Lebanon, NH Housing Market
AI-powered market intelligence for the Lebanon-Claremont, NH-VT metro area.
PropertyIQ Scores
Lebanon, NH Market Analysis
Market Overview
The Lebanon-Claremont, NH-VT market posts a PropertyIQ Score of 62 out of 100, a moderate reading rather than a strong or distressed market. The top score drivers are a median days on market of 65 days and a 14.9% share of listings with a price cut, meaning homes are taking about two months to sell and a visible minority of sellers are adjusting prices. With 1,062 homes for sale, buyers have options, but the overall score signals balanced-to-soft conditions instead of a strong seller’s market.
The area compares favorably to state benchmarks on price: the median home value is $452,000, below the state average of $516,306, and the rent index is $1,209, below the state average of $1,491. However, the local median household income of $83,269 also trails the state average of $99,031, so affordability gains are partly offset by lower local purchasing power. Unemployment matches the state average at 2.8%. Population growth is not available in the provided data, which limits any migration-driven demand analysis.
Key Trends
First, Lebanon-Claremont is more affordable than the state overall, but not dramatically once incomes are considered. The median home value is about 12% below the state average, while the rent index is about 19% below the state average; median household income is about 16% below the state benchmark. This keeps the market accessible relative to higher-priced parts of the state, but local buyers may still feel stretched.
Second, home values are flat on a year-over-year basis. The reported home value year-over-year change is $0, indicating no annual price growth or decline in the dataset. Combined with the 65-day median days on market, this suggests demand is steady enough to hold prices level, but not strong enough to push them upward.
Third, listing activity points to a slower, more negotiable market. The 65 days on market and 14.9% share of listings with a price cut are the top PropertyIQ score drivers, showing that price reductions are a meaningful part of the market and that homes do not move quickly. With 1,062 homes for sale, this adds up to buyer-friendly conditions with more room for negotiation than in a hot market.
Fourth, employment is stable but household income trails the state. Unemployment is 2.8%, equal to the state average, which supports housing demand. However, median household income of $83,269 is below the state average of $99,031, reinforcing price sensitivity despite lower home values and rents.
Who Is This Market For
Lebanon-Claremont is likely best suited for budget-conscious buyers and first-time buyers who want a lower entry point than the state median of $516,306. A median home value of $452,000 is still substantial, but the 65-day marketing time and 14.9% price-cut share may provide more negotiating power than a faster market would. The flat year-over-year price movement also reduces the pressure of rapid appreciation for buyers.
Move-up buyers may find this market workable if they already have home equity and are trading within a flat-price environment. They should not expect large short-term equity gains, given the $0 annual home value change, but they may benefit from less competition and available inventory. For investors, the $1,209 rent index is below the state average of $1,491, which could attract tenants seeking lower rents, though the $452,000 median home value and 65 days on market mean returns and liquidity should be evaluated carefully. The unavailable population growth data makes it hard to gauge whether tenant demand is expanding.
Outlook
The data supports a stable, moderate outlook for Lebanon-Claremont. The $0 year-over-year home value change suggests little pricing momentum, while 65 days on market and a 14.9% share of listings with a price cut indicate sellers may continue to face longer timelines and occasional price adjustments. A 2.8% unemployment rate matching the state average offers a solid employment foundation, and 1,062 homes for sale provides buyers with choices. Overall, the 62 PropertyIQ Score points to a market where patience and realistic pricing matter more than appreciation. Because population growth is not available, the longer-term demand picture remains uncertain; the current metrics alone support a measured, not speculative, outlook.
AI-generated analysis based on current market data. Last updated October 4, 2026.
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Lebanon, NH market data
Lebanon, NH Housing Market Overview
Lebanon, NH's median home value is $270K. Homes here sell in a median 65 days. Its PropertyIQ Score of 62 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Lebanon, NH metropolitan area represents a distinct segment of NH's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
New England's housing market is shaped by historic density, prestigious universities, and a mature healthcare and biotech economy. Markets here tend toward stability, with slower but steady appreciation driven by constrained supply and strong institutional demand. Within the New England, Lebanon, NH's PropertyIQ Score of 62 ranks among the New England's stronger demand signals.
The PropertyIQ Score for the Lebanon, NH market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag.
Explore the interactive map to see how Lebanon, NH compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Lebanon, NH metro area
ZIP codes in the Lebanon, NH metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Lebanon, NH a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Lebanon, NH currently scores 62, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $270K. So whether Lebanon, NH is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Lebanon, NH?
Lebanon, NH's PropertyIQ Score is 62, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 62 places Lebanon, NH above its state benchmark.
How quickly do homes sell in Lebanon, NH?
In Lebanon, NH, homes sell in a median of 65 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 15% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Lebanon, NH market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.