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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 $389,639, lower than the New Hampshire average of $417,591.
The average cost of rent is $1,805/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 50.57% of households rent, and 39.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $8,340 per month. Households that rent pay about 21.64% of their income on rent here. Lebanon’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Lebanon, NH: equally priced homes
- Etna, NH: higher priced homes
- Hanover, NH: higher priced homes
- White River Junction, VT: less expensive homes
- Mascoma, NH: less expensive homes
- North Hartland, VT: equally priced homes
- West Canaan, NH: less expensive homes
- Enfield, NH: equally priced homes
- Hanover Center, NH: higher priced homes
- Meriden, NH: higher priced homes
Cities with Similar Populations
- Rising Sun, MD: equally priced homes
- Lake Alfred, FL: less expensive homes
- Lake Arbor, MD: equally priced homes
- Laurel, FL: equally priced homes
- Lincoln University, PA: higher priced homes
- Lincoln Village, OH: less expensive homes
- Linthicum, MD: equally priced homes
- Prince Frederick, MD: higher priced homes
- Princeton, IN: less expensive homes
- Rainbow City, AL: less expensive homes
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