Lebanon, IL 62254 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lebanon, IL—62254

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$205,000

3.7% YoY Growth

Household Income

$89,500

41.6% YoY Growth

Days on Market

8.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$1,100

28.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,100

7.1% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Lebanon, IL

As of Dec '25, the median home price in Lebanon, IL is $205,000, with a year-over-year change of 3.7%. This indicates that home prices in Lebanon, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$205,000	3.7%
Single Family	$208,000	3.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

12.7%

1 Bedroom

14.9%

2 Bedrooms

56.0%

3 Bedrooms

8.4%

4 Bedrooms

8.0%

Property Listings — Lebanon, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Lebanon, IL is 59. This is a decrease of -19.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$285,000	4.0%
Listing Count	12	-36.0%
Listings as % of Homes	0.4%	-36.0%
Days on Market	91	8.0%

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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%

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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%

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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

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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

Lebanon, IL—62254

Key Metrics at a Glance

Home Price Trends — Lebanon, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon, IL

% of Rental Stock

Property Listings — Lebanon, IL

Demographics — Lebanon, IL

Race and Ethnicity

Mortgage and Risk — Lebanon, IL

Mortgages

Rentals and Section 8 — Lebanon, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon, IL

Home Price to Income Ratio

Lebanon, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Summerfield

Scott Air Force Base, IL

O Fallon, IL

Saint Jacob, IL

Troy, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$205,000
Median Household Income	$89,500

Lebanon, IL—62254

Key Metrics at a Glance

Home Price Trends — Lebanon, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon, IL

% of Rental Stock

Property Listings — Lebanon, IL

Demographics — Lebanon, IL

Race and Ethnicity

Mortgage and Risk — Lebanon, IL

Mortgages

Rentals and Section 8 — Lebanon, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon, IL

Home Price to Income Ratio

Lebanon, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Summerfield

Scott Air Force Base, IL

O Fallon, IL

Saint Jacob, IL

Troy, IL

Frequently Asked Questions

What is the average home price in Lebanon, IL 62254?

How have home prices in Lebanon, IL 62254 changed over the past year?

What is the home price projection for Lebanon, IL 62254?

What are the demographics of Lebanon, IL 62254?

How long does it take homes to sell in Lebanon, IL 62254?

What is the average rent price in Lebanon, IL 62254?