Real Estate Investing in Lebanon, Ohio

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1 ZIP codes • Population: 43,262 • Warren County

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Should you buy in Lebanon, OH? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Lebanon, OH?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $413,609
Avg Monthly Rent $1,989
ZIP Codes 1

Investing in Lebanon Real Estate

Lebanon, OH covers 1 ZIP codes and a population but the investment metrics here are soft — this is not a market to enter casually.

plainly Lebanon's aggregate rating of ★★★☆☆ reflects muted investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

The $1,989/mo / $414K relationship in Lebanon looks thin once vacancy and capex are incorporated into underwriting. looks to the realized yield tends to disappoint.

A an established population with $N/AK household income profile is what makes Lebanon a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Cincinnati, OH-KY-IN

Lebanon is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$413,609
Avg Monthly Rent
$1,989
1% Rule
✗ Below
Landlord Friendly (OH)

🎓 Colleges & Universities in Lebanon

2 Colleges 220 Students 72 Off-Campus Renters
C+
Warren County Career Center
Vocational Public · 206 students
C
Dental Assistant Pro-Lebanon
Vocational For-Profit · 14 students

ZIP Codes in Lebanon, OH

Screen every ZIP in Lebanon

Filter Lebanon’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Lebanon, OH

What are vacancy rates like in Lebanon, OH?

Vacancy risk in Lebanon, OH is elevated. That supports stable cash flow for typical rental holds.

Can owner-occupants cash flow in Lebanon, OH?

House hacking in Lebanon, OH is a challenging. With home values around $414K and rents at $1,989/mo, owner-occupants can offset a meaningful share of PITI.

How should investors approach Lebanon, OH?

Investors usually favor careful cash-flow rentals with hands-on management in Lebanon, OH. With home values at $414K and rents near $1,989/mo, other strategies can work but produce steady rather than outsized returns.

What price range are homes in Lebanon, OH?

In Lebanon, OH the median home value sits at $414K. Against the broader OH market, that reads as reasonable for most investors.

What is the investability score for Lebanon, OH?

The 3.0/5 investability rating in Lebanon, OH reflects its $414K prices and $1,989/mo rents. Investors generally consider it a solid option within OH.

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