Lebanon Homes under $400,000

Welcome to Lebanon, Missouri—a charming city nestled in the heart of Laclede County. Known for its warm hospitality and rich history, Lebanon offers a unique blend of small-town charm and modern conveniences. With a population of around 14,000 residents, this vibrant community is surrounded by beautiful landscapes, including the scenic Ozark Mountains, making it an outdoor enthusiast's paradise. Enjoy hiking, fishing, and exploring the great outdoors while still being close to urban amenities.

Lebanon is not just about natural beauty; it boasts a strong sense of community with a variety of local events and festivals that bring residents together. From the annual Lebanon Laclede County Fair to the lively farmers' market, there’s always something happening in this welcoming town. The local schools are highly regarded, making Lebanon an excellent choice for families looking to plant roots.

For those searching for affordable housing options, Lebanon has a fantastic selection of homes under $400,000. Whether you’re a first-time homebuyer, looking for a cozy family residence, or seeking an investment property, you’ll find a diverse array of charming homes that fit your budget. From quaint bungalows to spacious family homes, the real estate market in Lebanon offers something for everyone.

Living in Lebanon means enjoying a peaceful lifestyle while still being just a short drive from larger cities like Springfield. With its affordable housing, community spirit, and stunning natural surroundings, Lebanon, MO, is truly a hidden gem waiting to be discovered. Come explore the possibilities and find your dream home in this delightful city!

Newest Lebanon Homes under $400,000

$350,000

2 Beds ⋅ 1 Baths ⋅ 3590287 MLS

Discover the privacy and versatility of this 17-acre property offering a 2-bedroom, 1-bath single-wide home, large detached shop, and multiple additional improvements located in the Joel E Barber School District. The spacious shop features two garage doors, a loft for additional storage or workspace, and plumbing already in place for a bathroom. The property offers both a wood furnace and propane for heating. A private well and lagoon provide essential utilities, while a separate shower house and RV hookups add convenience for guests, recreation, or additional accommodations. The opposite side of the property includes two platted 1-acre lots, each with access to city water, offering potential for future homesites or additional uses. With two access points, a secluded private setting, and no immediate neighbors, this property offers a unique combination of acreage, existing improvements, privacy, and future development potential.

25190 McDonald Drive, Lebanon

$265,000

3 Beds ⋅ 2 Baths ⋅ 3589434 MLS

Enjoy the freedom of country living without giving up everyday convenience! Situated on 1.9 acres just off BB & Highway 5, this 1,600sqft home offers a peaceful setting only 10 minutes from Lebanon & 20 minutes from Camdenton. Located on a quiet dead-end street, the property features 3 beds, 2 baths, hard-surface flooring throughout, and plenty of space both inside & out. With no HOA & no restrictions, you’ll have the flexibility to make the property your own. The large, fenced backyard provides a place for children & pets to play while offering plenty of room for gardening, outdoor entertaining, or even adding the swimming pool. An attached 2-car garage provides convenient parking and additional storage, while the separate carport adds even more versatility. Equipped with a 50-amp electrical hookup & water connection, the carport is ideal for a camper, additional vehicles, or a future workshop area. With nearly two acres, generous parking, a fenced yard, and a location that offers easy access to Hwy 5, this property delivers the space and flexibility that can be difficult to find. Bring your pets, park your recreational vehicles, and enjoy fewer limitations, this one is for you!

30301 Peach Blossom Lane, Lebanon

$324,500

3 Beds ⋅ 2 Baths ⋅ 3588915 MLS

Built in 2023 and thoughtfully designed for easy, comfortable living, this 3BR, 2BA home offers 1,789sq feet of open-concept living space in a convenient location between Lebanon and Camdenton. The spacious kitchen features abundant cabinetry, granite countertops, a large island, and plenty of room to gather, opening directly to the main living area. The primary suite offers a private retreat with a walk-in closet, soaking tub, separate shower, and generous vanity space. Outside, enjoy a low-maintenance yard with an established garden area ready for flowers, vegetables, or whatever you choose to grow. The two-car garage provides additional storage and everyday convenience. Located close to the park and pickleball courts, you'll have recreational opportunities nearby while still being conveniently positioned for easy access to shopping, dining, and everyday amenities while still enjoying the feel of a quieter residential setting. With a recent price improvement and no HOA, this newer home is worth a closer look.

409 Cobb Drive, Lebanon

$89,900

4 Beds ⋅ 3 Baths ⋅ 3587615 MLS

Updated 4-bedroom, 3-bath home offering a functional layout and plenty of versatile space, complete with a 24x24 shop ideal for storage, hobbies, or equipment. Inside, the home blends character and comfort with real wood flooring in the living room, a wood stove, tile flooring throughout the kitchen, hallways, laundry room, and bathrooms, plus knotty pine walls that add warmth and style throughout. A spacious 12x40 addition expanded the home to include a dining area, two additional bedrooms, and an extra bathroom, creating added flexibility for a variety of uses. With multiple living spaces, a dedicated laundry room, and thoughtful updates throughout, this property offers a unique opportunity with plenty of room to fit your needs.

21764 Rice Drive, Lebanon

$122,900

3 Beds ⋅ 1 Baths ⋅ 3587383 MLS

Perfectly positioned in the heart of town, 363 N. Jackson offers convenience, charm, and opportunity all in one. With easy access to everything Lebanon has to offer, this home is ideal for both homeowners and investors alike. The layout features one bedroom on the main level, along with a full bath, laundry room, spacious living area, and a combined kitchen and dining space. Upstairs, you’ll find two additional guest bedrooms, providing flexibility for family, guests, or tenants. Step outside to a large yard with fencing and convenient back alley access perfect for additional parking or entry to the property. Whether you’re searching for your first home or a solid income producing investment, this property is full of potential and ready to be explored! Being Sold AS IS

363 Jackson Avenue, Lebanon

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Listing information is provided courtesy of the Broker Reciprocity/IDX of Bagnell Dam Association of REALTORS® and Lake of the Ozarks Board of REALTORS®, Inc. Multiple Listing Services. Copyright 2026 Multiple Listing Service, Inc. of Bagnell Dam Association of REALTORS® MLS, Inc. and Lake of the Ozarks Board of REALTORS® MLS, Inc. Information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. 2026 RE/MAX Lake of the Ozarks