Rent to own Homes in Lebanon, IN
On March 1, 1830, General James Drake and Colonel George L. Kinnard founded a town on three tracts of land. Over 184 years later, their "City of Promise" has evolved into the "Friendly City," a bustling community of just over 22,000 people. Lebanon is located just outside of Indianapolis and is known for its rich history and its sense of tradition. Move here to enjoy small town charm with a short drive to the city.
Lebanon, IN is a great place for affordable rent-to-own homes! With a median household income of over $54,160 and a median rent of $782, the Lebanon, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lebanon, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lebanon, IN Property Resources
Rent to own Homes in Cities Near Lebanon, IN
- Advance
- Amo
- Avon
- Beech Grove
- Brooklyn
- Brownsburg
- Camby
- Carmel
- Cicero
- Clayton
- Clermont
- Crows Nest
- Danville
- Fishers
- Greenwood
- Homecroft
- Indianapolis
- Jamestown
- Kirklin
- Lawrence
- Lebanon
- Lizton
- Meridian Hills
- Monrovia
- Mooresville
- Noblesville
- North Crows Nest
- North Salem
- Pittsboro
- Plainfield
- Rocky Ripple
- Sheridan
- Southport
- Speedway
- Spring Hill
- Thorntown
- Ulen
- Warren Park
- Westfield
- Whitestown
- Williams Creek
- Wynnedale
- Zionsville
Neighborhoods in Lebanon, IN
No neighborhoods foundPopular Zip Codes in Lebanon, IN
46052 rent to own homesBuying a Home in Lebanon, IN
Lebanon, IN is seeing rapid growth and Lebanon, IN's' housing market remains optimal with an average home price that is -38% below the 2024 national average. Lebanon, IN is part of Boone county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Boone is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Lebanon, IN
Median Rent in Lebanon, IN
Top 6 Reasons to Live in Lebanon, IL
Affordable home purchases! As of this year, homes in this small city cost an average of $113,000. Some of the best deals can be found near W Chicago Street, and in the east, near Ulen Boulevard.
Highly sought-after properties! Currently, only 5 percent of the homes in Lebanon are available for rent or purchase. While affordable, there aren't many vacancies, so rent to own houses are a highly sought-after commodity. After a day of house hunting, hungry visitors can eat French cuisine at the Bijou Restaurant just south of the Courthouse or get traditional diner fare at Sigler's Restaurant, a former 1800s bank.
Enjoy the great outdoors! Families who visit the "Friendly City" might enjoy a stroll through Abner Longley Park, where the famous Indianapolis Symphony Orchestra plays. Abner Longley Park also hosts a number of attractions, including Halloween, Independence Day, and sports events, as does Lebanon Memorial Park. The 40-acre recreational area is dedicated to the veterans of World War I. In September, the park hosts exciting civil war re-enactments and pioneer demonstrations.
Get your fill of Lebanon history! For the history lovers, Lebanon has carefully preserved several landmarks built over a century ago. The Boone County Courthouse is one such landmark, built in 1912. It's in the center of Lebanon and home to the largest limestone pillars in the world. The Cragun Home, built in 1893, doubles as a museum and the headquarters for the Boone County Historical Society.
Enjoy some rich entertainment! Art and music enthusiasts can fall in love with Lebanon's historic theater. Having started as a milk factory in 1913, the Theatre at the Milk Building has transformed into a center for the arts. Backstage, the show continues with preserved vintage movie posters, artifacts, and even a rare 1975 Bricklin vehicle. You'll also love the annual Symphony at Sunset performance by the Indianapolis Symphony Orchestra held at Abner Longley Park every 4th of July.
Do some downtown shopping! For a bit of shopping, drive downtown to the Downtown Connersville Historic District and take a walk through the memorable Fayette County Courthouse Square.