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Lebanon city, IL

ZIP 62254 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62254

Median Home Value
$196,600
Median Rent
$924
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,263/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 62254 in Lebanon city, IL, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,263. That sits below the local median household income ($89,500), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
69.1%+6% vs US avg
x
Vacancy Rate
12.9%+25% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
10.7%-28% vs US avg
x
Built Pre-1939
6.8%-47% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
5.3%-89% vs US avg
x
Mortgage-Free
37.9%-1% vs US avg
x
$196,600
Home Value
$924
Rent
1993
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached60.9%
  • 1-unit attached11.2%
  • 2-9 units15.7%
  • 10+ units7.5%
  • Mobile home & other4.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$196,600
Median rent$924
Owner-occupied69.1%
Vacant12.9%
Price-to-income2.2x
Est. income to buy$54,000