Lebanon, Oregon Real Estate Guide
Lebanon, Oregon is a Willamette Valley city of about 19,000 people sitting at the foot of the Cascade foothills, 25 minutes east of Corvallis and 15 minutes from Albany. Median home prices run roughly 30% below Corvallis, the public school district holds a 91% graduation rate, and 300+ acres of city parks plus McDowell Creek Falls put nature at the doorstep. Whether you're commuting to OSU, settling near Samaritan Hospital, or looking for acreage in Hamilton Creek, this guide walks you through Lebanon's four neighborhoods, market data, and the resources you need to buy or sell here.
Explore Lebanon Neighborhoods
Four distinct areas, each with its own character. Find the one that fits your lifestyle.
South Lebanon
Downtown living, walkable charm
Close to downtown with walkable shops, restaurants, and community events. A mix of classic bungalows and updated homes near Cheadle Lake Park and the Saturday farmers market.
$320K–$420K · Avg. $358K
East Lebanon
Cascade foothills, recreation at your door
Gateway to the Cascade foothills with outdoor recreation and larger lots (0.25–1+ acres). Ideal for buyers who want nature access, hobby-farm potential, and mountain views.
$350K–$475K · Avg. $398K
North Lebanon
Family-friendly, modern builds
Lebanon's fastest-growing area with newer construction (2015–2026), sidewalks throughout, and the best Highway 20 commuter access for OSU and HP employees.
$375K–$450K · Avg. $415K
Hamilton Creek
Private estates, premium living
Lebanon's most exclusive enclave — custom-built homes on 1–10+ acre parcels with creek frontage, mature timber, and no HOA. Equestrian-friendly.
$425K–$600K+ · Avg. $512K
Why Lebanon?
30% more affordable than Corvallis, 25 minutes away, surrounded by 300+ acres of parks. One of Oregon's best-kept real estate secrets.
Median home price comparison (Q1 2026)
Location
25 minutes to Corvallis and Albany via Highway 20. Strategic Willamette Valley position with quick I-5 access. Salem is 55 minutes north.
Nature
300+ acres of city parks, Cheadle Lake, Cascade foothills access, and McDowell Creek Falls 20 minutes east. The Santiam River runs through town.
Economy
Anchor employers include Lowe's Distribution Center, Samaritan Lebanon Community Hospital, Entek, and the COMP-Northwest medical school.
Schools
Lebanon Community School District (91% graduation rate) plus Sand Ridge Charter School (rated 9/10). Hamilton Creek, Riverview, Cascades, Green Acres elementaries.
Resources for buyers and sellers
First-time buyer guide
Oregon assistance programs, step-by-step process, and Lebanon affordability data.
Selling your home
Pricing strategy, staging tips, and timeline expectations for Lebanon sellers.
Mortgage calculator
Estimate monthly payments with current rates and down payment scenarios.
School guide
Lebanon CSD overview, school ratings, and how schools impact home values.
Moving to Lebanon
Schools, employers, healthcare, recreation, and everything for your move.
Lebanon real estate FAQ
18 answers about living in Lebanon — property taxes, weather, recreation, and more.
Frequently asked questions
What is the median home price in Lebanon, Oregon?
As of Q1 2026, the median home price in Lebanon is approximately $395,000, with neighborhood averages ranging from $358K in South Lebanon to $512K in Hamilton Creek.
Is Lebanon, Oregon a good place to live?
Lebanon offers Willamette Valley affordability with strong fundamentals: a 91% high school graduation rate, 300+ acres of city parks, anchor employers including Samaritan Hospital and Lowe's Distribution, and a 25-minute commute to Corvallis or 15 minutes to Albany.
How far is Lebanon from Corvallis, Albany, and Salem?
Lebanon to Corvallis is 25 minutes via Highway 20. Lebanon to Albany is 15 minutes via US-20. Lebanon to Salem is approximately 55 minutes via I-5 through Albany. Lebanon to Eugene is about 50 minutes south on I-5.
What are the best neighborhoods in Lebanon, Oregon?
Lebanon has four primary neighborhoods. South Lebanon offers walkable downtown living from $320K. East Lebanon provides Cascade foothills access and larger lots from $350K. North Lebanon is the family-friendly growth corridor with newer construction from $375K. Hamilton Creek is the premium estate area with custom homes on acreage from $425K.
What schools serve Lebanon, Oregon?
Lebanon is served by Lebanon Community School District 9, which has a 91% graduation rate. Elementary schools include Cascades, Green Acres, Hamilton Creek, and Riverview. Sand Ridge Charter School is a highly-rated K-8 option. Lebanon Middle School and Lebanon High School serve the entire city.
What are property taxes like in Lebanon?
Property taxes in Lebanon, Linn County typically run between 1.0% and 1.3% of assessed value annually. Linn County's effective property tax rate is generally lower than Benton County (Corvallis), one factor in Lebanon's overall affordability advantage.
What outdoor recreation is near Lebanon?
Lebanon has 300+ acres of city parks including Cheadle Lake (80-acre fishing lake), River Park on the Santiam, and Ralston Park. McDowell Creek Falls is a 20-minute drive. The Cascade foothills offer hiking, mountain biking, and horseback riding trails. Waterloo County Park provides swimming and camping 10 minutes east.
Is Lebanon growing?
Yes. Lebanon is one of Linn County's fastest-growing cities, with North Lebanon's growth corridor adding new subdivisions of energy-efficient homes annually. The COMP-Northwest medical school and expanding Samaritan Health system continue to bring new residents to the area.
Ready to find your Lebanon home?
Let Team Gillott guide you through every step — from neighborhood selection to closing day.
