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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 $211,171, lower than the Indiana average of $232,932.
The average cost of rent is $972/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 27.90% of households rent, and 35.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $6,053 per month. Households that rent pay about 16.05% of their income on rent here. Lebanon’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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- Louisville, OH: equally priced homes
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