Lebanon, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lebanon Neighborhoods Since 2000




Lebanon, KY 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 5,680, 2,336 total housing units (homes and apartments), and a median house value of $97,060, 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 67.32% of the city's housing units. Other types of housing that are prevalent in Lebanon include duplexes, homes converted to apartments or other small apartment buildings ( 13.80%), large apartment complexes or high rise apartments ( 11.56%), and a few mobile homes or trailers ( 6.09%).

The most prevalent building size and type in Lebanon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.08% owning and 43.92% renting.

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 ( 34.53%). A lesser amount of the housing stock also hails from before 1939 ( 14.41%). There's also some housing in Lebanon built between 2000 and later ( 5.59%).

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 1.02%, which ranks in the top 50% nationwide. This equates to an annual average Lebanon house appreciation rate of 0.10%.

Over the last year, Lebanon appreciation rates have trailed the rest of the nation. In the last twelve months, Lebanon's appreciation rate has been 1.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lebanon were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$97,060

Lebanon, KY HOME PRICES

Value Range
> $1,038,000 0.7
$779,001 - $1,038,000 0.0
$519,001 - $779,000 0.0
$415,001 - $519,000 1.5
$311,001 - $415,000 3.3
$208,001 - $311,000 9.2
$104,001 - $208,000 32.5
$52,001 - $104,000 40.2
$0 - $52,000 12.7

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
79.4591585608813 59.1478696741855

Number Of Homes And Apartments:
2,336

Lebanon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
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
26.19% 1.36% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$737 / per month

Homeownership Rate

Homeownership
Owners 56.08
Renters 43.92
Vacant 9.98

Housing Market Details

 

Age of Homes

AGE OF Lebanon HOMES
2000 or Newer 5.6
1970 - 1999 45.5
1940 - 1969 34.5
1939 or Older 14.4

Types of Homes

TYPE OF Lebanon HOMES
Single-Family 67.3
Townhomes 1.2
Small Apt. Buildings 13.8
Apt. Complexes 11.6
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Lebanon HOMES
No Bedroom 1.70
1 Bedroom 10.13
2 Bedrooms 22.47
3 Bedrooms 49.36
4 Bedrooms 15.07
5 or more bedrooms 1.27