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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 $349,282, lower than the Connecticut average of $418,901.
The average cost of rent is $1,550/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 13.67% of households rent, and 41.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $9,187 per month. Households that rent pay about 16.87% of their income on rent here. Lebanon’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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