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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 $112,500, lower than the South Dakota average of $268,202.
The average cost of rent is $1,008/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 16.30% of households rent, and 75.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $6,500 per month. Households that rent pay about 15.51% of their income on rent here. Lebanon’s most expensive areas are in the central 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
- Lucas, SD: equally priced homes
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- Seneca, SD: higher priced homes
- Gettysburg, SD: higher priced homes
- Onaka, SD: less expensive homes
- Sanner, SD: equally priced homes
Cities with Similar Populations
- Pennsville, OH: equally priced homes
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- Pine City, AR: less expensive homes
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- Phillipston, PA: higher priced homes
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- Persimmon, KY: higher priced homes
- Perronville, MI: higher priced homes
- Perdido Key, FL: higher priced homes
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