Lebanon, MO

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Lebanon short-term rental market based on reliable data.

Listings

111 / 185

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$17,222

Middle-Earners Revenue

Occupancy

44%

Middle-Earners Occupancy

Home Value

$230,793

Median Home Sale Price

Top Earners

$29,692

Top-Earners Revenue

Lebanon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lebanon.

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B

Generally Investor friendly

Lebanon Regulations

Lebanon explicitly allows STRs citywide but requires a conditional use permit with planning commission review, potential public hearing, and annual inspections. Fees are modest and the process is clear, with no reported caps, but the permitting step adds moderate burden and compliance oversight.

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About Lebanon

Lebanon is a small city in south-central Missouri and serves as the county seat of Laclede County. With a population of approximately 14,500 residents, it sits squarely in the Ozarks region along Interstate 44, an increasingly popular stop for travelers exploring the rolling hills, springs, and forests of the central United States. The city is best known as a gateway to outdoor recreation in the Ozarks and as a place where the legacy of historic Route 66 remains visible in murals, neon, and a still-walkable stretch of the old highway. Lebanon lies roughly 55 miles northeast of Springfield, the nearest major city, and is a convenient day-trip distance from the Lake of the Ozarks region to the northwest.

A short drive west of town brings visitors to Bennett Spring State Park, one of Missouri's most beloved outdoor destinations, located about 12 miles from downtown Lebanon. The park is anchored by one of the state's largest natural springs, which feeds a cold, clear stream stocked daily with rainbow trout during the fishing season. Beyond angling, the park offers shaded campgrounds, rustic cabins, hiking trails, a nature center, and a dining lodge, making it a year-round draw for families, couples, and traveling fishermen.

Lebanon itself sits along the path of historic Route 66, and the city's connection to the "Mother Road" is one of its defining cultural features. Travelers can still drive portions of the original alignment through town, stop at preserved mom-and-pop motels and diners, and explore the Route 66-themed murals and small museums that celebrate the highway's mid-century heyday. This nostalgic appeal, combined with the city's position along the modern I-44 corridor, gives Lebanon a steady stream of road-trippers and motorcycle enthusiasts who appreciate the blend of old and new Americana.

To the northwest, roughly 45 miles from Lebanon, the Lake of the Ozarks region offers a completely different kind of getaway, centered on boating, swimming, lakeside dining, and resorts. Ha Ha Tonka State Park, situated on a bluff above the lake, adds hiking, castle ruins, and spring-fed streams to the mix, while the broader Lake area draws millions of visitors each year from across the Midwest.

Lebanon's appeal as a base for short-term rentals rests on this combination: an affordable, well-located Ozarks town with quick access to one of Missouri's premier trout parks, the cultural pull of Route 66, and a manageable drive to the Lake of the Ozarks. For guests looking to pair small-town charm with easy day trips into some of the state's most scenic country, the city offers a comfortable and well-connected home base.

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