Lebanon County, Pennsylvania Housing Market Prices
Lebanon County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 6% below the Pennsylvania median$144,003
-
Median rent 8% below the Pennsylvania median More expensive than 73% of counties in Pennsylvania$1,109
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lebanon County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $144,003 | $152,469 | $248,835 |
| Price Trend (Annual %) | 4.6% | 3.7% | 7.5% |
| Median Gross Rent | $1,109 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lebanon County is about 6% lower than in Pennsylvania. Rent is about 8% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lebanon County, up about 4.6% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Lebanon County rose about 44.5% between 2015 and 2024, from $768 to $1,109. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Lebanon County.
Buying the median-priced home in Lebanon County costs roughly 10.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lebanon County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Lebanon County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $144,003 | $152,469 | $248,835 |
| Median Household Income | $78,489 | $78,249 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lebanon County rose about 13.9%, while median household income rose about 41.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lebanon County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.5% | 63.0% | 58.5% |
| Rental Rate | 27.2% | 27.9% | 31.2% |
| Vacancy Rate | 5.4% | 9.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Lebanon County has a homeownership rate of 67.5%, higher than the Pennsylvania average of 63.0%. Its housing vacancy rate is 5.4%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Lebanon County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1971 | 1966 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Lebanon County was built around 1971. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Lebanon County, PA Housing Compared With Nearby Counties
Lebanon County, PA is the 5th largest of the 6 counties compared here, 144,187 residents against a local median of 432,828. Where Lebanon County, PA breaks from the counties next to it is median home price, sitting 25% below the local median of $191,878 at $144,003.
The counties themselves spread $170,429 on median home price, so Lebanon County, PA sits at one end of an already wide local range rather than apart from it. Lebanon County, PA has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lebanon County, PA | 144,187 | $144,003 #4/6 | $1,109 #5/6 | 71.3% #4/6 |
| Dauphin County, PA | 289,538 | $131,945 | $1,217 | 63.1% |
| Lancaster County, PA | 557,898 | $244,804 | $1,356 | 69.8% |
| Schuylkill County, PA | 143,391 | $74,375 | $875 | 76.1% |
| York County, PA | 462,883 | $203,786 | $1,192 | 76.3% |
| Berks County, PA | 432,828 | $191,878 | $1,180 | 71.3% |
Frequently Asked Questions
Common questions about the housing market in Lebanon County, Pennsylvania.
What is the median home price in Lebanon County, Pennsylvania?
The median home price in Lebanon County, Pennsylvania is $144,003, lower than the Pennsylvania average of $152,469.
What is the average home price in Lebanon County, Pennsylvania?
The typical home price in Lebanon County, Pennsylvania, reported as the median sale price, is $144,003. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lebanon County, Pennsylvania?
The median gross rent in Lebanon County, Pennsylvania is $1,109 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Lebanon County in 2020?
In 2020, the median gross rent in Lebanon County, Pennsylvania was $878 per month.
What is the price-to-rent ratio in Lebanon County, Pennsylvania?
The price-to-rent ratio in Lebanon County, Pennsylvania is about 10.8, meaning it would take roughly 10.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lebanon County.
Are home prices or rent rising faster in Lebanon County, Pennsylvania?
Both home prices and rent are rising in Lebanon County, up about 4.6% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lebanon County, Pennsylvania?
67.5% of households in Lebanon County, Pennsylvania own their home, higher than the Pennsylvania average of 63.0%.
What is the vacancy rate in Lebanon County, Pennsylvania?
The housing vacancy rate in Lebanon County, Pennsylvania is 5.4%, lower than the Pennsylvania average of 9.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →