A typical Lebanon home is worth roughly $224,000
What kind of housing town is Lebanon?
Read from the numbers below. The page puts what stands out first.
97% of Lebanon households own their home
Half of Lebanon’s homes were built before 1938.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 2.8 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Lebanon home, with $92K to spare.
A two-bedroom rents for about $1,040 a month here, $280 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lebanon’s typical property tax (0.80% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,040
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lansing-East Lansing, MI MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Lebanon vs. its neighbors
Lebanon is the 2nd priciest of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Lebanon | $224K* | — | $1,040 | $80,313 |
| Essex | $211K* | +7.6%† | $1,070 | $71,488 |
| North Plains | $184K* | — | $1,080 | $60,724 |
| Dallas | $212K* | — | $1,040 | $84,200 |
| Lyons | $263K | +8.7% | $1,150 | $75,294 |
| North Shade | $177K* | — | $1,040 | $71,250 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Lebanon buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.