Quick facts: Lebanon, TN

Quick Facts

99.5
Cost of Living
below US average
44,166
Population
20.56
Crime Rate per 1000
below US average
$63,698
Median Income
below US average
$499,000
Median House Price
above US average
$2507.65
Average Rent
above US average
9%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $63,698.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $63,698
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Income Needed to Rent

⚠ Stretch
$107k/year
Based on $2507.65/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $107k vs median $63,698
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lebanon, TN

Lebanon, Tennessee, is a charming city located in Wilson County, about 30 miles east of Nashville. Known for its rich history and vibrant community, Lebanon serves as a hub for agriculture and commerce in the region. The town boasts a significant population of around 35,000 residents and offers a mix of suburban living with a small-town feel. Lebanon features a variety of recreational activities, highlighted by parks such as the beautiful Don Fox Community Park and the picturesque Cedars of Lebanon State Park, which provides opportunities for hiking, camping, and wildlife observation. The city is also home to a thriving arts scene, with the Wilson County Expo Center hosting numerous events throughout the year. Culturally, Lebanon embraces its heritage with landmarks like the Lebanon Historic District, showcasing antebellum architecture and local museums. The city is often celebrated for its Southern hospitality and community spirit, making it an attractive destination for visitors and a delightful place for residents to call home. With its convenient access to the nearby Nashville metropolitan area, Lebanon continues to grow as a desirable location for families and businesses alike.

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