Lebanon, OR 97355 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lebanon, OR—97355

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$386,000

0.2% YoY Growth

Household Income

$64,300

28.6% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,500

5.6% YoY Growth

1-Bed Rent

$1,300

6.1% YoY Growth

2-Bed Rent

$1,400

5.9% YoY Growth

3-Bed Rent

$2,200

9.1% YoY Growth

Home Price Trends — Lebanon, OR

As of Dec '25, the median home price in Lebanon, OR is $386,000, with a year-over-year change of 0.2%. This indicates that home prices in Lebanon, OR are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$386,000	0.2%
Single Family	$388,000	0.3%
Condos	$268,000	-0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lebanon, OR

As of July '25, Rentcast reports the average rent in Lebanon, OR is $1,690, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Lebanon, OR is studios: $995, 1-bedrooms: $1,230, 2-bedrooms: $1,430, 3-bedrooms: $2,160, 4-bedrooms: $2,630. The most common rental property sizes in Lebanon, OR are 2-bedroom and 3-bedroom, accounting for 46.6% and 25.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,690
Studio Rent	$995	$995
1 Bed Rent	$1,300	$1,230
2 Bed Rent	$1,400	$1,430
3 Bed Rent	$2,200	$2,160
4 Bed Rent	$2,600	$2,630

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% of Rental Stock

Studio

4.9%

1 Bedroom

15.4%

2 Bedrooms

46.6%

3 Bedrooms

25.0%

4 Bedrooms

7.2%

5+ Bedrooms

0.9%

Property Listings — Lebanon, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Lebanon, OR is 72. This is a increase of 7.0% 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	$407,000	-11.0%
Listing Count	106	7.0%
Listings as % of Homes	0.8%	7.0%
Days on Market	78	-1.0%

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Demographics — Lebanon, OR

As of the latest ACS Survey released in 2023, Lebanon, OR has a population of 33,200, which has increased by 11.9% over the past 5 years. Lebanon, OR is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	33,200	11.9%
% Under 18	20.1%	-6.9%
% Seniors	21.4%	8.6%
% WFH	6.8%	21.4%
% w/ College Degree	18.4%	-2.1%

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As of the latest ACS Survey released in 2023, Lebanon, OR is a predominantly white area, with 87.1% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Lebanon, OR is hispanic, making up 7.0% of the population. Foreign-born residents account for 3.8% of the population in Lebanon, OR, and this percentage has increased by 11.8% 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	87.1%	-1.8%
% Black	0.4%	100.0%
% Hispanic	7.0%	27.3%
% Asian	0.6%	-45.5%
% Foreign Born	3.8%	11.8%

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Mortgage and Risk — Lebanon, OR

According to HUD data as of 2023, there were 516 mortgage originations in Lebanon, OR, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Lebanon, OR. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	516
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Lebanon, OR

As of 2024, the percent of homes in Lebanon, OR under the Section 8 program is 14.0%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lebanon, OR, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	587
Total Units Section 8	587
% Rentals under Section 8	14.0%
% Occupied Section 8	86.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$80	$1,300	$1,220
2 Bedroom	$80	$1,400	$1,480
3 Bedroom	-$210	$2,200	$1,990
4 Bedroom	-$280	$2,600	$2,320

Lebanon, OR—97355

Key Metrics at a Glance

Home Price Trends — Lebanon, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon, OR

% of Rental Stock

Property Listings — Lebanon, OR

Demographics — Lebanon, OR

Race and Ethnicity

Mortgage and Risk — Lebanon, OR

Mortgages

Rentals and Section 8 — Lebanon, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon, OR

Home Price to Income Ratio

Lebanon, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Crabtree

Scio, OR

Sweet Home, OR

Brownsville, OR

Albany, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.7
Median Home Price	$386,000
Median Household Income	$64,300

Lebanon, OR—97355

Key Metrics at a Glance

Home Price Trends — Lebanon, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lebanon, OR

% of Rental Stock

Property Listings — Lebanon, OR

Demographics — Lebanon, OR

Race and Ethnicity

Mortgage and Risk — Lebanon, OR

Mortgages

Rentals and Section 8 — Lebanon, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Lebanon, OR

Home Price to Income Ratio

Lebanon, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Crabtree

Scio, OR

Sweet Home, OR

Brownsville, OR

Albany, OR

Frequently Asked Questions

What is the average home price in Lebanon, OR 97355?

How have home prices in Lebanon, OR 97355 changed over the past year?

What is the home price projection for Lebanon, OR 97355?

What are the demographics of Lebanon, OR 97355?

How long does it take homes to sell in Lebanon, OR 97355?

What is the average rent price in Lebanon, OR 97355?