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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 $157,452, lower than the Ohio average of $236,816.
The average cost of rent is $972/mo in New Lebanon, primarily driven by the current value of real estate in the New Lebanon area. In New Lebanon, 20.08% of households rent, and 32.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Lebanon is $6,013 per month. Households that rent pay about 16.17% of their income on rent here. New Lebanon’s most expensive areas are in the northwestern 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
- Farmersville, OH: higher priced homes
- Ellerton, OH: higher priced homes
- Ingomar, OH: higher priced homes
- Brookville, OH: higher priced homes
- Trotwood, OH: less expensive homes
- Pyrmont, OH: higher priced homes
- Enterprise, OH: higher priced homes
- West Alexandria, OH: higher priced homes
- Germantown, OH: higher priced homes
- Clayton, OH: higher priced homes
Cities with Similar Populations
- Spencer, OK: less expensive homes
- Stanton, MI: equally priced homes
- Stanton, KY: equally priced homes
- Stanfield, NC: higher priced homes
- St. Maries, ID: higher priced homes
- St. Leonard, MD: higher priced homes
- St. Joseph, IL: higher priced homes
- St. James, NC: higher priced homes
- St. James, MN: equally priced homes
- St. Helena, CA: higher priced homes
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