Lebanon, OH—45036
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lebanon, OH
As of Oct '25, the median home price in Lebanon, OH is $398,000, with a year-over-year change of 3.2%. This indicates that home prices in Lebanon, OH are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 3.2% |
| Single Family | $412,000 | 3.3% |
| Condos | $272,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | 1.9% |
3 Bed | $352,000 | 3.8% |
4 Bed | $515,000 | 3.0% |
| 5 Bed | $696,000 | 3.3% |
% of Housing Stock
Rental Trends — Lebanon, OH
As of July '25, Rentcast reports the average rent in Lebanon, OH is $2,250, with a year-over-year rent change of 17.2%. Per bedroom, the median rent as of July '25 in Lebanon, OH is 2-bedrooms: $1,440, 3-bedrooms: $2,440, 4-bedrooms: $3,810. The most common rental property sizes in Lebanon, OH are 2-bedroom and 1-bedroom, accounting for 57.7% and 18.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,440 |
| 3 Bed Rent | $2,280 | $2,440 |
| 4 Bed Rent | $3,900 | $3,810 |
% of Rental Stock
Property Listings — Lebanon, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, OH is 52. This is a increase of 30.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $464,000 | -8.0% |
Listing Count | 163 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 52 | 30.0% |
Demographics — Lebanon, OH
As of the latest ACS Survey released in 2023, Lebanon, OH has a population of 43,300, which has increased by 13.2% over the past 5 years. Lebanon, OH is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,300 | 13.2% |
% Under 18 | 23.7% | 11.8% |
% Seniors | 14.7% | 16.7% |
% WFH | 13.7% | 153.7% |
% w/ College Degree | 32.3% | 14.5% |
As of the latest ACS Survey released in 2023, Lebanon, OH is a predominantly white area, with 84.5% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Lebanon, OH is black, making up 7.8% of the population. Foreign-born residents account for 3.4% of the population in Lebanon, OH, and this percentage has increased by 3.0% 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 | 84.5% | 1.1% |
% Black | 7.8% | -24.3% |
% Hispanic | 1.6% | -51.5% |
% Asian | 2.7% | 145.5% |
% Foreign Born | 3.4% | 3.0% |
Mortgage and Risk — Lebanon, OH
According to HUD data as of 2023, there were 1053 mortgage originations in Lebanon, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Lebanon, OH. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,053 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lebanon, OH
Lebanon, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 480 |
Total Units Section 8 | 311 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | -$210 | $1,500 | $1,290 |
| 3 Bedroom | -$570 | $2,280 | $1,710 |
| 4 Bedroom | -$2,010 | $3,900 | $1,890 |
Affordability — Lebanon, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $398,000 |
| Median Household Income | $97,900 |