Home prices
The median home value in Lebanon is $99,800. This is roughly $23,520 (30%) higher compared to the surrounding areas.It is approximately $117,700 (54%) lower in comparison to the nation as a whole, and is roughly $18,300 (15%) lower compared to the city of Springfield.
Rents
Lebanon's median rent is $666 a month. Compared to its surrounding areas it is approximately $43 (6%) higher.In comparison to the nation as a whole it is roughly $396 (37%) lower, and is roughly $78 (10%) lower in comparison to the city of Springfield.
Nearby places
Phillipsburg
Phillipsburg is approximately 10 miles southwest from Lebanon. The real estate prices there are a lot less expensive. The median home in Phillipsburg costs $62,900, which is $36,900 (58%) lower than Lebanon. The rent there is similar. In Phillipsburg the median rent is $687 per month, which is $21 (3%) higher than Lebanon.
Stoutland
Stoutland is roughly 12 miles northeast of Lebanon. Real estate prices there are significantly less expensive. The median home in Stoutland costs $68,300, which works out to $31,500 (46%) lower than Lebanon. Rents there are fairly similar. In Stoutland the median rent is $688 a month, which is $22 (3%) higher than Lebanon.
Conway
Conway is about 14 miles southwest of Lebanon. Real estate prices there are a lot less expensive. The price of the median home in Conway is $70,000, which comes out to $29,800 (42%) lower than Lebanon. Rent there is a bit less expensive. Conway's median monthly rent is $513, which works out to $153 (29%) lower than Lebanon.
Richland
Richland is about 18 miles northeast of Lebanon. Its real estate prices are a bit less expensive. The median home in Richland is valued at $83,700, which works out to $16,100 (19%) lower than Lebanon. The rent there is significantly less expensive. The median monthly rent in Richland is $468, which comes out to $198 (42%) lower than Lebanon.
Buffalo
Buffalo is approximately 20 miles west of Lebanon. Housing prices there are fairly similar. The cost of the median home in Buffalo is $96,500, which comes out to $3,300 (3%) lower than Lebanon. Rent there is a bit more expensive. In Buffalo the median rent is $757 per month, which is $91 (12%) higher than Lebanon.
