Lebanon, PA—17042
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lebanon, PA
Home Price Trends — Lebanon, PA
As of Oct '25, the median home price in Lebanon, PA is $294,000, with a year-over-year change of 5.6%. This indicates that home prices in Lebanon, PA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $294,000 | 5.6% |
| Single Family | $296,000 | 6.1% |
| Condos | $260,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $235,000 | 6.3% |
3 Bed | $280,000 | 6.1% |
4 Bed | $449,000 | 4.9% |
| 5 Bed | $496,000 | 4.0% |
% of Housing Stock
Rental Trends — Lebanon, PA
As of July '25, Rentcast reports the average rent in Lebanon, PA is $1,390, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Lebanon, PA is studios: $888, 1-bedrooms: $1,220, 2-bedrooms: $1,550, 3-bedrooms: $1,620, 4-bedrooms: $1,890. The most common rental property sizes in Lebanon, PA are 2-bedroom and 3-bedroom, accounting for 43.6% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,390 |
| Studio Rent | $875 | $888 |
| 1 Bed Rent | $1,180 | $1,220 |
| 2 Bed Rent | $1,650 | $1,550 |
| 3 Bed Rent | $1,600 | $1,620 |
| 4 Bed Rent | $1,900 | $1,890 |
% of Rental Stock
Property Listings — Lebanon, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, PA is 48. This is a decrease of -39.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | 5.0% |
Listing Count | 216 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 48 | -39.0% |
Demographics — Lebanon, PA
As of the latest ACS Survey released in 2023, Lebanon, PA has a population of 39,600, which has increased by 4.1% over the past 5 years. Lebanon, PA is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,600 | 4.1% |
% Under 18 | 22.2% | -1.8% |
% Seniors | 21.2% | 10.4% |
% WFH | 9.1% | 85.7% |
% w/ College Degree | 28.4% | 24.6% |
As of the latest ACS Survey released in 2023, Lebanon, PA is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Lebanon, PA is hispanic, making up 16.2% of the population. Foreign-born residents account for 3.4% of the population in Lebanon, PA, and this percentage has decreased by 47.7% 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 | 76.8% | -3.2% |
% Black | 2.9% | -6.5% |
% Hispanic | 16.2% | 17.4% |
% Asian | 1.3% | -40.9% |
% Foreign Born | 3.4% | -47.7% |
Mortgage and Risk — Lebanon, PA
According to HUD data as of 2023, there were 768 mortgage originations in Lebanon, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Lebanon, PA. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 768 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lebanon, PA
As of 2024, the percent of homes in Lebanon, PA under the Section 8 program is 8.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lebanon, PA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 587 |
Total Units Section 8 | 397 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 79.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,180 | $1,010 |
| 2 Bedroom | -$370 | $1,650 | $1,280 |
| 3 Bedroom | $30 | $1,600 | $1,630 |
| 4 Bedroom | -$170 | $1,900 | $1,730 |
Affordability — Lebanon, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $294,000 |
| Median Household Income | $76,400 |