Lebanon, OR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

29 / 54

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$20,768

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$394,833

Median Home Sale Price

Top Earners

$41,475

Top-Earners Revenue

Lebanon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lebanon.

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C

Challenging to Investors

Lebanon Regulations

Lebanon allows STRs but only for owner‑occupied units and requires a Planning Commission review (conditional‑use, site‑plan, and any historic‑district approvals) before registration, plus county building inspections. These steps add moderate permitting costs and administrative steps, limiting the appeal for non‑owner‑investors.

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About Lebanon

Lebanon is a small city in Linn County, Oregon, situated in the heart of the Willamette Valley. With a population of approximately 17,000 residents, it carries a quiet, working-class character rooted in timber, farming, and the rhythms of rural Oregon life. The city functions as a natural gateway between the Willamette Valley lowlands and the forested slopes of the Cascade Range, making it a convenient staging point for outdoor adventures. It lies roughly halfway between Salem to the north and Eugene to the south, with Portland about 80 miles to the northwest.

Within the city itself, Cheadle Lake Park offers paved walking trails, a small lake for fishing, and picnic areas, giving visitors a relaxing spot to stretch their legs without leaving town. Just a short drive to the east, McDowell Creek Falls County Park provides a network of short forest trails that pass a series of cascading waterfalls through old-growth Douglas fir, about 20 miles from downtown Lebanon.

For water-based recreation, Foster Reservoir sits only minutes east of town and is followed further into the foothills by the larger Green Peter Lake, both of which draw boaters, anglers, and campers. Foster Reservoir is operated by the U.S. Army Corps of Engineers and offers miles of shoreline for day use. Beyond the lakes, the small community of Sweet Home lies roughly 25 miles east and serves as the western gateway to the Willamette National Forest, where visitors can access higher-elevation trails, old-growth stands, and the dramatic mountain scenery of the Cascades.

A bit further afield, Cascadia State Park, about 30 miles east of Lebanon, features a tall riverside waterfall, shaded hiking paths, and a historic settlement-era cabin that offers a glimpse into the area's pioneer past. To the west, the neighboring city of Albany is only about 15 miles away and rewards visitors with a well-preserved historic downtown full of antique shops, restaurants, and the hand-carved Albany Historic Carousel. The central Oregon Coast, reached by way of U.S. Route 20, is roughly a two-hour drive west.

Lebanon's appeal as a short-term rental base lies in its balance of small-town affordability and unusually broad access to recreation. Guests can spend a morning fishing or boating at Foster Reservoir, an afternoon hiking to a waterfall in the Cascades, and still make it back in time for a quiet evening on a residential street. That versatility — paired with reasonable drives to the coast, the mountains, and the larger cities of the Willamette Valley — gives Lebanon a kind of flexibility that few similarly sized Oregon towns can match.

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