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Lebanon

Learn about the people, housing, costs and businesses in Lebanon, Ohio

Median Home$305,346
Median Rent$1,095/month
Population21,692
Leading IndustriesRetail · Arts, Food & Hospitality · Professional Services19% retail
Home Value Growth⬆⬆+16.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners63% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Lebanon
OH

Frequently Asked Questions

What are today's mortgage rates in Lebanon?

As of today, the 30-year fixed mortgage rate for Lebanon is approximately 6.916% (6.953% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lebanon?

The median home value in Lebanon is $305k. The median monthly rent is $1,095. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lebanon?

Home values in Lebanon have increased 16.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lebanon?

Based on a typical all-in ownership cost of $1,348/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lebanon is $92k/year.

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What industries drive the economy in Lebanon?

The largest employment sectors in Lebanon are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.