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Lebanon

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

Median Home$245,632
Median Rent$1,244/month
Population144,186
Leading IndustriesTransportation · Finance & Insurance · Information & Media3% transportation
Home Value Growth⬆⬆+17.2% over 2 years
Retirees20% of residentsslightly above average
Homeowners71% of occupied units
NotableTransit79/100 · excellent transit access
NotableVeteran Community8% of residents · top 28% nationally
Lebanon

Frequently Asked Questions

What are today's mortgage rates in Lebanon?

Mortgage rates for Lebanon are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Lebanon?

The median home value in Lebanon is $246k. The median monthly rent is $1,244. 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 17.2% 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 $1,161/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lebanon is $80k/year.

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What industries drive the economy in Lebanon?

The largest employment sectors in Lebanon are public administration (25%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.