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Lebanon

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

Median Home$359,330
Median Rent$1,347/month
Population42,142
Leading IndustriesFinance & Insurance · Information & Media · Transportation7% finance & insurance
Home Value Growth⬆⬆+15.3% over 2 years
Young Adults33% of residentswell above average
Homeowners67% of occupied units
NotableAmenity Score68/100 · highly walkable area
Lebanon
TN

Frequently Asked Questions

What are today's mortgage rates in Lebanon?

As of today, the 30-year fixed mortgage rate for Lebanon is approximately 6.869% (6.904% 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 $359k. The median monthly rent is $1,347. Annual property taxes average $2k. 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 15.3% 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 $1,337/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lebanon is $77k/year.

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What industries drive the economy in Lebanon?

The largest employment sectors in Lebanon are public administration (21%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.