Housing in Lanark, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$307,818
Lanark vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lanark is highlighted.
Median Home Value
19th%ilemost expensive$97,100show rank
Median Rent
28th%ilemost expensive rent$781show rank
Rent Burden
19th%ilehighest rent burden14.1%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$97,100
Median Rent
$781
Total Housing Units
738
Vacancy Rate
13.0%
Owner Occupied
81.0%
Renter Occupied
19.0%
Median Property Tax
$1,773
per year
Monthly Cost (w/ Mortgage)
$591
Housing Types
Single Family91.3%
Multi-Family7.9%
Mobile Home0.8%
The median home value in Lanark, IL is $97,100. According to Zillow, the home value index for Lanark is $307,818. The median rent is $781 per month (Census ACS). About 81.0% of housing units are owner-occupied. The median year homes were built is 1944. There are 738 total housing units.