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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 $360,333, higher than the Ohio average of $236,816.
The average cost of rent is $1,149/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 27.40% of households rent, and 28.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $9,055 per month. Households that rent pay about 12.69% 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.
Nearby Cities
- Red Lion, OH: higher priced homes
- Hageman, OH: higher priced homes
- Otterbein, OH: equally priced homes
- South Lebanon, OH: less expensive homes
- Dodds, OH: less expensive homes
- Oregonia, OH: equally priced homes
- Kings Mills, OH: higher priced homes
- Oakland, OH: higher priced homes
- Morrow, OH: equally priced homes
- Senior, OH: less expensive homes
Cities with Similar Populations
- Daphne, AL: equally priced homes
- Clemmons, NC: equally priced homes
- West Hills, CA: higher priced homes
- Burien, WA: higher priced homes
- Ossining, NY: higher priced homes
- Opelousas, LA: less expensive homes
- Oxford, MS: higher priced homes
- Pace, FL: less expensive homes
- Paramus, NJ: higher priced homes
- Parkland, FL: higher priced homes
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