January's First-Time Homebuyer Report for Lennox

With 22,753 residents, Lennox is a larger than average city in California. Also, with a 3.6% decrease over the last 10 years, its population is shrinking slower than other parts of the state. Keep in mind, most people in Lennox are renters, with 67.1% of the population renting their home. The top school in the city is Lennox Mathematics, Science, and Technology Academ.

Price Range

The housing prices of Lennox are close to the state average with a median home value of $278,900 and a current average list price of $420,356. The Lennox market has established a confirmed upward trend, even as sales fell 20.0% this week to four homes over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Lennox:

$310K   $379K   $340K  

Typical Dwelling

The typical dwelling in Lennox is a three-bedroom detached home worth about $434,325. To purchase a similar home, a buyer with good credit and a $86,865 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,737 monthly payment. The property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out Lennox homes for sale or reviewing Lennox real estate trends.


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Century 21 Realty Masters
Snapped 5 homes in this area
Gotham Properties Int'l
Snapped 1 home in this area

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