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 $154,950, lower than the Indiana average of $175,617.
The average cost of rent is $867/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. While nearly 28.28% of residents own their homes outright in Lebanon, 28.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $5,612 per month. Households that rent pay about 15.45% of their income on rent here. Lebanon's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
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Cities with Similar Populations
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- Jenkintown, PA: higher priced homes
- Lakeland North, WA: higher priced homes
- Louisville, OH: equally priced homes
- Madison, IN: equally priced homes
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