Lebanon Borough, NJ 08833 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lebanon Borough, NJ—08833

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$720,000

1.6% YoY Growth

Household Income

$164,000

16.8% YoY Growth

Days on Market

27.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$2,500

0.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,430

5.7% YoY Growth

3-Bed Rent

$3,000

19.4% YoY Growth

Home Price Trends — Lebanon Borough, NJ

As of Dec '25, the median home price in Lebanon Borough, NJ is $720,000, with a year-over-year change of 1.6%. This indicates that home prices in Lebanon Borough, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$720,000	1.6%
Single Family	$736,000	1.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lebanon Borough, NJ

As of July '25, Rentcast reports the average rent in Lebanon Borough, NJ is $3,310, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Lebanon Borough, NJ is 2-bedrooms: $2,430, 3-bedrooms: $3,000, 4-bedrooms: $5,650. The most common rental property sizes in Lebanon Borough, NJ are 2-bedroom and 1-bedroom, accounting for 69.4% and 18.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$3,310
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,430	$2,430
3 Bed Rent	$3,000	$3,000
4 Bed Rent	$5,500	$5,650

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% of Rental Stock

Studio

0.6%

1 Bedroom

18.6%

2 Bedrooms

69.4%

3 Bedrooms

11.4%

Property Listings — Lebanon Borough, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Lebanon Borough, NJ is 44. This is a decrease of -14.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$787,000	-1.0%
Listing Count	30	4.0%
Listings as % of Homes	0.7%	4.0%
Days on Market	68	-27.0%

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Demographics — Lebanon Borough, NJ

As of the latest ACS Survey released in 2023, Lebanon Borough, NJ has a population of 8,770, which has increased by 4.3% over the past 5 years. Lebanon Borough, NJ is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 58.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,770	4.3%
% Under 18	19.2%	3.8%
% Seniors	22.5%	13.1%
% WFH	25.1%	85.9%
% w/ College Degree	58.6%	-0.8%

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As of the latest ACS Survey released in 2023, Lebanon Borough, NJ is a predominantly white area, with 90.1% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Lebanon Borough, NJ is hispanic, making up 5.6% of the population. Foreign-born residents account for 13.7% of the population in Lebanon Borough, NJ, and this percentage has increased by 71.3% 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	90.1%	-0.9%
% Black	0.2%	0.0%
% Hispanic	5.6%	43.6%
% Asian	1.8%	-57.1%
% Foreign Born	13.7%	71.3%

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Mortgage and Risk — Lebanon Borough, NJ

According to HUD data as of 2023, there were 42 mortgage originations in Lebanon Borough, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Lebanon Borough, NJ. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	42
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Lebanon Borough, NJ

Lebanon Borough, NJ lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	10
Total Units Section 8	10
% Rentals under Section 8	1.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,790
2 Bedroom	-$180	$2,430	$2,250
3 Bedroom	-$270	$3,000	$2,730
4 Bedroom	-$2,500	$5,500	$3,000

Lebanon Borough, NJ—08833

Key Metrics at a Glance

Home Price Trends — Lebanon Borough, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon Borough, NJ

% of Rental Stock

Property Listings — Lebanon Borough, NJ

Demographics — Lebanon Borough, NJ

Race and Ethnicity

Mortgage and Risk — Lebanon Borough, NJ

Mortgages

Rentals and Section 8 — Lebanon Borough, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon Borough, NJ

Home Price to Income Ratio

Lebanon Borough, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Annandale, NJ

Whitehouse Station, NJ

High Bridge, NJ

Califon, NJ

Clinton, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$720,000
Median Household Income	$164,000

Lebanon Borough, NJ—08833

Key Metrics at a Glance

Home Price Trends — Lebanon Borough, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon Borough, NJ

% of Rental Stock

Property Listings — Lebanon Borough, NJ

Demographics — Lebanon Borough, NJ

Race and Ethnicity

Mortgage and Risk — Lebanon Borough, NJ

Mortgages

Rentals and Section 8 — Lebanon Borough, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon Borough, NJ

Home Price to Income Ratio

Lebanon Borough, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Annandale, NJ

Whitehouse Station, NJ

High Bridge, NJ

Califon, NJ

Clinton, NJ

Frequently Asked Questions

What is the average home price in Lebanon Borough, NJ 08833?

How have home prices in Lebanon Borough, NJ 08833 changed over the past year?

What is the home price projection for Lebanon Borough, NJ 08833?

What are the demographics of Lebanon Borough, NJ 08833?

How long does it take homes to sell in Lebanon Borough, NJ 08833?

What is the average rent price in Lebanon Borough, NJ 08833?