Lebanon, OR—97355
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lebanon, OR
As of Oct '25, the median home price in Lebanon, OR is $388,000, with a year-over-year change of 0.3%. This indicates that home prices in Lebanon, OR are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $388,000 | 0.3% |
| Single Family | $389,000 | 0.3% |
| Condos | $268,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $261,000 | 0.0% |
2 Bed | $304,000 | 0.0% |
3 Bed | $391,000 | 0.3% |
4 Bed | $480,000 | 0.0% |
| 5 Bed | $600,000 | 2.0% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lebanon, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, OR is 78. This is a increase of 19.0% 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 | $438,000 | 7.0% |
Listing Count | 120 | 3.0% |
| Listings as % of Homes | 0.8% | 3.0% |
Days on Market | 78 | 19.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lebanon, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $388,000 |
| Median Household Income | $64,300 |