South Lebanon

Downtown living, walkable charm

$320K – $420K

Typical Price Range

Character

Tree-lined streets with a mix of 1940s-60s bungalows and updated craftsman-style homes. Walking distance to Cheadle Lake, the public library, and downtown shops along Main Street.

Property Types

Primarily single-family homes on smaller lots (5,000-8,000 sq ft). Mix of 2-3 bedroom bungalows and updated 3-4 bedroom craftsman homes. Some townhomes near downtown.

Key Highlights

Downtown walkability

Historic character homes

Community events

Local restaurants

Market Stats

$358K

Average Home Price

71 days

Avg Days on Market

8.2%

Inventory Turnover

Schools

Cascades Elementary

Lebanon Middle School

Lebanon High School

What Residents Love

+Saturday farmers market

+Cheadle Lake park access

+Walkable downtown shops

+Community library events

+Local coffee roasters

+Historic home character

+Affordable entry prices

+Tight-knit community

Life in South Lebanon

Daily life in South Lebanon revolves around the walkable downtown core. Residents grab coffee at local roasters, walk to Cheadle Lake, and browse the Saturday farmers market. The neighborhood has a strong community feel — neighbors know each other, and community events at the library and park are well-attended. It is one of the most affordable entry points into Lebanon real estate, making it popular with first-time buyers and downsizers who value convenience and character over new construction.

Best for

✓First-time home buyers seeking affordable entry prices
✓Downsizers who want walkable convenience
✓History buffs who love character homes
✓Families near downtown schools and parks

Commute times

South Lebanon is centrally located for commuters. Downtown Lebanon employers are within walking or biking distance. Corvallis is 25 minutes via Highway 20, Albany is 15 minutes via US-20, and Salem is about 55 minutes via I-5. Highway 20 access is 5 minutes north.

Nearby landmarks and attractions

Cheadle Lake Park — 80-acre lake with fishing, trails, and picnic areas

Lebanon Public Library — community hub with events and programs

Main Street shops and restaurants — walkable downtown district

Saturday Farmers Market — seasonal produce and local vendors (May–October)

River Park — Santiam River access and walking trails

Ralston Park Pool — public outdoor swimming pool

Frequently asked questions about South Lebanon

What is the average home price in South Lebanon?

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As of Q1 2026, the average home price in South Lebanon is approximately $358,000, with homes typically ranging from $320K to $420K. This makes it one of the most affordable neighborhoods in Lebanon, Oregon.

Is South Lebanon walkable?

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Yes, South Lebanon is the most walkable neighborhood in Lebanon. Residents can walk to downtown shops, restaurants, Cheadle Lake Park, and the public library. The Saturday farmers market is also within walking distance.

What schools serve South Lebanon?

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South Lebanon is served by Cascades Elementary, Lebanon Middle School, and Lebanon High School, all part of Lebanon Community School District 9 which has a 91% graduation rate.

How long does it take to commute from South Lebanon to Corvallis?

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The commute from South Lebanon to Corvallis is approximately 25 minutes via Highway 20. Albany is about 15 minutes away, making South Lebanon convenient for commuters to either city.

Related resources

Lebanon Market Report

Full quarterly market data and trends.

Compare Cities

See how Lebanon compares to Albany and Corvallis.

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