Rent to own Homes in Lebanon, PA
Located in Southeastern Pennsylvania, Lebanon is a city that spans a little over four square miles and provides a home to about 24,461 residents, according to the 2010 Census. As the seat of Lebanon county, it didn't always go by this name. Residents once called it Steitztown instead. Lebanon has a few different claims to fame. It was the birthplace of Lebanon Bologna, host to a Bethlehem Steel mill and home to quarterback Kerry Collins and composer Thomas Albert.
Lebanon, PA is a great place for affordable rent-to-own homes! With a median household income of over $40,380 and a median rent of $821, the Lebanon, PA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lebanon, PA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lebanon, PA Property Resources
Rent to own Homes in Cities Near Lebanon, PA
- Akron
- Alleghenyville
- Avon
- Baumstown
- Blandon
- Bowmansville
- Cleona
- Denver
- Farmersville
- Fivepointville
- Fox Chase
- Frystown
- Goodville
- Hebron
- Kenhorst
- Lancaster
- Landingville
- Lebanon South
- Leola
- Lititz
- Manheim
- Mount Gretna
- Mount Penn
- Myerstown
- New Holland
- Newmanstown
- New Schaefferstown
- Oley
- Orwigsburg
- Paradise
- Penryn
- Pleasant Hill
- Quentin
- Ravine
- Reamstown
- Riverview Park
- Rothsville
- Schaefferstown
- Shartlesville
- Shillington
- Sinking Spring
- Smoketown
- Soudersburg
- South Temple
- Springmont
- Stevens
- Stony Creek Mills
- Strausstown
- Summit Station
- Swartzville
Neighborhoods in Lebanon, PA
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No zip codes foundBuying a Home in Lebanon, PA
Lebanon, PA is seeing rapid growth and Lebanon, PA's' housing market remains optimal with an average home price that is -54% below the 2024 national average. Lebanon, PA is part of Lebanon county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lebanon is 1.27% which is above the national average, which is 0.99%.
Median Home Price in Lebanon, PA
Median Rent in Lebanon, PA
Top 4 Reasons to Live in Lebanon, Pennsylvania
Affordable housing! The median price for Lebanon homes for sale was $129,000 as of November 2014. With a price of about $93 per square foot, you're sure to find options in your price range. Among the most in-demand neighborhoods in Lebanon are Prescott/Edisonville, Sand Hill and City Center. Rent to own homes are often available in these areas as well.
Variety of rental homes! The median rental price of homes in Lebanon, Pennsylvania is about $200 less than those in the rest of the country and over $100 less than the median rents throughout Pennsylvania. The city is a little over 50 percent renter occupied with vacancy rates that vary by neighborhood. The Cumberland Street / South 12th Street area is popular due to the low rent rates, which run about 50 percent less than the rest of Pennsylvania. Start your search early in this area because the vacancy rate hovers around 3 percent. Rocherty has a higher vacancy rate, coming in at about 6 percent, but rents are about $200 more there.
Many outdoor activities! Lebanon, Pennsylvania is sure to delight those who like spending time outdoors. The area has multiple golf courses as well as trails for hiking and biking. Kayaking is a popular pastime among the locals, as is fishing. Lion's Lake and Stoever's Dam Park are just a short drive away from any Lebanon neighborhood, offering not only fishing but also picnic areas, playgrounds, boat docks and softball fields. Stoever's Dam Park even offers an arboretum, hiking trails, flower gardens and areas designated for camping.
Many restaurants! Those who call Lebanon home often dine at places like Trattoria Fratelli for Italian fare and Rocco's Philadelphia Hoagies for Philly style subs. Community locals head to places like Heisey's Diner, Mel's Diner and Cedar Grill for burgers. A and M Pizza Restaurant and Infinito's Pizza Buffet attracts the pizza loving crowds. For special evenings out, Inn 422 is a popular choice.