The typical owner-occupied home in South Lebanon is worth about $319,200, 49% above the Ohio median of $214,800 and 4% below the national median of $332,700. Owners pay a median $4,147 a year in property taxes, about 1.30% of their home's value, close to the Ohio rate of 1.31%. The median household earns $104,511 a year, so the median home costs 3.1 times the median income (3.0 times for Ohio). 73% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
South Lebanon at a glance
| South Lebanon | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $319,200 | $214,800 | $332,700 |
| Median property tax paid per year | $4,147 | $2,822 | $3,119 |
| Property tax as a share of value | 1.30% | 1.31% | 0.94% |
| Median household income | $104,511 | $71,389 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 69% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,909 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 15.5% | 18.6% | 21.0% |
| Median rent | $1,334 | $1,034 | $1,413 |
| Rent as a share of renters' income | 27.9% | 28.3% | 30.6% |
| Median year homes were built | 2007 | 1970 | 1980 |
| Vacant homes | 6.1% | 8.1% | 10.1% |
| Population | 6,712 | 11,810,293 | 334,922,499 |
What a typical home costs per month in South Lebanon
At this week's average 30-year rate of 7.11%, buying the median South Lebanon home of $319,200 with 20% down costs about $2,197 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,728, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $94,141 for the 20%-down payment. That payment is 25% of the median South Lebanon household income of $104,511; at that income and 20% down, the 28% guideline points to a home of about $354,000.
The median rent here is $1,334 a month, so owning the median home costs about $863 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,840 |
|---|---|
| Loan amount | $255,360 |
| Principal and interest | $1,718 |
| Property taxes (1.30% a year) | $346 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| PMI | $0 |
| Total per month | $2,197 |
Change the numbers in the calculator
| Down payment | $11,172 |
|---|---|
| Loan amount | $313,418 |
| Principal and interest | $2,108 |
| Property taxes (1.30% a year) | $346 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| FHA mortgage insurance | $141 |
| Total per month | $2,728 |
Change the numbers in the calculator
Questions about home buying in South Lebanon
What is the median home value in South Lebanon?
About $319,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Lebanon?
Homeowners pay a median $4,147 a year, which is about 1.30% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in South Lebanon?
For the median home with 20% down at 7.11%, the payment is about $2,197 a month. Keeping that under 28% of gross income takes about $94,141 a year.
More about South Lebanon
- Mortgage Refinance in South Lebanon
- Debt Relief in South Lebanon
- Home Equity Loans in South Lebanon
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data