Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Lebanon area can be challenging. Home prices in New Lebanon are now at a median cost of $224,170, lower than the Illinois average of $242,002.
The average cost of rent is $1,159/mo in New Lebanon, primarily driven by the current value of real estate in the New Lebanon area. While nearly 34.19% of residents own their homes outright in New Lebanon, 25.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Lebanon is $7,504 per month. Households that rent pay about 15.44% of their income on rent here. New Lebanon's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Genoa, IL: less expensive homes
- Hampshire, IL: higher priced homes
- Burlington, IL: higher priced homes
- Union, IL: higher priced homes
- Kingston, IL: equally priced homes
- Marengo, IL: equally priced homes
- North Plato, IL: higher priced homes
- Starks, IL: higher priced homes
- Pingree Grove, IL: higher priced homes
- Sycamore, IL: equally priced homes
Cities with Similar Populations
- Dixie Inn, LA: less expensive homes
- Dresserville, NY: less expensive homes
- Dresden, TX: less expensive homes
- Dresden, GA: less expensive homes
- Doylesville, KY: less expensive homes
- Douglas, OK: less expensive homes
- Doss, MO: less expensive homes
- Donation, PA: less expensive homes
- Doland, SD: less expensive homes
- Venice, UT: equally priced homes
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