Lebanon, TN—37090
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 $452,000, with a year-over-year change of 0.5%. 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 | $452,000 | 0.5% |
| Single Family | $458,000 | 0.4% |
| Condos | $366,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $407,000 | 1.8% |
3 Bed | $406,000 | 0.7% |
4 Bed | $539,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lebanon, TN
As of July '25, Rentcast reports the average rent in Lebanon, TN is $2,220, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Lebanon, TN is 1-bedrooms: $1,310, 2-bedrooms: $1,560, 3-bedrooms: $2,140, 4-bedrooms: $3,260. The most common rental property sizes in Lebanon, TN are 2-bedroom and 1-bedroom, accounting for 41.2% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,310 |
| 2 Bed Rent | $1,520 | $1,560 |
| 3 Bed Rent | $1,940 | $2,140 |
| 4 Bed Rent | $2,620 | $3,260 |
% 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 69. This is a increase of 73.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $510,000 | 6.0% |
Listing Count | 206 | 31.0% |
| Listings as % of Homes | 1.5% | 31.0% |
Days on Market | 69 | 73.0% |
Demographics — Lebanon, TN
As of the latest ACS Survey released in 2023, Lebanon, TN has a population of 17,900, which has increased by 18.7% over the past 5 years. Lebanon, TN is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 18.7% |
% Under 18 | 22.0% | -4.3% |
% Seniors | 15.4% | -11.5% |
% WFH | 17.5% | 139.7% |
% w/ College Degree | 33.7% | 39.3% |
As of the latest ACS Survey released in 2023, Lebanon, TN is a predominantly white area, with 83.7% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Lebanon, TN is hispanic, making up 7.1% of the population. Foreign-born residents account for 4.7% of the population in Lebanon, TN, and this percentage has increased by 176.5% 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 | 83.7% | -10.3% |
% Black | 4.8% | 54.8% |
% Hispanic | 7.1% | 136.7% |
% Asian | 1.2% | 200.0% |
% Foreign Born | 4.7% | 176.5% |
Mortgage and Risk — Lebanon, TN
According to HUD data as of 2023, there were 243 mortgage originations in Lebanon, TN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Lebanon, TN. Investor activity is low, as 2.0% 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 | 243 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lebanon, TN
As of 2024, the percent of homes in Lebanon, TN under the Section 8 program is 0.3%. 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. In Lebanon, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,300 | $1,560 |
| 2 Bedroom | $210 | $1,520 | $1,730 |
| 3 Bedroom | $240 | $1,940 | $2,180 |
| 4 Bedroom | $60 | $2,620 | $2,680 |
Affordability — Lebanon, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $452,000 |
| Median Household Income | $85,000 |