Rental numbers for Lebanon County, PA
The typical home here runs -$1,226 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.7%.
- Gross yield
- 5.4%
- typical home, Zillow
- Median ZIP yield
- 5.7%
- 4 ZIPs with full data
- Cash flow
- -$1,226/mo
- at 7.78%, 25% down
- Typical price
- $322,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,450/mo
- Zillow ZORI, Aug 2026
ZIP codes in Lebanon County
10 with published figures
| 17067Myerstown | $322,000 | $1,600 | 5.9% | 2.4% | -$1,104 | n/a |
| 17088Schaefferstown | $309,000 | $1,520* | 5.9% | 2.2% | -$1,088 | n/a |
| 17042Lebanon | $311,000 | $1,470 | 5.7% | 2.1% | -$1,134 | -1.3% |
| 17046Lebanon | $266,000 | $1,255 | 5.7% | 2.0% | -$997 | n/a |
| 17073Newmanstown | $353,000 | $1,600* | 5.4% | 2.1% | -$1,294 | n/a |
| 17078Palmyra | $353,000 | $1,500 | 5.1% | 1.8% | -$1,389 | n/a |
| 17064Mount Gretna | $429,000 | $1,760* | 4.9% | 1.7% | -$1,704 | n/a |
| 17003Annville | $386,000 | $1,400* | 4.3% | 0.9% | -$1,783 | n/a |
| 17038Jonestown | $331,000 | $1,150* | 4.2% | 1.0% | -$1,517 | n/a |
| 17026Fredericksburg | $359,000 | $1,240* | 4.1% | 1.0% | -$1,634 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +5.2%
- Rent, 12 months
- +1.8%
- Rent minus price growth
- -3.4 pts
- Property tax
- 1.37%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $235,717 | $1,090 |
| Aug 2022 | $262,641 | $1,215 |
| Aug 2023 | $276,774 | $1,301 |
| Aug 2024 | $289,425 | $1,325 |
| Aug 2025 | $306,279 | $1,424 |
| Aug 2026 | $322,198 | $1,450 |
HUD Fair Market Rent
FY2027, Lebanon, PA MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $991 | $1,071 | $1,353 | $1,742 | $1,894 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 5.4
- 308 units, last 12 months
- National percentile
- 51th
- among US counties
Tools
Test a listing in Lebanon County against today's rate.
Open the calculatorPart of the Lebanon, PA metro.
Questions
- Is Lebanon County good for rental property?
- The typical home here runs -$1,226 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.7%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Lebanon County?
- About 1.37% of value, from Census ACS median taxes paid over median home value. On a $322,000 home that is about $4,408 a year.
- What is Fair Market Rent in Lebanon County?
- HUD's FY2027 Fair Market Rent here is $1,071 for a 1-bedroom, $1,353 for a 2-bedroom and $1,742 for a 3-bedroom. Typical cash flow at today's rate is -$1,226 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.