Lebanon, TN—37087
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lebanon, TN
Home Price Trends — Lebanon, TN
As of Oct '25, the median home price in Lebanon, TN is $436,000, with a year-over-year change of 0.6%. This indicates that home prices in Lebanon, TN are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $436,000 | 0.6% |
| Single Family | $439,000 | 0.9% |
| Condos | $344,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $308,000 | 0.0% |
3 Bed | $395,000 | 0.8% |
4 Bed | $586,000 | 1.0% |
| 5 Bed | $624,000 | 1.5% |
% of Housing Stock
Rental Trends — Lebanon, TN
As of July '25, Rentcast reports the average rent in Lebanon, TN is $1,840, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Lebanon, TN is studios: $600, 1-bedrooms: $1,260, 2-bedrooms: $1,430, 3-bedrooms: $1,960, 4-bedrooms: $2,440. The most common rental property sizes in Lebanon, TN are 2-bedroom and 3-bedroom, accounting for 43.8% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,840 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $1,220 | $1,260 |
| 2 Bed Rent | $1,350 | $1,430 |
| 3 Bed Rent | $1,900 | $1,960 |
| 4 Bed Rent | $2,500 | $2,440 |
% of Rental Stock
Property Listings — Lebanon, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lebanon, TN is 48. This is a increase of 22.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -5.0% |
Listing Count | 488 | 15.0% |
| Listings as % of Homes | 1.3% | 15.0% |
Days on Market | 48 | 22.0% |
Demographics — Lebanon, TN
As of the latest ACS Survey released in 2023, Lebanon, TN has a population of 55,200, which has increased by 17.9% over the past 5 years. Lebanon, TN is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,200 | 17.9% |
% Under 18 | 22.3% | -4.3% |
% Seniors | 16.0% | 6.0% |
% WFH | 11.1% | 184.6% |
% w/ College Degree | 29.3% | 19.1% |
As of the latest ACS Survey released in 2023, Lebanon, TN is a predominantly white area, with 77.4% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Lebanon, TN is black, making up 8.6% of the population. Foreign-born residents account for 5.5% of the population in Lebanon, TN, and this percentage has increased by 17.0% 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 | 77.4% | -4.6% |
% Black | 8.6% | -7.5% |
% Hispanic | 7.2% | 14.3% |
% Asian | 1.5% | 0.0% |
% Foreign Born | 5.5% | 17.0% |
Mortgage and Risk — Lebanon, TN
According to HUD data as of 2023, there were 1988 mortgage originations in Lebanon, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Lebanon, TN. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,988 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lebanon, TN
As of 2024, the percent of homes in Lebanon, TN under the Section 8 program is 9.9%. 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, TN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,074 |
Total Units Section 8 | 694 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,220 | $1,310 |
| 2 Bedroom | $110 | $1,350 | $1,460 |
| 3 Bedroom | -$60 | $1,900 | $1,840 |
| 4 Bedroom | -$250 | $2,500 | $2,250 |
Affordability — Lebanon, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $436,000 |
| Median Household Income | $81,000 |