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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 $167,176, lower than the Oklahoma average of $210,566.
The average cost of rent is $1,013/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 24.10% of households rent, and 65.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $5,213 per month. Households that rent pay about 19.43% of their income on rent here. Lebanon’s most expensive areas are in the northeastern 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
- Powell, OK: higher priced homes
- McMillan, OK: equally priced homes
- Tyler, OK: equally priced homes
- Oakland, OK: equally priced homes
- Willis, OK: higher priced homes
- Shay, OK: higher priced homes
- Madill, OK: less expensive homes
- Sherwood Shores, TX: equally priced homes
- Gordonville, TX: higher priced homes
- Kingston, OK: higher priced homes
Cities with Similar Populations
- Rutland, IL: less expensive homes
- Lovell, PA: less expensive homes
- Luis Lopez, NM: equally priced homes
- Lumbull, AL: less expensive homes
- Lynchburg, MO: equally priced homes
- Romance, WV: higher priced homes
- Rosedale, WV: equally priced homes
- Roundhead, OH: less expensive homes
- Roundhill, AL: less expensive homes
- Ruple, LA: less expensive homes
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