Lebanon, OH Airbnb Market Data, Statistics, and Occupancy Rates

Lebanon Short-Term Rental Market Overview

Lebanon, OH is a compact short-term rental market with just 22 active Airbnb listings and an average daily rate of $317—well above the $250 Ohio state average. Annual revenue averages $31,756 per listing, and the market's ROI score of 60 out of 100 reflects a healthy balance of demand and revenue relative to property values. With above-average occupancy stability and favorable supply/demand dynamics, Lebanon presents an attractive entry point for investors seeking a smaller, less saturated Ohio market.

Key Market Statistics

According to Rabbu market data, the Lebanon short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Lebanon

Investors are drawn to Lebanon for its above-average nightly rates, tight supply, and stable occupancy patterns that combine to deliver solid revenue relative to the market's size.

Expert Market Assessment

"Lebanon earns an 'Attractive Opportunity' designation, driven by a nightly rate premium and favorable supply/demand conditions in a market that remains quite small. Seasonality is pronounced—July revenue of $5,026 is nearly four times the January low of $1,323—so investors should plan for lean winter months and capitalize aggressively on the June-through-August window. The above-average occupancy stability helps cushion off-peak periods, but the below-average market growth trend suggests revenue gains will come more from operational excellence and pricing strategy than from a rising tide lifting all boats."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Lebanon

Average revenue by month in Lebanon

Revenue in Lebanon follows a sharp seasonal curve, peaking in July at $5,026 and bottoming out in February at $1,304—a nearly 4x spread that underscores the importance of summer pricing strategy. A secondary uptick in October ($3,077) and November ($2,816) suggests fall demand provides a meaningful revenue boost beyond the core summer season.

Active Airbnb listings by property size in Lebanon

The entire market's reported listings by size consist of 7 one-bedroom units, indicating that smaller properties dominate Lebanon's Airbnb supply. Investors considering larger multi-bedroom properties may find an underserved niche, though the limited data makes it important to validate demand for bigger units before committing.

Average daily rate (ADR) by property size in Lebanon

One-bedroom listings in Lebanon command an ADR of $121, considerably below the market-wide average of $317, which suggests that the higher overall ADR is driven by unlisted or less common larger property types. This gap hints at pricing power for investors who can offer multi-bedroom or unique accommodations.

Average RevPAN by property size in Lebanon

One-bedroom properties deliver a RevPAN of $74, reflecting solid occupancy that helps compensate for their lower nightly rate. For investors focused on per-night yield, this represents a reliable if modest baseline, with potential upside from properties that can command higher ADRs.

Average occupancy rates by property size in Lebanon

One-bedroom units enjoy a strong 61% occupancy rate—double the market-wide 30% average—indicating these smaller listings attract consistent bookings throughout the year. This high fill rate provides more predictable cash flow and reduces the risk of extended vacancies.

Average monthly revenue by property size in Lebanon

One-bedroom properties generate an average of $1,786 per month, which sits below the overall market average of $2,646. The difference signals that larger or premium properties in Lebanon are pulling the market average upward, and investors in the one-bedroom segment should calibrate expectations accordingly.

Average annual revenue by property size in Lebanon

At $21,437 in annual revenue, one-bedroom listings offer a more accessible entry point but lag the market-wide average of $31,756 by roughly $10,000. Investors seeking higher absolute returns may want to explore larger property configurations, though the trade-off in acquisition cost and management complexity should be weighed carefully.

Most common amenities for Airbnb listings in Lebanon

Dryer and parking appear in 100% of Lebanon listings, while washer and kitchen follow at 96%, establishing these as baseline guest expectations rather than differentiators. Outdoor features like patios (68%), backyards (68%), and BBQ grills (46%) are common, while amenities like pools (14%), lake access (9%), and hot tubs (5%) remain rare—presenting potential competitive advantages for properties that offer them.

Understanding Lebanon's ROI Score: 60/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Lebanon's ROI score of 60 out of 100 places it in the 'Attractive Opportunity' band, reflecting an average revenue-to-price ratio balanced by above-average occupancy stability and supply/demand conditions. The below-average market growth trend is the primary drag on the score, suggesting that while current returns are healthy, rapid appreciation or revenue increases aren't strongly indicated. Pairing this data with thorough research into local STR regulations and neighborhood-level demand patterns will give investors the clearest picture of where Lebanon fits in their portfolio strategy.

Short-Term Rental Regulations in Lebanon

Understanding local STR regulations is essential before investing in Lebanon. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Lebanon, OH may need to register or obtain a permit from the city before listing their property. Investors should verify current requirements directly with the City of Lebanon and Warren County, as Ohio municipalities can set their own STR regulations.

Key Restrictions

Common restrictions that may apply include occupancy limits, minimum stay requirements, noise ordinances, and parking provisions for guests. Some properties may also be subject to HOA rules that limit or prohibit short-term rentals, so reviewing any deed restrictions or association bylaws before purchasing is strongly recommended.

Tax Obligations

STR hosts in Ohio are generally subject to state sales tax and local lodging or transient occupancy taxes, which platforms like Airbnb often collect and remit on behalf of hosts. Investors should confirm their obligations with the Ohio Department of Taxation and the local tax authority to ensure full compliance.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Lebanon can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Lebanon's STR market is expected to maintain its seasonal rhythm, with summer months—particularly July—driving the bulk of annual income. Given the 186% year-over-year growth in active listings, new supply could put modest pressure on occupancy, though the market's small base means demand absorption will be key to watch. ADR may hold steady or see incremental gains of 1–3% as operators refine pricing around peak events, but investors should factor in softer winter months when revenue can dip below $1,400."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Lebanon, OH

What is the average Airbnb occupancy rate in Lebanon?

The average occupancy rate for Airbnb listings in Lebanon, OH is currently 30%, which sits slightly below the Ohio state average of 34%. However, occupancy stability in this market is rated above average, meaning month-to-month swings tend to be more predictable. One-bedroom listings specifically achieve a notably higher occupancy rate of 61%, suggesting smaller properties stay booked more consistently.

How much do Airbnb hosts make in Lebanon?

Airbnb hosts in Lebanon earn an average of $2,646 per month, which translates to approximately $31,756 annually based on trailing 12-month performance. Revenue varies significantly by season—July is the top-earning month at $5,026, while February dips to around $1,304. One-bedroom properties, which make up the bulk of the market, average about $1,786 per month or $21,437 per year.

Is Lebanon a good market for Airbnb investment?

Lebanon carries an ROI score of 60 out of 100, which Rabbu classifies as an 'Attractive Opportunity.' The market benefits from a strong ADR of $317 (above the Ohio average), above-average occupancy stability, and favorable supply/demand balance with only 22 active listings. Investors should weigh this against average home values of $597,359 and the pronounced seasonality, planning for lower-revenue winter months while targeting strong summer returns.

What is the average daily rate (ADR) for Airbnb in Lebanon?

The average daily rate for Airbnb listings in Lebanon is $317, which is $67 above the Ohio state average of $250. One-bedroom listings specifically command an ADR of $121. The market-wide figure reflects the mix of property types and seasonal pricing, with rates likely peaking during the busy summer months.

Are short-term rentals legal in Lebanon?

Short-term rentals are generally permitted in Lebanon, OH, though operators may be required to register or obtain permits from local authorities. Regulations can vary at the city and county level, so prospective investors should check with the City of Lebanon and Warren County for the most current rules. Ohio municipalities retain the ability to set their own STR ordinances, including restrictions on occupancy, parking, and noise.

When is peak season for Airbnb in Lebanon?

Peak season in Lebanon is unmistakably summer, with July standing out as the highest-revenue month at $5,026 in average revenue. June ($3,320) and August ($3,682) round out a strong core season. October also shows a secondary bump at $3,077, likely driven by fall events and foliage. The slowest months are January and February, when average revenue drops to around $1,300.

How many Airbnbs are there in Lebanon?

As of April 2026, Lebanon has 22 active Airbnb listings. This represents a 186% year-over-year increase, indicating the market is growing quickly from a small base. The limited supply means less direct competition for hosts, but investors should monitor whether new entrants begin to outpace demand growth.

How is Airbnb revenue calculated in Lebanon?

The annual and monthly revenue figures for Lebanon are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the results into a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month draws on its own historical data. Individual results can vary based on property quality, pricing strategy, and how well the listing is managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for the Lebanon, OH market
• Average daily rate, occupancy, and RevPAN metrics with state-level comparisons
• Monthly and annual revenue trends based on trailing 12-month booking data
• Property size breakdowns for listings, rates, occupancy, and revenue
• Data sourced from Rabbu proprietary analytics and the Zillow Home Value Index

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and current market snapshots as of April 2026; conditions may change. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.