South Lebanon, OH—45065
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Lebanon, OH
As of Oct '25, the median home price in South Lebanon, OH is $369,000, with a year-over-year change of 2.8%. This indicates that home prices in South 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 | $369,000 | 2.8% |
| Single Family | $370,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 0.0% |
3 Bed | $317,000 | 3.6% |
4 Bed | $492,000 | 1.9% |
| 5 Bed | $610,000 | 2.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — South Lebanon, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in South Lebanon, OH is 47. This is a increase of 65.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $521,000 | 14.0% |
Listing Count | 16 | -30.0% |
| Listings as % of Homes | 0.6% | -30.0% |
Days on Market | 47 | 65.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — South Lebanon, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $369,000 |
| Median Household Income | $107,000 |