Home Price Key
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Average
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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 $159,500, lower than the Indiana average of $175,617.
The average cost of rent is $986/mo in New Lebanon, primarily driven by the current value of real estate in the New Lebanon area. While nearly 48.66% of residents own their homes outright in New Lebanon, 10.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Lebanon is $6,021 per month. Households that rent pay about 16.38% of their income on rent here. New Lebanon's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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Cities with Similar Populations
- Forest Grove, MT: equally priced homes
- Thompson, MI: equally priced homes
- Thomas, SD: higher priced homes
- Thiry Daems, WI: higher priced homes
- Freidberger, MI: less expensive homes
- Frederick, IL: equally priced homes
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- Four Point, TN: less expensive homes
- Foster Creek, NC: equally priced homes
- Foster City, MI: less expensive homes
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