Total monthly cost of ownership
Cost to Own a Home in Lebanon, Kentucky
A $130,000 home here costs
$1,145per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $668. The real number is $477 higher every month — 71% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lebanon against Marion County and Kentucky
| Measure | Lebanon | Marion County |
|---|---|---|
| Median home value | $130,100 | $158,700 |
| Median property tax | $1,168 | $1,124 |
| Effective tax rate | 0.898% | 0.708% |
| Median gross rent | $702 | $731 |
| Population | 6,364 | 19,680 |
The weather behind that power bill
Lebanon sits in Marion County, which averages a high of 87.8°F in its hottest month and a low of 24.1°F in its coldest, with 52.4" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,174 cooling and 4,560 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
No other places of this size are published in Marion County.
Full Marion County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Lebanon?
A $130,000 home in Lebanon, Kentucky costs approximately $1,145 per month with 20% down at 6.66%. That is $668 principal and interest, $97 property tax, $68 homeowners insurance, $203 utilities and $108 set aside for maintenance.
What is the property tax rate in Lebanon?
Lebanon has an effective property tax rate of 0.898%, based on a median home value of $130,100 and median real estate taxes of $1,168. That is higher than the Marion County average of 0.708%.
What is the average home price in Lebanon?
The median owner-occupied home value in Lebanon, Kentucky is $130,100, against $158,700 across Marion County.
Is it cheaper to rent or buy in Lebanon?
Median gross rent in Lebanon is $702 a month, against $1,145 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lebanon — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Kentucky.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.