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 $174,964, lower than the Missouri average of $246,641.

The average cost of rent is $820/mo in New Lebanon, primarily driven by the current value of real estate in the New Lebanon area. In New Lebanon, 15.85% of households rent, and 49.38% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Lebanon is $5,077 per month. Households that rent pay about 16.15% of their income on rent here. New Lebanon’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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