Lebanon, IL housing market
Homes typically sell in 36 days, below asking.
Home values, sales, trends and how Lebanon compares with the towns next door — updated as new data is published.
Lebanon at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 47% in 5 years
The federal house price index for the ZIP code around Lebanon rose 47% over the past 5 years, about the same as across Illinois. Last year prices rose 5.7%. Carrying the Census median home value forward with that index puts the typical Lebanon home at roughly $265,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +5.7% | +96% | +96% |
| 2024 | 0% | +85% | +85% |
| 2023 | +15% | +85% | +73% |
| 2022 | +10% | +61% | +61% |
| 2021 | +9.2% | +46% | +44% |
| 2020 | −2.2% | +33% | +33% |
| 2019 | +7.7% | +36% | +32% |
| 2018 | −4.7% | +27% | +28% |
| 2017 | +8.4% | +33% | +25% |
| 2016 | +4.5% | +22% | +22% |
| 2015 | −6.2% | +17% | +19% |
| 2014 | +1.9% | +25% | +15% |
| 2013 | +2.1% | +22% | +11% |
| 2012 | −0.5% | +20% | +11% |
| 2011 | −2.7% | +20% | +14% |
| 2010 | −3.5% | +24% | +21% |
| 2009 | −2.8% | +28% | +29% |
| 2008 | −2.7% | +32% | +40% |
| 2007 | +1.6% | +36% | +45% |
| 2006 | +7% | +34% | +43% |
| 2005 | +2.6% | +25% | +35% |
| 2004 | +7.7% | +22% | +24% |
| 2003 | +3% | +13% | +15% |
| 2002 | +2% | +9.9% | +11% |
| 2001 | +7.7% | +7.7% | +5.6% |
| 2000 | — | — | — |
How Lebanon ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 62254, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
2 new homes permitted in 2025
Builders were permitted 2 new homes in Lebanon in 2025, all single-family houses. That's 0.4 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Lebanon has permitted 51 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lebanon gained 273 residents while 135 new homes were permitted: about 2 new residents per new home. Building and growth moved roughly in step.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $686,000 |
| 2025 | 2 | 2 | 0 | $229,000 |
| 2024 | 6 | 2 | 4 | $933,000 |
| 2023 | 4 | 4 | 0 | $1.1 million |
| 2022 | 6 | 6 | 0 | $1.7 million |
| 2021 | 8 | 6 | 2 | $2 million |
| 2020 | 6 | 4 | 2 | $1.4 million |
| 2019 | 6 | 6 | 0 | $1.3 million |
| 2018 | 7 | 7 | 0 | $1.2 million |
| 2017 | 2 | 2 | 0 | $350,000 |
| 2016 | 4 | 4 | 0 | $595,000 |
| 2015 | 2 | 2 | 0 | $382,000 |
| 2014 | 30 | 6 | 24 | $3.4 million |
| 2013 | 31 | 4 | 27 | $2.4 million |
| 2012 | 20 | 4 | 16 | $1.3 million |
| 2011 | 7 | 7 | 0 | $795,000 |
| 2010 | 26 | 9 | 17 | $2.3 million |
| 2009 | 27 | 5 | 22 | $1.6 million |
| 2008 | 35 | 19 | 16 | $2.2 million |
| 2007 | 36 | 15 | 21 | $3.4 million |
| 2006 | 21 | 15 | 6 | $2.5 million |
| 2005 | 60 | 42 | 18 | $6.5 million |
| 2004 | 72 | 48 | 24 | $6.7 million |
| 2003 | 49 | 19 | 30 | $3.7 million |
| 2002 | 9 | 9 | 0 | $1.1 million |
| 2001 | 22 | 22 | 0 | $2 million |
| 2000 | 1 | 1 | 0 | $200,000 |
How Lebanon ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
1.9 years of income
The typical Lebanon home costs about 1.9 years of the town's median household income, less than across Illinois (3.6 years).
How Lebanon ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,340
HUD's Fair Market Rent for a two-bedroom in Lebanon is $1,340 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lebanon pay a median of $1,091, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $1,050 · 4 bedrooms $1,990
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62254; St. Louis, MO-IL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.