Rental numbers for the Lebanon, PA metro
The typical home here runs -$1,219 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this metro 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
- -$1,219/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 the metro
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
- 1.34%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $235,686 | $1,090 |
| Aug 2022 | $262,602 | $1,215 |
| Aug 2023 | $276,721 | $1,301 |
| Aug 2024 | $289,388 | $1,325 |
| Aug 2025 | $306,256 | $1,424 |
| Aug 2026 | $322,198 | $1,450 |
Counties
- Lebanon County, PA5.7% median yield
Tools
Questions
- Is the Lebanon, PA metro good for rental property?
- The typical home here runs -$1,219 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.7%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Lebanon, PA metro have the highest rental yield?
- 17067 (Myerstown) at 5.9%, 17042 (Lebanon) at 5.7%, 17046 (Lebanon) at 5.7%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.