Lebanon, CT 06249 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lebanon, CT—06249

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$399,000

11.4% YoY Growth

Household Income

$107,000

11.3% YoY Growth

Days on Market

44.0% Shorter YoY

Home Price Forecast

3.8%

Median Rent

$1,600

28.8% YoY Growth

1-Bed Rent

$2,000

N/A

2-Bed Rent

$1,600

N/A

3-Bed Rent

N/A

Home Price Trends — Lebanon, CT

As of Dec '25, the median home price in Lebanon, CT is $399,000, with a year-over-year change of 11.4%. This indicates that home prices in Lebanon, CT are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$399,000	11.4%
Single Family	$400,000	11.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lebanon, CT

As of July '25, Rentcast reports the average rent in Lebanon, CT is $1,780, with a year-over-year rent change of -28.8%. Per bedroom, the median rent as of July '25 in Lebanon, CT is 1-bedrooms: $2,000, 2-bedrooms: $1,800, 4-bedrooms: $1,500. The most common rental property sizes in Lebanon, CT are 1-bedroom and 2-bedroom, accounting for 40.9% and 33.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,780
Studio Rent	N/A	N/A
1 Bed Rent	$2,000	$2,000
2 Bed Rent	$1,600	$1,800
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,500	$1,500

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% of Rental Stock

1 Bedroom

40.9%

2 Bedrooms

33.8%

3 Bedrooms

21.7%

4 Bedrooms

3.7%

Property Listings — Lebanon, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Lebanon, CT is 47. This is a decrease of -38.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$598,000	22.0%
Listing Count	20	9.0%
Listings as % of Homes	0.4%	9.0%
Days on Market	38	-44.0%

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Demographics — Lebanon, CT

As of the latest ACS Survey released in 2023, Lebanon, CT has a population of 7,140, which has decreased by -1.6% over the past 5 years. Lebanon, CT is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 37.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,140	-1.6%
% Under 18	18.9%	-5.0%
% Seniors	20.5%	19.2%
% WFH	21.1%	197.2%
% w/ College Degree	37.4%	-2.3%

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As of the latest ACS Survey released in 2023, Lebanon, CT is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Lebanon, CT is hispanic, making up 4.7% of the population. Foreign-born residents account for 4.8% of the population in Lebanon, CT, and this percentage has increased by 92.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.1%	-2.4%
% Black	0.0%	-100.0%
% Hispanic	4.7%	104.3%
% Asian	0.3%	-81.2%
% Foreign Born	4.8%	92.0%

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Mortgage and Risk — Lebanon, CT

According to HUD data as of 2023, there were 132 mortgage originations in Lebanon, CT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Lebanon, CT. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	132
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Lebanon, CT

Lebanon, CT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	16
Total Units Section 8	16
% Rentals under Section 8	3.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$670	$2,000	$1,330
2 Bedroom	$140	$1,600	$1,740
3 Bedroom	N/A	N/A	$2,300
4 Bedroom	$1,380	$1,500	$2,880

Lebanon, CT—06249

Key Metrics at a Glance

Home Price Trends — Lebanon, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon, CT

% of Rental Stock

Property Listings — Lebanon, CT

Demographics — Lebanon, CT

Race and Ethnicity

Mortgage and Risk — Lebanon, CT

Mortgages

Rentals and Section 8 — Lebanon, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon, CT

Home Price to Income Ratio

Lebanon, CT — ZIP Code Boundary Map

Nearby ZIP Codes

South Windham, CT

Willimantic, CT

Columbia, CT

Franklin, CT

Bozrah, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$399,000
Median Household Income	$107,000

Lebanon, CT—06249

Key Metrics at a Glance

Home Price Trends — Lebanon, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon, CT

% of Rental Stock

Property Listings — Lebanon, CT

Demographics — Lebanon, CT

Race and Ethnicity

Mortgage and Risk — Lebanon, CT

Mortgages

Rentals and Section 8 — Lebanon, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon, CT

Home Price to Income Ratio

Lebanon, CT — ZIP Code Boundary Map

Nearby ZIP Codes

South Windham, CT

Willimantic, CT

Columbia, CT

Franklin, CT

Bozrah, CT

Frequently Asked Questions

What is the average home price in Lebanon, CT 06249?

How have home prices in Lebanon, CT 06249 changed over the past year?

What is the home price projection for Lebanon, CT 06249?

What are the demographics of Lebanon, CT 06249?

How long does it take homes to sell in Lebanon, CT 06249?

What is the average rent price in Lebanon, CT 06249?