Home Price Key
Affordable
Average
Expensive
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 $199,551, lower than the Illinois average of $242,002.
The average cost of rent is $1,291/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. While nearly 29.43% of residents own their homes outright in Lebanon, 21.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $7,438 per month. Households that rent pay about 17.35% of their income on rent here. Lebanon's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
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Cities with Similar Populations
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