The Most Affordable Neighborhoods in Rising Sun-Lebanon, Magnolia, DE by Home Value

 

Rising Sun-Lebanon, Magnolia, DE Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Rising Sun-Lebanon area can be challenging. Home prices in Rising Sun-Lebanon are now at a median cost of $373,164, lower than the Magnolia average of $377,450.

The average cost of rent is $1,711/mo in Rising Sun-Lebanon, primarily driven by the current value of real estate in the Rising Sun-Lebanon area. In Rising Sun-Lebanon, 34.45% of households rent, and 15.81% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Rising Sun-Lebanon is $9,492 per month. Households that rent pay about 18.02% of their income on rent here. Rising Sun-Lebanon’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the neighborhood.

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


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