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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 $325,402, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,076/mo in Lebanon, primarily driven by the current value of real estate in the Lebanon area. In Lebanon, 20.60% of households rent, and 48.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lebanon is $6,338 per month. Households that rent pay about 16.98% of their income on rent here. Lebanon’s most expensive areas are in the western 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
- Pipersville, WI: equally priced homes
- Watertown, WI: less expensive homes
- Ixonia, WI: equally priced homes
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- Old Lebanon, WI: less expensive homes
- Old Ashippun, WI: higher priced homes
- Clyman, WI: less expensive homes
- Neosho, WI: equally priced homes
- Monterey, WI: higher priced homes
- Lac La Belle, WI: higher priced homes
Cities with Similar Populations
- Lake Cherokee, TX: equally priced homes
- Paeonian Springs, VA: higher priced homes
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- Opdyke, IL: less expensive homes
- Oil City, LA: less expensive homes
- Odessa, WA: less expensive homes
- North Guilford, CT: higher priced homes
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