Market Overview
Home Prices in Lebanon Borough, NJ
The median home value in Lebanon Borough, NJ is $749,153 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% 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 Borough are priced83% above average. Lebanon Borough is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Lebanon Borough home values have risen by approximately30.5%, reflecting strong long-term appreciation in this market.
Price History
Lebanon Borough Home Price Trend
City Comparison
Lebanon Borough vs. National Median
At $749,153, homes in Lebanon Borough cost 83% above the national median of $410,000. Buyers in Lebanon Borough should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lebanon Borough?
20% Down Payment
$149,831
on $749,153
Monthly P&I
$3,907/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,962/mo
incl. taxes & insurance
Income Needed
$198,480
gross annual (30% rule)
10% Down Option
$74,915
+ PMI applies
Loan Amount (20% dn)
$599,322
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 Borough, NJ?
The median home value in Lebanon Borough is $749,153 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Lebanon Borough?
Over the past year, home values in Lebanon Borough have increased by 2.2%. Over five years, prices have risen approximately 30.5%.
How much do I need to earn to buy a home in Lebanon Borough?
To comfortably afford the median home price of $749,153 with a 20% down payment ($149,831) at today's rates (6.8%), you'd need a gross annual income of approximately $198,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lebanon Borough compare to the national average home price?
The national median home value is approximately $410,000. At $749,153, homes in Lebanon Borough are 83% above the national average.
What metro area is Lebanon Borough part of?
Lebanon Borough is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.