The Most Affordable Neighborhoods in New Lebanon, MO by Home Value

 

New Lebanon, MO Map of Most Affordable Neighborhoods
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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 $114,668, lower than the Missouri average of $194,908.

The average cost of rent is $589/mo in New Lebanon, primarily driven by the current value of real estate in the New Lebanon area. While nearly 51.73% of residents own their homes outright in New Lebanon, 29.95% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Lebanon is $3,964 per month. Households that rent pay about 14.87% of their income on rent here. New Lebanon's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.


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