Lebanon Borough, NJ—08833
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lebanon Borough, NJ
As of Oct '25, the median home price in Lebanon Borough, NJ is $724,000, with a year-over-year change of 1.7%. This indicates that home prices in Lebanon Borough, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $724,000 | 1.7% |
| Single Family | $739,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $413,000 | 2.2% |
3 Bed | $618,000 | 3.2% |
4 Bed | $855,000 | 2.4% |
| 5 Bed | $1,270,000 | 2.2% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lebanon Borough, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon Borough, NJ is 47. This is a decrease of -18.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $732,000 | -18.0% |
Listing Count | 41 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 47 | -18.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lebanon Borough, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $724,000 |
| Median Household Income | $164,000 |