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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 $608,296, higher than the New Jersey average of $496,577.
The average cost of rent is $2,332/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 13.21% of households rent, and 34.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $14,042 per month. Households that rent pay about 16.61% of their income on rent here. Lebanon’s most expensive areas are in the northern 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
- Cedar Heights, NJ: higher priced homes
- Annandale, NJ: equally priced homes
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- Clinton, NJ: less expensive homes
- Whitehouse, NJ: less expensive homes
- Califon, NJ: equally priced homes
- Lamington, NJ: higher priced homes
- Jutland, NJ: less expensive homes
Cities with Similar Populations
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