South Lebanon, OH 45065 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

South Lebanon, OH—45065

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$366,000

2.9% YoY Growth

Household Income

$107,000

68.7% YoY Growth

Days on Market

9.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,540

7.6% YoY Growth

1-Bed Rent

$950

3.3% YoY Growth

2-Bed Rent

$1,700

N/A

3-Bed Rent

$3,460

44.2% YoY Growth

Home Price Trends — South Lebanon, OH

As of Dec '25, the median home price in South Lebanon, OH is $366,000, with a year-over-year change of 2.9%. This indicates that home prices in South Lebanon, OH are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$366,000	2.9%
Single Family	$366,000	2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — South Lebanon, OH

As of July '25, Rentcast reports the average rent in South Lebanon, OH is $1,830, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in South Lebanon, OH is 1-bedrooms: $1,240, 2-bedrooms: $1,680, 3-bedrooms: $3,460. The most common rental property sizes in South Lebanon, OH are 3-bedroom and 1-bedroom, accounting for 47.3% and 35.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,540	$1,830
Studio Rent	N/A	N/A
1 Bed Rent	$950	$1,240
2 Bed Rent	$1,700	$1,680
3 Bed Rent	$3,460	$3,460
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

35.8%

2 Bedrooms

12.9%

3 Bedrooms

47.3%

4 Bedrooms

4.0%

Property Listings — South Lebanon, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in South Lebanon, OH is 29. This is a increase of 54.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$466,000	20.0%
Listing Count	13	-35.0%
Listings as % of Homes	0.6%	-35.0%
Days on Market	44	9.0%

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Demographics — South Lebanon, OH

As of the latest ACS Survey released in 2023, South Lebanon, OH has a population of 6,940, which has increased by 45.6% over the past 5 years. South Lebanon, OH is a popular place for families, as children make up 33.4% of the population. The area has a highly educated workforce, with 45.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,940	45.6%
% Under 18	33.4%	80.5%
% Seniors	9.6%	-60.0%
% WFH	14.2%	1,477.8%
% w/ College Degree	45.8%	-5.2%

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As of the latest ACS Survey released in 2023, South Lebanon, OH is a predominantly white area, with 77.5% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in South Lebanon, OH is hispanic, making up 2.4% of the population. Foreign-born residents account for 7.0% of the population in South Lebanon, OH, and this percentage has increased by 125.8% 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	77.5%	-10.1%
% Black	2.3%	-37.8%
% Hispanic	2.4%	-51.0%
% Asian	2.1%	-4.5%
% Foreign Born	7.0%	125.8%

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Mortgage and Risk — South Lebanon, OH

According to HUD data as of 2023, there were 365 mortgage originations in South Lebanon, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in South Lebanon, OH. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	365
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — South Lebanon, OH

South Lebanon, OH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	148
Total Units Section 8	70
% Rentals under Section 8	13.9%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$330	$950	$1,280
2 Bedroom	-$40	$1,700	$1,660
3 Bedroom	-$1,260	$3,460	$2,200
4 Bedroom	N/A	N/A	$2,430

South Lebanon, OH—45065

Key Metrics at a Glance

Home Price Trends — South Lebanon, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Lebanon, OH

% of Rental Stock

Property Listings — South Lebanon, OH

Demographics — South Lebanon, OH

Race and Ethnicity

Mortgage and Risk — South Lebanon, OH

Mortgages

Rentals and Section 8 — South Lebanon, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — South Lebanon, OH

Home Price to Income Ratio

South Lebanon, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Kings Mills, OH

Foster, OH

Lebanon, OH

Morrow, OH

Mason, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$366,000
Median Household Income	$107,000

South Lebanon, OH—45065

Key Metrics at a Glance

Home Price Trends — South Lebanon, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Lebanon, OH

% of Rental Stock

Property Listings — South Lebanon, OH

Demographics — South Lebanon, OH

Race and Ethnicity

Mortgage and Risk — South Lebanon, OH

Mortgages

Rentals and Section 8 — South Lebanon, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — South Lebanon, OH

Home Price to Income Ratio

South Lebanon, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Kings Mills, OH

Foster, OH

Lebanon, OH

Morrow, OH

Mason, OH

Frequently Asked Questions

What is the average home price in South Lebanon, OH 45065?

How have home prices in South Lebanon, OH 45065 changed over the past year?

What is the home price projection for South Lebanon, OH 45065?

What are the demographics of South Lebanon, OH 45065?

How long does it take homes to sell in South Lebanon, OH 45065?

What is the average rent price in South Lebanon, OH 45065?