Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lebanon, New Hampshire.
Median Home Price
$385K
Population
14K
Avg Monthly Rent
$1,550
Property Tax Rate
2.09% *
* Property tax shown is the New Hampshire state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Lebanon.
Lebanon vs New Hampshire Median
The median home price in Lebanon is $385,000, which is 10% below the New Hampshire state median of $430,000.
Mortgage Calculator — Lebanon, NH
Pre-filled with Lebanon median home price and New Hampshire tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $385K home using New Hampshire's 2.09% tax rate and $1,400/yr insurance.
5% Down
$3,312/mo
Down: $19,250
Loan: $366K
P&I: $2,312
Tax: $671
Insurance: $117
PMI: $213
10% Down
$3,179/mo
Down: $38,500
Loan: $347K
P&I: $2,190
Tax: $671
Insurance: $117
PMI: $202
20% Down (No PMI)
$2,734/mo
Down: $77,000
Loan: $308K
P&I: $1,947
Tax: $671
Insurance: $117
Income needed (28% rule): $117K/year with 20% down, $136K/year with 10% down.
Rent vs Buy in Lebanon
Rent
$1,550/mo
vs
Buy (10% down)
$3,179/mo
Price-to-rent ratio: 20.7 — At a ratio above 20, renting may be more economical in Lebanon for shorter stays. Buying costs $1,629 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Lebanon is $385,000, 10% below the New Hampshire state median of $430,000. With a population of 14,282, Lebanon is a smaller market where home prices tend to be more accessible than in many parts of New Hampshire.
Property taxes in New Hampshire average 2.09% annually. This higher-than-average tax rate means a $385,000 home in Lebanon would carry roughly $671/month in property taxes alone — plan accordingly. Homeowners insurance in New Hampshire runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Lebanon is $1,550/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Lebanon presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Lebanon.