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Lanark, IL Home Values and Rents
The typical home value in Lanark is $330,664, 592nd highest of 696 cities and towns in Illinois. Median rent is $819 a month.
- Typical home value
- $330,664
- 592nd of 696 in IL
- Median rent
- $819/mo
- ACS 2020-2024
- Price change, 1 year
- +8.9%
- Sep 2026
- Homeownership
- 78.6%
- IL: 67.1%
Typical home value in Lanark
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Lanark |
|---|---|
| Sep 2026 | $330,664 |
| Dec 2025 | $312,800 |
| Dec 2024 | $294,782 |
| Dec 2023 | $270,639 |
| Dec 2022 | $272,265 |
| Dec 2021 | $242,439 |
| Dec 2020 | $208,905 |
| Dec 2019 | $194,660 |
| Dec 2018 | $188,899 |
| Dec 2017 | $184,298 |
| Dec 2016 | $187,290 |
| Dec 2015 | $179,740 |
| Dec 2014 | $176,456 |
| Dec 2013 | $178,847 |
| Dec 2012 | $176,957 |
Over five years, Lanark prices changed +40.6%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Carroll County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $749 | +0.1% |
| 1 bedroom | $754 | +0.3% |
| 2 bedrooms | $930 | +1.5% |
| 3 bedrooms | $1,207 | -0.3% |
| 4 bedrooms | $1,453 | -0.3% |
Frequently asked questions
- What is the typical home value in Lanark, IL?
- The typical home value in Lanark is $330,664 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Lanark?
- The median rent in Lanark is $819 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $930.
- Are home prices going up in Lanark?
- The typical home value in Lanark changed +8.9% over one year and +40.6% over five years, as of Sep 2026.
- How does Lanark compare with the rest of Illinois?
- Lanark has the 592nd highest median home value of 696 cities and towns with 1,000+ residents in Illinois.