Side-by-side comparison of Lebanon, PA and Lock Haven, PA — cap rates, rent, prices, and investment metrics.
Cash flow: Lock Haven has the edge with an estimated cap rate of 3.22% compared to Lebanon's 2.89%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $305,000 in Lebanon vs $190,000 in Lock Haven, while rents come in at $1,370/mo and $910/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Lebanon is growing faster at 0.2% annually vs Lock Haven's 0.2%. Lebanon leads on home value appreciation at 2.3% per year.
Costs & risk: Property taxes are 1.38% in Lebanon vs 1.38% in Lock Haven. Vacancy rates of 6% and 6% are mixed — Lock Haven has the tighter rental market.
Entry point: Lock Haven offers a lower entry at $190K vs Lebanon's $305K — a difference of $115K. With a 20% down payment, that's $38K vs $61K. Lock Haven combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Lock Haven edges out Lebanon on most key metrics. While cap rates are moderate at 3.22%, Lock Haven's overall profile is stronger. Use our free calculators to model specific deals in Lebanon or Lock Haven.