Real Estate Investing in Lebanon, Indiana (46052)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46052 (Lebanon, IN)? 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, IN (46052)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46052 Lebanon
Put differently, ZIP 46052 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $301K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 46052 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Lebanon have seen price recovery that 46052 has not matched. Boone County data supports the view that the spread is structural rather than temporary.
Employment concentration in 46052 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lebanon:
Property Strategy for 46052
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $157,053 | $1,060 | 4.9% | +7.8% | $157,053 |
| 2BR | $196,329 | $1,230 | 4.5% | +9.3% | $98,165 |
| 3BR | $280,764 | $1,590 | 4.1% | +8.4% | $93,588 |
| 4BR | $356,430 | $1,950 | 3.9% | +8.1% | $89,108 |
| 5BR | $443,586 | — | — | +7.3% | $88,717 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46052 Compare?
| Metric | 46052 | Lebanon | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $301,056 | $301,056 | N/A | $248,442 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $1,766 | $1,766 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46052 (Lebanon, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $301,056 |
| Monthly Rent | $1,766 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 46052
Population: 23,455
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 46052
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.
Frequently Asked Questions
How much do tenants pay in Lebanon, IN?
Expect rents around $1,766/mo per month in Lebanon, IN. With home values at $301K, the yield math works out to reasonable levels for rental investors.
What approach is best for Lebanon, IN real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lebanon, IN. The numbers - $301K homes against $1,766/mo rents - support that play.
Does Lebanon, IN make sense for an investment property?
The 3.0/5 investability rating in Lebanon, IN reflects its $301K prices and $1,766/mo rents. Investors generally consider it a solid option within IN.
Can I house hack in Lebanon, IN?
Lebanon, IN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $301K price point reasonable to enter.
Is it easy to find good tenants in Lebanon, IN?
Tenant demand in Lebanon, IN is solid. The local workforce $1,766/mo rents across most rental classes.
You know 46052 now. You don’t know where it ranks.
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How 46052 ranks in Indianapolis-Carmel-Anderson, IN
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