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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 $326,261, lower than the Maine average of $330,167.
The average cost of rent is $1,396/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 3.30% of households rent, and 39.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $7,804 per month. Households that rent pay about 17.89% of their income on rent here. Lebanon’s most expensive areas are in the western 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
- East Lebanon, ME: equally priced homes
- North Lebanon, ME: equally priced homes
- Milton, NH: equally priced homes
- Tatnic, ME: higher priced homes
- Rochester, NH: less expensive homes
- Emery Mills, ME: equally priced homes
- Farmington, NH: less expensive homes
- Berwick, ME: higher priced homes
- Springvale, ME: less expensive homes
- Sanford, ME: less expensive homes
Cities with Similar Populations
- Heyburn, ID: equally priced homes
- Wheatland, WY: less expensive homes
- Harrisville, RI: higher priced homes
- Hawkinsville, GA: less expensive homes
- Hawthorne, FL: less expensive homes
- Headland, AL: less expensive homes
- Hearne, TX: less expensive homes
- Hebron, CT: higher priced homes
- Hebron, OH: less expensive homes
- Heflin, AL: less expensive homes
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