Lebanon, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lebanon Neighborhoods Since 2000




Lebanon, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lebanon Housing Market Information

With a population of 15,892, 6,721 total housing units (homes and apartments), and a median house value of $150,044, Lebanon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lebanon, accounting for 60.12% of the city's housing units. Other types of housing that are prevalent in Lebanon include large apartment complexes or high rise apartments ( 16.04%), duplexes, homes converted to apartments or other small apartment buildings ( 13.17%), and a few mobile homes or trailers ( 8.10%).

People in Lebanon primarily live in small (one, two or no bedroom) single-family detached homes. Lebanon has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lebanon built from 1970 to 1999 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 between 1940-1969 ( 22.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.01%). There's also some housing in Lebanon built before 1939 ( 16.89%).

Lebanon Home Appreciation Rates

Appreciation rates for homes in Lebanon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.61%, which ranks in the top 40% nationwide. This equates to an annual average Lebanon house appreciation rate of 0.45%.

NeighborhoodScout's data show that during the latest twelve months, Lebanon's appreciation rate, at 4.49%, has been at or slightly above the national average. In the latest quarter, Lebanon's appreciation rate has been -0.60%, which annualizes to a rate of -2.40%.

Notably, Lebanon's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Lebanon's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$150,044

Lebanon, IN HOME PRICES

Value Range
> $1,115,000 0.0
$836,001 - $1,115,000 0.0
$557,001 - $836,000 0.9
$446,001 - $557,000 0.6
$334,001 - $446,000 0.8
$223,001 - $334,000 10.6
$112,001 - $223,000 48.6
$56,001 - $112,000 27.8
$0 - $56,000 10.6

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
49.9941403961092 29.185520361991

Number Of Homes And Apartments:
6,721

Lebanon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
20.77% 1.10% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$815 / per month

Homeownership Rate

Homeownership
Owners 60.17
Renters 39.83
Vacant 8.17

Housing Market Details

 

Age of Homes

AGE OF Lebanon HOMES
2000 or Newer 18.0
1970 - 1999 42.4
1940 - 1969 22.7
1939 or Older 16.9

Types of Homes

TYPE OF Lebanon HOMES
Single-Family 60.1
Townhomes 2.6
Small Apt. Buildings 13.2
Apt. Complexes 16.0
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Lebanon HOMES
No Bedroom 2.86
1 Bedroom 12.20
2 Bedrooms 35.03
3 Bedrooms 41.08
4 Bedrooms 7.64
5 or more bedrooms 1.19