Lebanon, Indiana was founded back in 1830 by two men who served in the Indiana Militia.
Adam Frenh is the man who named the city. After seeing a cluster of hickory trees that he believed looked like the Cedars of Lebanon from the Bible, he decided that Lebanon would be the city’s name.
To help the town flourish when it first started, a road was built that went from Indianapolis to Lafayette. This improved transportation options and the growth of the city.
Today, Lebanon is home to rich history with several parks and building attractions. One of the most historic buildings is the Cragun House. It was built in 1893 and is now a tourist destination with many of the original families’ belongings still kept inside from their travels.
Lebanon hosts several festivals throughout the year.
According to Niche, the population of the city is 17,196 people with 32% of the population renting.
If you are looking to purchase a home in Lebanon, the median home value is $145,100, and if you are looking to rent, the average rental cost is $822. A household median income in the city is around $58,412.
The city of Lebanon is known to be #33 of 116 for the best suburb for young professionals in the state and #46 of 116 for suburbs with the lowest cost of living in Indiana.
It’s ranked #47 out of 291 for best school districts for athletes in the state and #80 out of 291 for districts with the best teachers in Indiana. For academics, reading proficiency is at 49% and math is at 52% based on state test scores.
Lebanon is a growing city with a lot of potential for new and experienced investors. It is in one of the fastest-growing counties in Indiana, Boone County.
With all of the attractions that the city offers from parks, historical buildings, and festivals, it’s a great location for renters looking for a city with events and things to do in Indiana. Lebanon also offers a low cost of living that several renters are looking for.
T&H Realty is working with Owner Clients to add Lebanon rental properties to their portfolios. If you are interested in finding properties in that area, our brokerage would be more than happy to help you purchase a property.