Lebanon, Oregon.
Typical home $392,264 (+0.5% in a year), asking rent $1,531 (+0.7%). Albany-Lebanon, OR metro.
to buy the typical home at today's mortgage rate — +$1,106 (+116%) since Jan 2020.
- 1 year
- Up $1,827 +0%
- $390,437$392,264 since Sep 2025
- 5 years
- Up $52,950 +16%
- $339,314$392,264 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Lebanon$2,059
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Lebanon, OR rose 0.5% over the past year — slower than the nation's +1.2%.
Asking rents in Lebanon, OR rose 0.7% over the past year — slower than the nation's +2.7%.
Owning the typical home in Lebanon runs $1,231/mo more than renting one. The gap peaked at $1,271 in May 2024.
That is $2,762 a month against $1,531 rent: a $2,059 mortgage payment, plus $283 property tax and $420 insurance & upkeep.
Owning vs renting — Lebanon
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,762
- Renting$1,531
- Mortgage only$2,059
Property tax · $283/mo 0.87% of value a year — the ACS 2020-2024 median bill over the median home value for Linn County, OR
Insurance & upkeep · $420/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Lebanon, Linn County, Oregon
Lebanon is a city of 18,447 people in Linn County. Half its households earn more than $63,176 a year and half less, against $76,329 across Linn County; 18% of its people live below the poverty line. 55% of its homes are lived in by their owners and 45% are rented. Unemployment in Linn County was 5.3% in August 2026, and the county had 0.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Lebanon is a small city in Linn County, in the Willamette Valley of western Oregon. Its residents are somewhat younger than the typical American, and more homes are rented than across the county as a whole, though most are still lived in by their owners. Incomes run below the county's, and more people live below the poverty line than you might expect, while fewer adults than in many places hold a four-year degree. Winters are cold: December days stay cool and nights get close to freezing. Summers are warm, with August the warmest month.
Work. Many residents work in schools, hospitals and social care, in shops, in manufacturing and in the building trades. Among the biggest workplaces in Lebanon are the Lebanon Community School District, Samaritan Lebanon Community Hospital and Walmart. The typical commute is a moderate one, and few people work from home. Unemployment across Linn County has eased a little over the past year, though the county has slightly fewer jobs than it did a year earlier.
Things to do. Thompson's Mills State Heritage Site, a protected historic area, is a short drive away. Farther afield, a longer drive brings you to Silver Falls State Park, and to the Hallie Ford Museum of Art for an afternoon indoors. The Santiam River is also a longer drive away, for those who like to spend time by the water.
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- 7,650households
- 21%of adults have a degree
- 18%below the poverty line
- 26 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Linn County had 48,405 jobs in 2025, 0.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 47° and lows near 36°; warmest in August, with highs near 86° and lows near 56°.
Average daily high and low, 1991–2020, at the Lebanon weather station, under a mile away (NOAA).
Largest workplaces in Lebanon
- Lebanon Community SD 9School district592FTE
- Samaritan Lebanon Comm HospitalCritical access hospital554FTE
- Lowe's Companies, INCWarehouse412
- WalmartWarehouse clubs and supercenters307
- Entek InternationalPolyethylene film and unlaminated sheet manufacturing287
- Entek ManufacturingExtruding machinery for plastics and rubber manufacturing177
- SafewaySupermarkets and other grocery stores158
- Meadowlark Senior LivingAssisted-living facilities without on-site nursing care facilities121
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 19 workplaces with 20 or more staff, 3,153 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Earthquakesrelatively high in parts of LebanonRelatively moderate
- Strong windrelatively high in parts of LebanonRelatively moderate
- Heat wavesRelatively moderate
- LightningRelatively moderate
- Inland floodingRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Lebanon’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Linn County and the Albany-Lebanon, OR metro.
Lebanon home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Lebanon$392,264
- Oregon$492,753
- United States$366,157
Sellers are cutting prices on about 1 in 3 Lebanon listings, and the typical home goes pending in 31 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Lebanon34.62%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Lebanon31
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Lebanon132
New listings per month
Sellers arriving at the market.
- Lebanon35
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Lebanon$384,548
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Lebanon99.42%
Zip codes with a Lebanon address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Lebanon — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.