Lebanon, ME—04027
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lebanon, ME
As of Oct '25, the median home price in Lebanon, ME is $399,000, with a year-over-year change of 6.7%. This indicates that home prices in Lebanon, ME are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $399,000 | 6.7% |
| Single Family | $399,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $444,000 | 3.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lebanon, ME
As of July '25, Rentcast reports the average rent in Lebanon, ME is $2,400, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Lebanon, ME is 3-bedrooms: $2,400. The most common rental property sizes in Lebanon, ME are 3-bedroom and 2-bedroom, accounting for 51.2% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lebanon, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, ME is 61. This is a increase of 35.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -12.0% |
Listing Count | 17 | 72.0% |
| Listings as % of Homes | 0.2% | 72.0% |
Days on Market | 61 | 35.0% |
Demographics — Lebanon, ME
As of the latest ACS Survey released in 2023, Lebanon, ME has a population of 6,570, which has increased by 5.4% over the past 5 years. Lebanon, ME is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 13.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,570 | 5.4% |
% Under 18 | 25.7% | 7.1% |
% Seniors | 12.6% | -9.4% |
% WFH | 15.6% | 300.0% |
% w/ College Degree | 13.3% | -10.7% |
As of the latest ACS Survey released in 2023, Lebanon, ME is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Lebanon, ME is asian, making up 1.0% of the population. Foreign-born residents account for 0.3% of the population in Lebanon, ME, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.2% | -4.1% |
% Black | 0.0% | N/A |
% Hispanic | 0.5% | 66.7% |
% Asian | 1.0% | 66.7% |
% Foreign Born | 0.3% | -66.7% |
Mortgage and Risk — Lebanon, ME
According to HUD data as of 2023, there were 151 mortgage originations in Lebanon, ME, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lebanon, ME. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 151 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Lebanon, ME
Lebanon, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,540 |
| 2 Bedroom | N/A | N/A | $1,900 |
| 3 Bedroom | $110 | $2,400 | $2,510 |
| 4 Bedroom | N/A | N/A | $2,760 |
Affordability — Lebanon, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $399,000 |
| Median Household Income | $97,300 |