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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 $176,847, lower than the South Carolina average of $296,593.
The average cost of rent is $1,162/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 14.95% of households rent, and 57.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $4,134 per month. Households that rent pay about 28.11% of their income on rent here. Lebanon’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Monticello, SC: less expensive homes
- Winnsboro, SC: less expensive homes
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- Jenkinsville, SC: less expensive homes
- Salem Crossroads, SC: less expensive homes
- Douglass, SC: less expensive homes
- Woodward, SC: less expensive homes
- Strother, SC: less expensive homes
- Dawkins, SC: less expensive homes
- Simpson, SC: equally priced homes
Cities with Similar Populations
- Somerville, ME: higher priced homes
- Limehill, PA: higher priced homes
- Lincoln, IA: higher priced homes
- Lincolnville, PA: less expensive homes
- Lineville, IA: less expensive homes
- Little Rock, MN: less expensive homes
- Shawtown, OH: equally priced homes
- Smithshire, IL: less expensive homes
- Snedekerville, PA: higher priced homes
- Snipesville, GA: equally priced homes
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