Lebanon, PA—17046
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 $249,000, with a year-over-year change of 6.6%. This indicates that home prices in Lebanon, PA are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 6.6% |
| Single Family | $250,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 5.9% |
3 Bed | $254,000 | 7.2% |
4 Bed | $312,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lebanon, PA
As of July '25, Rentcast reports the average rent in Lebanon, PA is $1,220, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Lebanon, PA is studios: $925, 1-bedrooms: $1,030, 2-bedrooms: $1,290, 3-bedrooms: $1,280, 4-bedrooms: $1,520. The most common rental property sizes in Lebanon, PA are 3-bedroom and 2-bedroom, accounting for 31.4% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,220 |
| Studio Rent | $925 | $925 |
| 1 Bed Rent | $995 | $1,030 |
| 2 Bed Rent | $1,250 | $1,290 |
| 3 Bed Rent | $1,300 | $1,280 |
| 4 Bed Rent | $1,540 | $1,520 |
% 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 105. This is a increase of 370.0% from last year, suggesting that homes are sitting on the market longer 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 | $421,000 | 6.0% |
Listing Count | 94 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 105 | 370.0% |
Demographics — Lebanon, PA
As of the latest ACS Survey released in 2023, Lebanon, PA has a population of 31,700, which has increased by 2.9% over the past 5 years. Lebanon, PA is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 12.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,700 | 2.9% |
% Under 18 | 22.9% | -8.8% |
% Seniors | 18.8% | 20.5% |
% WFH | 7.2% | 188.0% |
% w/ College Degree | 12.3% | 10.8% |
As of the latest ACS Survey released in 2023, Lebanon, PA is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Lebanon, PA is hispanic, making up 34.2% of the population. Foreign-born residents account for 8.2% of the population in Lebanon, PA, and this percentage has increased by 49.1% 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 | 59.9% | -6.1% |
% Black | 2.4% | -36.8% |
% Hispanic | 34.2% | 7.5% |
% Asian | 1.3% | 18.2% |
% Foreign Born | 8.2% | 49.1% |
Mortgage and Risk — Lebanon, PA
According to HUD data as of 2023, there were 481 mortgage originations in Lebanon, PA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Lebanon, PA. Investor activity is low, as 7.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 481 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lebanon, PA
As of 2024, the percent of homes in Lebanon, PA under the Section 8 program is 20.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 1,193 |
Total Units Section 8 | 979 |
% Rentals under Section 8 | 20.8% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$35 | $995 | $960 |
| 2 Bedroom | -$30 | $1,250 | $1,220 |
| 3 Bedroom | $250 | $1,300 | $1,550 |
| 4 Bedroom | $110 | $1,540 | $1,650 |
Affordability — Lebanon, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $249,000 |
| Median Household Income | $59,600 |