Homes for Sale in Lebanon, TN Under $400,000 (2025 Market Update)
Buying a home in Lebanon, Tennessee, doesn’t mean you have to sacrifice quality or location. As the market grows and inventory shifts, homes under $400,000 are still available — but buyers need to move quickly and work with a local expert who understands this area.
Here’s what you can expect to find in 2025 if you’re house-hunting in Lebanon on a $400K budget.
1. The Market Snapshot for 2025
As of fall 2025, the median home price in Lebanon sits around $480,000, which means listings under $400,000 are considered a strong value in today’s market.
• Most homes in this range are 3-bedroom, 2-bath single-family homes or newer townhomes.
• Inventory is slightly higher than last year, giving buyers more options but not much time — well-priced homes still move fast.
2. Popular Neighborhoods with Homes Under $400K
Spence Creek:
Located just west of Lebanon, this established neighborhood continues to offer great resale value with community amenities and easy access to I-40.
Richmond Hills:
Known for its larger lots and quiet streets, Richmond Hills has a mix of traditional homes that often fall within the mid-$300s to low-$400s.
StoneBridge:
While most of StoneBridge trends above $400K, you can occasionally find smaller townhomes and starter homes near that mark — perfect for first-time buyers wanting community perks and a prime location.
Downtown Lebanon Area:
Older homes and renovated properties near the square can still be found under $400K, especially if you’re open to a little updating or character-filled spaces.
3. What to Expect at This Price Point
Homes under $400K in 2025 often include:
• 1,500–2,000 square feet
• Modern kitchens and updated bathrooms
• Suburban lots or small communities with HOA amenities
• Some homes with bonus rooms or small fenced yards
Buyers can still find move-in-ready options — but if you’re patient, even a light fixer-upper can provide great long-term equity.
4. Pro Tips for Buying in This Range
✅ Get pre-approved early. Homes under $400K attract the most competition.
✅ Look slightly outside city limits. Just a few miles out can save thousands.
✅ Work with a local agent. They’ll know where off-market listings and new builds are hitting first.
✅ Be flexible. The perfect home might need small updates — but the value is worth it.
FAQ: Buying a Home in Lebanon Under $400K
Are homes under $400K still available in Lebanon?
Yes, but they move quickly. Working with a local REALTOR® helps you find listings before they’re gone.
Is $400K a good budget for first-time buyers?
Absolutely — this range gives buyers access to several great neighborhoods, newer builds, and even some small acreage properties.
Can I find new construction under $400K?
Yes — especially on the outskirts of Lebanon and in neighboring communities like Watertown or Gladeville.
Final Thoughts
Homes under $400,000 remain one of the best opportunities in Lebanon’s market. With strong schools, growing infrastructure, and easy Nashville access, this area continues to offer value that’s hard to find anywhere else in Middle Tennessee.
If you’re ready to start your home search, connect with one of our featured local REALTORS® who specialize in finding affordable options right here in Wilson County.