Lebanon, IN—46052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lebanon, IN
As of Oct '25, the median home price in Lebanon, IN is $285,000, with a year-over-year change of 4.1%. This indicates that home prices in Lebanon, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $285,000 | 4.1% |
| Single Family | $288,000 | 4.3% |
| Condos | $198,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $157,000 | 5.4% |
2 Bed | $196,000 | 4.8% |
3 Bed | $281,000 | 4.5% |
4 Bed | $356,000 | 4.7% |
| 5 Bed | $444,000 | 3.5% |
% of Housing Stock
Rental Trends — Lebanon, IN
As of July '25, Rentcast reports the average rent in Lebanon, IN is $1,700, with a year-over-year rent change of 13.3%. Per bedroom, the median rent as of July '25 in Lebanon, IN is studios: $1,300, 1-bedrooms: $958, 2-bedrooms: $1,270, 3-bedrooms: $2,050, 4-bedrooms: $3,330. The most common rental property sizes in Lebanon, IN are 2-bedroom and 1-bedroom, accounting for 39.6% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,700 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $900 | $958 |
| 2 Bed Rent | $1,190 | $1,270 |
| 3 Bed Rent | $2,100 | $2,050 |
| 4 Bed Rent | $2,500 | $3,330 |
% of Rental Stock
Property Listings — Lebanon, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, IN is 59. This is a increase of 37.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $321,000 | -2.0% |
Listing Count | 75 | 33.0% |
| Listings as % of Homes | 0.5% | 33.0% |
Days on Market | 59 | 37.0% |
Demographics — Lebanon, IN
As of the latest ACS Survey released in 2023, Lebanon, IN has a population of 23,500, which has increased by 5.4% over the past 5 years. Lebanon, IN is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 5.4% |
% Under 18 | 22.9% | 7.0% |
% Seniors | 16.7% | 1.2% |
% WFH | 11.8% | 353.8% |
% w/ College Degree | 26.0% | -11.9% |
As of the latest ACS Survey released in 2023, Lebanon, IN is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Lebanon, IN is hispanic, making up 5.8% of the population. Foreign-born residents account for 2.6% of the population in Lebanon, IN, and this percentage has increased by 62.5% 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 | 90.8% | -4.9% |
% Black | 1.0% | 42.9% |
% Hispanic | 5.8% | 163.6% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 2.6% | 62.5% |
Mortgage and Risk — Lebanon, IN
According to HUD data as of 2023, there were 579 mortgage originations in Lebanon, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Lebanon, IN. Investor activity is low, as 3.0% 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 | 579 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Lebanon, IN
As of 2024, the percent of homes in Lebanon, IN under the Section 8 program is 6.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lebanon, IN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 157 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $900 | $1,040 |
| 2 Bedroom | $30 | $1,190 | $1,220 |
| 3 Bedroom | -$510 | $2,100 | $1,590 |
| 4 Bedroom | -$580 | $2,500 | $1,920 |
Affordability — Lebanon, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $285,000 |
| Median Household Income | $66,800 |