Lebanon appreciation rates and housing market information

Lebanon housing market information

With a population of 14,216, 6,183 total housing units (homes and apartments), and a median house value of $128,886, house prices in Lebanon are solidly below the national average.

single-family detached homes are the single most common housing type in Lebanon, accounting for 64.52% of the city's housing units. Other types of housing that are prevalent in Lebanon include large apartment complexes or high rise apartments (14.86%), duplexes, homes converted to apartments, or other small apartment buildings (11.50%), mobile homes or trailers (5.74%), and a few row houses and other attached homes (3.38%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Lebanon. Owner-occupied housing accounts for 62.95% of Lebanon's homes, and 50.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lebanon built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lebanon built from 1939 and earlier (27.49%). A lesser amount of the housing stock also hails from 1940-1969 (24.78%), and some were built from 1995 and later (24.78%).

Lebanon home appreciation rates

Lebanon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lebanon during the period has been just 6.19%, which is lower than % of US communities.

Appreciation rates are so strong in Lebanon that despite a nationwide downturn in the housing market, Lebanon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lebanon appreciation rates continue to be some of the highest in America, at 3.10%, which is higher than appreciation rates in 76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lebanon. Lebanon appreciation rates in the latest quarter were at 2.26%, which equates to an annual appreciation rate of 9.04%.

Importantly, this makes Lebanon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Indiana, our data show that Lebanon's latest annual appreciation rate is higher than 58% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lebanon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lebanon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Lebanon real estate investment or home purchase decisions.