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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 $211,400, lower than the Pennsylvania average of $288,156.
The average cost of rent is $889/mo in New Lebanon, primarily driven by the current value of real estate in the New Lebanon area. In New Lebanon, 18.30% of households rent, and 52.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Lebanon is $5,938 per month. Households that rent pay about 14.97% of their income on rent here. New Lebanon’s most expensive areas are in the central 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
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Cities with Similar Populations
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