Why Live in Lebanon
Lebanon, NH, is a small town situated between Sanford, ME, and Rochester, NH, known for its close-knit community where residents support each other in times of need. The town is car-dependent, with many residents commuting to the Portsmouth Naval Shipyard in Kittery, located about 27 miles away. U.S. Route 202 connects Lebanon to Rochester, and Portsmouth International Airport is approximately 30 miles away. The town features locally owned restaurants such as The Hen House Cafe, Train’s Tavern, and Darlene’s Pizza and More, which serve as popular gathering spots. Residents often travel to nearby cities for groceries, with Market Basket in Rochester or Sanford being common choices. Lebanon offers various recreational activities, including ATV trails maintained by the Southern Maine ATV Club, Fernald Shore for swimming and picnicking, and Skydive New England for skydiving enthusiasts. The town hosts community events like trunk-or-treat and an Easter egg hunt, with a notable summer bonfire event at Milton Three Ponds. Housing in Lebanon is diverse, with farmhouses dating back to the 18th century, alongside newer constructions such as ranch styles, Cape Cods, Colonial Revivals, and contemporary properties. The town has a low crime risk, safer than the national average, and features homes typically on at least an acre of land. Lebanon is part of the Maine School Administrative District Unit 60, with schools that are highly rated.
Frequently Asked Questions
What is the average home price in Lebanon, ME?
Homes for sale in Lebanon, ME have an average home price of $493,345.
How many homes have sold over the last 12 months in Lebanon, ME?
80 homes have sold in Lebanon, ME over the last 12 months.
What are the most popular zip codes in Lebanon, ME?
How much do you need to make to afford a house in Lebanon?
The median home price in Lebanon is $450,000. If you put a 20% down payment of $90,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,330 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $100K a year to afford the median home price in Lebanon.
How are the schools in Lebanon, ME?
Home Trends in Lebanon, ME
On average, homes in Lebanon, ME sell after 15 days on the market compared to the national average of 50 days. The median sale price for homes in Lebanon, ME over the last 12 months is $455,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$455,000
Median Single Family Sale Price
$475,000
Average Price Per Sq Ft
$317
Number of Homes for Sale
14
Last 12 months Home Sales
80
Median List Price
$450,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%