Lebanon

Pennsylvania · Ranked #48 of 373 metros

90Affordable
💡
Housing in Lebanon costs 2.99× the median income, below the national average of 4.5×. The median home price is $235K and median rent is $1,186/month. Lebanon ranks #48 of 373 metros for affordability.

Median Home Price

🏠

$235K

Need $70K income

Median Rent

🔑

$1,186

Need $47K income

Building Permits

🔨

324

annual

Median Income

💰

$79K

Pop: 146,770

Rent Burden

⚠️

18.4%

of renters paying >30%

Homeownership

🏡

71.0%

Rent Burden

vs. National Average

Key Facts vs. National Average

MetricLebanonNational
Price-to-Income Ratio2.99x6.1x
Rent Burden18.4%31.5%
Homeownership Rate71.0%65.5%
YoY Rent Change0%+2.8%
Mortgage Denial Rate0.0%13.5%
Eviction Rate0.0%3.6%

House Price Index (2000–2025)

FHFA All-Transactions HPI

Since 2019: +70.8%Since 2000: +180.5%

HUD Fair Market Rents (FY2026)

Section 8 voucher payment standards

Studio$1,035/mo
1 Bedroom$1,112/mo
2 Bedroom$1,411/mo
3 Bedroom$1,797/mo
4 Bedroom$1,959/mo

Zillow Market Data

Home Value (ZHVI)

$305K

1yr: +5.3%5yr: +41.5%

Rent (ZORI)

$2,069/mo

1yr: +2.7%5yr: +40.8%

Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.

Redfin Market Activity

Median Sale Price

$242K

Active Inventory

120

Days on Market

101

Sold Above List

9.5%

Price Drops

14.2%