Real Estate Investing in Lebanon, Pennsylvania

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

4 ZIP codes • Population: 71,327 • Lebanon County

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

🏠 For Homebuyers
GREAT FIT
Grade A (91/100)

Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.

📈 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, PA?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.6% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $143,571
Avg Monthly Rent $1,315
ZIP Codes 4

Investing in Lebanon Real Estate

Across Lebanon's 4 ZIPs, the picture is lackluster: $144K median values, $1,315/mo rents, and a population that has faced real economic pressure.

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

Market conditions in Lebanon are modest. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

The 0% renter share in Lebanon masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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 Lebanon, PA

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
$143,571
Avg Monthly Rent
$1,315
1% Rule
✗ Below
Landlord Friendly (PA)

📉 Market Crash Risk Index

Based on Lebanon, PA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
27%
Days Pending
0/2
22 days

View all metro crash risk rankings →

⚖️ Balanced Market — Lebanon, PA metro
22
Days to pending
11.4%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Lebanon

3 Colleges 116 Students 64 Off-Campus Renters
C+
Empire Beauty School-Lebanon
Vocational For-Profit · 33 students
C
Lebanon County Area Vocational Technical School
Vocational Public · 64 students
D
Champ's Barber School-Lebanon
Vocational For-Profit · 19 students

Neighborhoods in Lebanon

ZIP Codes in Lebanon, PA

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, PA

How tight is the rental market in Lebanon, PA?

Vacancy in Lebanon, PA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,315/mo.

Does Lebanon, PA make sense for an investment property?

Lebanon, PA stands at an investability rating of 3.0/5, with median home values near $144K and average rents around $1,315/mo. That combination puts it in the healthy tier for investor interest.

Does house hacking make sense in Lebanon, PA?

For house hackers, Lebanon, PA is a challenging. The $1,315/mo rent on a unit helps defray the mortgage on a $144K property.

Does Lebanon, PA favor landlords or tenants?

For rental operators, Lebanon, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

Is the tenant base reliable in Lebanon, PA?

Tenant quality in Lebanon, PA ranks as solid. Landlords generally report steady occupancy at market rents of $1,315/mo.

Community Ratings

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