Mortgage Rates in Lebanon, Missouri — March 2026
Updated March 2026 | Based on Lebanon market data and regional lending conditions
Lebanon is a growing city in Missouri with a population of 14,474. The current 30-year fixed mortgage rate in Lebanon is 6.62%, which is 0.03% below the national average. With a median home price of $161,000 and a 20% down payment of $32,200, homebuyers can expect a monthly principal and interest payment of approximately $824.
Current Mortgage Rates in Lebanon, MO
Below are the current average mortgage rates available in the Lebanon area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Lebanon Housing Market Overview
The Lebanon housing market offers relatively affordable housing compared to many major cities. The median household income in Lebanon is $54,800, and the cost of living index is 83.8 (national average = 100). Based on the 28% affordability rule, the median income in Lebanon is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Lebanon
Based on the median home price of $161,000 with 20% down ($32,200), here is what you can expect to pay monthly in Lebanon:
15-Year vs. 30-Year Mortgage in Lebanon
Choosing a 15-year mortgage in Lebanon at 5.89% instead of a 30-year at 6.62% would save you $102,420 in total interest over the life of the loan. However, your monthly payment would be $1,079 instead of $824 — an increase of $255 per month.
Calculate Your Lebanon Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Lebanon
What are the current mortgage rates in Lebanon, MO?
As of March 2026, the average 30-year fixed mortgage rate in Lebanon, Missouri is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Lebanon?
Based on the median home price of $161,000 with 20% down, the estimated monthly mortgage payment in Lebanon is $824 for principal and interest. Including property taxes of $127/month, the total monthly housing cost is approximately $951.
What income do I need to buy a home in Lebanon?
Using the 28% rule, you would need an annual income of approximately $40,757 to afford the median-priced home in Lebanon at $161,000. The median household income in Lebanon is $54,800. The median income is currently sufficient to meet this threshold.
Is Lebanon a good place to buy a home in 2026?
Lebanon offers a below-average cost of living with a cost of living index of 83.8 (national average = 100). The property tax rate in Missouri is 0.95%, which is near the national average. Lebanon has a population of 14,474 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lebanon, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.