Market Overview
Home Prices in New Lebanon, OH
The median home value in New Lebanon, OH is $199,896 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Lebanon are priced51% below average. New Lebanon is part of the Dayton-Kettering, OH metro area.
Over the past five years, New Lebanon home values have risen by approximately36.1%, reflecting strong long-term appreciation in this market.
Price History
New Lebanon Home Price Trend
City Comparison
New Lebanon vs. National Median
At $199,896, homes in New Lebanon cost 51% below the national median of $410,000. This makes New Lebanon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Lebanon?
20% Down Payment
$39,979
on $199,896
Monthly P&I
$1,043/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,325/mo
incl. taxes & insurance
Income Needed
$53,000
gross annual (30% rule)
10% Down Option
$19,990
+ PMI applies
Loan Amount (20% dn)
$159,917
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 New Lebanon, OH?
The median home value in New Lebanon is $199,896 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in New Lebanon?
Over the past year, home values in New Lebanon have increased by 5.2%. Over five years, prices have risen approximately 36.1%.
How much do I need to earn to buy a home in New Lebanon?
To comfortably afford the median home price of $199,896 with a 20% down payment ($39,979) at today's rates (6.8%), you'd need a gross annual income of approximately $53,000. This assumes keeping total housing costs at or below 30% of gross income.
How does New Lebanon compare to the national average home price?
The national median home value is approximately $410,000. At $199,896, homes in New Lebanon are 51% below the national average.
What metro area is New Lebanon part of?
New Lebanon is part of the Dayton-Kettering, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.