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These days, finding an affordable place to live in the Mount Lebanon area can be challenging. Home prices in Mount Lebanon are now at a median cost of $176,622, lower than the Tennessee average of $315,131.
The average cost of rent is $666/mo in Mount Lebanon, primarily driven by the current value of real estate in the Mount Lebanon area. In Mount Lebanon, 18.28% of households rent, and 41.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Lebanon is $3,989 per month. Households that rent pay about 16.71% of their income on rent here. Mount Lebanon’s most expensive areas are in the eastern 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
- Pea Ridge, TN: higher priced homes
- Deerfield, TN: equally priced homes
- Weakly, TN: less expensive homes
- Crewstown, TN: equally priced homes
- Ovilla, TN: less expensive homes
- Long Branch, TN: equally priced homes
- Westpoint, TN: higher priced homes
- Lawrenceburg, TN: higher priced homes
- Meadowview, TN: less expensive homes
- Flatwoods, TN: higher priced homes
Cities with Similar Populations
- Indian Pass, FL: higher priced homes
- Kirksey, SC: less expensive homes
- Kempton, IL: less expensive homes
- Kanaranzi, MN: higher priced homes
- Kampeska, SD: equally priced homes
- Jerrys Run, WV: higher priced homes
- Java Village, NY: higher priced homes
- Jakeville, MN: higher priced homes
- Ivory, NY: less expensive homes
- Ita, NC: less expensive homes
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