Lebanon, CT—06249
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lebanon, CT
As of Oct '25, the median home price in Lebanon, CT is $404,000, 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 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $404,000 | 11.4% |
| Single Family | $404,000 | 11.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $331,000 | 12.6% |
3 Bed | $401,000 | 11.1% |
4 Bed | $490,000 | 11.9% |
| 5 Bed | $520,000 | 10.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lebanon, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, CT is 35. This is a decrease of -44.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $437,000 | 10.0% |
Listing Count | 27 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 35 | -44.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lebanon, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $404,000 |
| Median Household Income | $107,000 |