Home Price Key
Affordable
Average
Expensive
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 $162,662, lower than the Pennsylvania average of $222,630.
The average cost of rent is $964/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. While nearly 39.07% of residents own their homes outright in Lebanon, 31.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $5,447 per month. Households that rent pay about 17.69% 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.
Nearby Cities
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- Mount Gretna Heights, PA: equally priced homes
Cities with Similar Populations
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- Dearborn Heights, MI: equally priced homes
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- Manhattan, KS: higher priced homes
- Goldsboro, NC: less expensive homes
- Bay City, MI: less expensive homes
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