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These days, finding an affordable place to live in the Lebanon area can be challenging. Home prices in Lebanon are now at a median cost of $111,493, lower than the Arkansas average of $207,061.
The average cost of rent is $700/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 13.15% of households rent, and 51.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $3,688 per month. Households that rent pay about 18.98% of their income on rent here. Lebanon’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Provo, AR: equally priced homes
- Dierks, AR: equally priced homes
- Burg, AR: higher priced homes
- Red Wing, AR: equally priced homes
- Center Point, AR: equally priced homes
- Geneva, AR: equally priced homes
- Gillham, AR: less expensive homes
- Umpire, AR: higher priced homes
- Pullman, AR: less expensive homes
- Mineral, AR: less expensive homes
Cities with Similar Populations
- Robinson Corner, NH: higher priced homes
- Nashaquitsa, MA: higher priced homes
- Nashville, NY: higher priced homes
- Nebo, WV: equally priced homes
- Neboville, TN: equally priced homes
- Neelysville, OH: higher priced homes
- Neill, OK: higher priced homes
- Nekoma, ND: less expensive homes
- New Hagerstown, OH: higher priced homes
- Newark, GA: higher priced homes
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