Department of Numbers

Lebanon Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in Lebanon, PA (the Lebanon metro area) was $786 in 2015 according to the Census ACS survey.1 Average gross rent in Lebanon was $811 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Lebanon median and average rent data will be released in September of 2017.

Data is also available below for Lebanon rental vacancy rates, Lebanon rent as a percent of median income and the fraction of renters in Lebanon.

Show dollars as: Nominal Real

Real Gross Rent in Lebanon Pennsylvania (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Pennsylvania Median Gross Rent $868 +2.84% +8.50%
Lebanon, PA Median Gross Rent $786 +1.95% +8.26%

Lebanon, PA Real Gross Rent Trends

At $786, real median gross rent in Lebanon was at its highest level in 2015 since the series began in 2005. At $811, real average gross rent in Lebanon was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Lebanon: Lebanon PA Median, Lebanon PA Average, Pennsylvania Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lebanon

Date US
Median
Pennsylvania
Median
Lebanon, PA
Median
Lebanon, PA
Average
2015 $959 $868 $786 $811
2014 $930 $844 $771 $776
2013 $898 $822 $766 $763
2012 $886 $800 $726 $759
2011 $887 $800 $712 $714
2010 $901 $804 $729 $730
2009 $905 $793 $677 $713
2008 $920 $811 $706 $699
2007 $874 $759 $671 $666
2006 $883 $769 $675 $677
2005 $858 $762 $667 $680

Lebanon Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Lebanon Pennsylvania was 5.41% according to Census ACS data.

Rental Vacancy Rate in Lebanon Pennsylvania

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Pennsylvania 5.77% -0.63% -0.11%
Lebanon, PA 5.41% +3.39%

Trends in Lebanon, PA Rental Vacancy Rate

The rental vacancy rate in Lebanon peaked in 2006 at 9.47%. Since then it has fallen by 4.06% to 5.41%. Data records for this series originated in 2005. From a 2008 post peak low of 1.27%, the rental vacancy rate has increased by 4.14%.

Rental Vacancy Rate: Lebanon PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for Lebanon

Date US Pennsylvania Lebanon, PA
2015 5.85% 5.77% 5.41%
2014 6.32% 6.40% 2.02%
2013 6.49% 5.78%
2012 6.77% 5.88%
2011 7.40% 6.13% 2.52%
2010 8.17% 6.47% 7.29%
2009 8.43% 6.80% 3.17%
2008 7.86% 6.65% 1.27%
2007 7.87% 7.34% 1.42%
2006 7.70% 8.09% 9.47%
2005 7.74% 7.94% 3.09%

Rent as a Fraction of Income

Using median household income data for Lebanon, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lebanon, median monthly gross rent as a fraction of median household income was 17.94% in 2015 according to the ACS.

Lebanon Pennsylvania Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Pennsylvania 18.70% -0.42% +0.01%
Lebanon, PA 17.94% +0.74% +1.09%

Trends in Lebanon, PA Rent as a Fraction of Income

Lebanon renters paid 17.94% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Lebanon PA, Pennsylvania, US

Percent of median household income going towards median monthly gross rent in Lebanon Pennsylvania

Historical Data for Annual Rent as a Fraction of Income in Lebanon Pennsylvania

Date US Pennsylvania Lebanon, PA
2015 20.63% 18.70% 17.94%
2014 20.89% 19.12% 17.20%
2013 20.78% 19.11% 16.55%
2012 20.65% 18.69% 16.85%
2011 20.70% 18.78% 15.25%
2010 20.50% 18.58% 16.14%
2009 20.12% 17.88% 14.90%
2008 19.00% 17.18% 14.40%
2007 18.66% 16.92% 15.57%
2006 18.90% 17.22% 14.22%
2005 18.89% 17.43% 14.22%

Renter Fraction in Lebanon Pennsylvania

You can calculate the renter fraction in Lebanon in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Lebanon as a fraction of total Lebanon households. In 2015 32.20% of households were renters according to Census ACS data.

Lebanon Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Pennsylvania 31.28% +0.11% +0.19%
Lebanon, PA 32.20% +1.60% +2.53%

Trends in the Lebanon, PA Renter Fraction

At 32.20%, the 2015 household based renter fraction in Lebanon was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Lebanon PA, Pennsylvania, US

Fraction of renters in Lebanon

History of Lebanon Renter Fraction

Date US Pennsylvania Lebanon, PA
2015 36.97% 31.28% 32.20%
2014 36.90% 31.17% 30.60%
2013 36.50% 31.05% 31.00%
2012 36.09% 31.09% 29.67%
2011 35.42% 30.51% 26.34%
2010 34.65% 29.87% 28.11%
2009 34.13% 29.48% 26.66%
2008 33.36% 29.15% 25.72%
2007 32.80% 28.36% 25.48%
2006 32.73% 28.28% 23.40%
2005 33.10% 28.52% 28.52%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.