Real Estate Investing in Lebanon, Ohio (45036)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45036 (Lebanon, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lebanon, OH (45036)?
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Market Analysis: 45036 Lebanon
This part of Warren County is not an easy win. The 45036 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 45036 can be a worth a close look for hunting ground — but the discount at $414K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Lebanon have seen price recovery that 45036 has not matched. Warren County data supports the view that the spread is structural rather than temporary.
Who lives in 45036 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Lebanon's stable or hybrid ZIPs before stepping into 45036. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lebanon:
Property Strategy for 45036
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $267,277 | $1,360 | 3.7% | +7.4% | $133,638 |
| 3BR | $351,620 | $1,790 | 3.7% | +7.8% | $117,207 |
| 4BR | $514,701 | $1,990 | 2.8% | +7.8% | $128,675 |
| 5BR | $696,126 | — | — | +8.5% | $139,225 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45036 Compare?
| Metric | 45036 | Lebanon | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $413,609 | $413,609 | N/A | $237,530 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.4% |
| Avg Rent | $1,989 | $1,989 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45036 (Lebanon, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $413,609 |
| Monthly Rent | $1,989 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 45036
Population: 43,262
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 45036
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What monthly rent should investors expect in Lebanon, OH?
Rental rates in Lebanon, OH average $1,989/mo. Tenant demand and $414K home values make the yield look reasonable by investor standards.
Are there empty rentals in Lebanon, OH?
Lebanon, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Is Lebanon in OH worth investing in?
Investors tracking Lebanon, OH will find a 3.0/5 rating supported by $414K median home values and $1,989/mo rents. That profile suits long-term holders targeting even-keeled returns.
How should investors approach Lebanon, OH?
In Lebanon, OH the significant play is typically careful cash-flow rentals with hands-on management. The combination of $414K prices and $1,989/mo rents suits that approach.
What is the average home sale price in Lebanon, OH?
Expect median prices around $414K in Lebanon, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
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