Lebanon, IL—62254
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lebanon, IL
As of Oct '25, the median home price in Lebanon, IL is $204,000, with a year-over-year change of 3.9%. This indicates that home prices in Lebanon, IL are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 3.9% |
| Single Family | $207,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $157,000 | 11.3% |
3 Bed | $212,000 | 5.5% |
4 Bed | $325,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lebanon, IL
As of July '25, Rentcast reports the average rent in Lebanon, IL is $1,350, with a year-over-year rent change of 28.6%. Per bedroom, the median rent as of July '25 in Lebanon, IL is 2-bedrooms: $1,200, 4-bedrooms: $1,820. The most common rental property sizes in Lebanon, IL are 2-bedroom and 1-bedroom, accounting for 56.0% and 14.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,820 | $1,820 |
% of Rental Stock
Property Listings — Lebanon, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, IL is 45. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | -6.0% |
Listing Count | 18 | -24.0% |
| Listings as % of Homes | 0.4% | -24.0% |
Days on Market | 45 | -20.0% |
Demographics — Lebanon, IL
As of the latest ACS Survey released in 2023, Lebanon, IL has a population of 6,340, which has remained stable by 0.7% over the past 5 years. Lebanon, IL is a less popular place for families, as children make up 12.6% of the population. The area has a moderately educated workforce, with 37.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,340 | 0.7% |
% Under 18 | 12.6% | -31.9% |
% Seniors | 18.5% | -1.6% |
% WFH | 20.5% | 294.2% |
% w/ College Degree | 37.4% | 19.1% |
As of the latest ACS Survey released in 2023, Lebanon, IL is a predominantly white area, with 78.0% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Lebanon, IL is black, making up 10.0% of the population. Foreign-born residents account for 1.9% of the population in Lebanon, IL, and this percentage has increased by 137.5% 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 | 78.0% | -1.0% |
% Black | 10.0% | -43.8% |
% Hispanic | 6.0% | 445.5% |
% Asian | 0.5% | ∞% |
% Foreign Born | 1.9% | 137.5% |
Mortgage and Risk — Lebanon, IL
Lebanon, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lebanon, IL
Lebanon, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 138 |
Total Units Section 8 | 116 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,090 |
| 2 Bedroom | $240 | $1,100 | $1,340 |
| 3 Bedroom | N/A | N/A | $1,730 |
| 4 Bedroom | $170 | $1,820 | $1,990 |
Affordability — Lebanon, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $204,000 |
| Median Household Income | $89,500 |