Lebanon County, Pennsylvania Housing Market
In Lebanon County, Pennsylvania, the median home value is $242,000, with a median monthly rent of $1,110. This places Lebanon County at #957 nationally out of 3134 counties by median home value, and #20 within Pennsylvania.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,055
- Establishments: 2,837
- BLS QCEW, 2025
Housing Supply
- Single-family: 289
- Multi-family: 253
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 62,888 (avg $77,314)
- Outflow: 60,612 (avg $77,599)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Lebanon County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 17042 | 263.9 | +8.07% | 2025 |
| 2 | 17046 | 272.6 | +3.17% | 2025 |
| 3 | 17038 | 252.4 | +1.51% | 2025 |
| 4 | 17003 | 253.9 | +4.88% | 2025 |
| 5 | 17064 | 234.1 | +9.96% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lebanon County Compares
| Metric | Lebanon County | Pennsylvania Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $242,000 | $212,079 | $227,706 |
| Median Gross Rent | $1,110 | $990 | $968 |
| Owner Occupancy Rate | 71.3% | 74.2% | 73.3% |
| Price/Rent Ratio | 18.2 | 17.5 | 18.7 |
Market Analysis
The median home value in Lebanon County is 14.1% above the Pennsylvania state average and 6.3% above the U.S. national average. The median rent of $1,110/month is 12.1% above the state average.
With a price-to-rent ratio of 18.2, the buy-vs-rent decision in Lebanon County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lebanon County has an owner-occupancy rate of 71.3%, compared to 74.2% in Pennsylvania and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hughes County | South Dakota | $242,000 | $990 |
| Hamilton County | Ohio | $241,900 | $1,075 |
| Harney County | Oregon | $242,100 | $684 |
| Wayne County | Pennsylvania | $242,100 | $1,038 |
| Kalamazoo County | Michigan | $241,800 | $1,093 |
Other Counties in Pennsylvania
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wayne County | $242,100 | $1,038 | 80.5% |
| Philadelphia County | $243,100 | $1,397 | 51.8% |
| Union County | $240,100 | $974 | 72.3% |
| Perry County | $236,400 | $874 | 81.8% |
| Dauphin County | $236,400 | $1,217 | 63.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).