale price of homes in Lemont was $157,000 in 2016, which is well below the statewide median of $269,000 but still above the national median of $146,500. Despite this lower median price point, there are still plenty of properties available for purchase or lease in Lemont. In fact, there were 2,948 active listings as of March 2017.

One reason why real estate in Lemont may be more affordable than other areas is that it has a low population density. There are only 1,711 people per square mile in Lemont compared to 2,560 people per square mile statewide and 3,710 people per square mile nationwide. This lack of density allows for larger lots and fewer homes on each property lot which can lead to lower prices and less competition among buyers.

Another reason why real estate may be more affordable in Lemont than elsewhere is that it does not have many large commercial or industrial complexes nearby that could drive up prices for commercial property or land used for industrial purposes. Instead, most businesses and factories are located outside of town near highways and other major transportation corridors. This lack of proximity to large commercial centers also makes it easier for homebuyers to find quality neighborhoods without having to compete with developers who may be seeking higher profits by building larger properties with multiple units or apartments instead of single-family homes.