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Lebanon city, OR

ZIP 97355 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97355

Median Home Value
$332,700
Median Rent
$1,115
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,137/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97355 in Lebanon city, OR, a household would need roughly $92,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,137. That is about 43% above the local median household income ($64,307), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
68.6%+5% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
10.8%-16% vs US avg
x
Built Post-2014
1.9%-73% vs US avg
x
Rent Burden >30%
24.1%-52% vs US avg
x
Mortgage-Free
36.6%-4% vs US avg
x
$332,700
Home Value
$1,115
Rent
1978
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.0%
  • 1-unit attached3.1%
  • 2-9 units8.3%
  • 10+ units8.4%
  • Mobile home & other16.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$332,700
Median rent$1,115
Owner-occupied68.6%
Vacant4.2%
Price-to-income5.2x
Est. income to buy$92,000