Market Overview
Home Prices in Lebanon, IL
The median home value in Lebanon, IL is $175,481 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.6% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lebanon are priced57% below average. Lebanon is part of the St. Louis, MO-IL metro area.
Over the past five years, Lebanon home values have risen by approximately18.9%, reflecting steady appreciation in this market.
Price History
Lebanon Home Price Trend
City Comparison
Lebanon vs. National Median
At $175,481, homes in Lebanon cost 57% below the national median of $410,000. This makes Lebanon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lebanon?
20% Down Payment
$35,096
on $175,481
Monthly P&I
$915/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,162/mo
incl. taxes & insurance
Income Needed
$46,480
gross annual (30% rule)
10% Down Option
$17,548
+ PMI applies
Loan Amount (20% dn)
$140,385
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lebanon, IL?
The median home value in Lebanon is $175,481 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.6% year-over-year.
How much have home prices changed in Lebanon?
Over the past year, home values in Lebanon have decreased by 2.6%. Over five years, prices have risen approximately 18.9%.
How much do I need to earn to buy a home in Lebanon?
To comfortably afford the median home price of $175,481 with a 20% down payment ($35,096) at today's rates (6.8%), you'd need a gross annual income of approximately $46,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lebanon compare to the national average home price?
The national median home value is approximately $410,000. At $175,481, homes in Lebanon are 57% below the national average.
What metro area is Lebanon part of?
Lebanon is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.