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New Lebanon Local

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

Median Home$183,888
Median Rent$981/month
Population6,796
Leading IndustriesEducation · Finance & Insurance · Wholesale Trade4% education
Home Value Growth⬆⬆+14.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
New Lebanon Local
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in New Lebanon Local?

As of today, the 30-year fixed mortgage rate for New Lebanon Local is approximately 6.975% (7.017% 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 New Lebanon Local?

The median home value in New Lebanon Local is $184k. The median monthly rent is $981. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Lebanon Local?

Home values in New Lebanon Local have increased 14.0% 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 New Lebanon Local?

Based on a typical all-in ownership cost of $1,053/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Lebanon Local is $75k/year.

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What industries drive the economy in New Lebanon Local?

The largest employment sectors in New Lebanon Local are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.