Lebanon, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lebanon Neighborhoods Since 2000




Lebanon, KY Real Estate Data


Lebanon Housing Market Information

With 5,680 people, 2,314 houses or apartments, and a median cost of homes of $105,094, 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 67.93% 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 ( 16.15%), large apartment complexes or high rise apartments ( 9.38%), and a few mobile homes or trailers ( 5.48%).

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 54.23% owning and 45.77% 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 ( 34.48%). A lesser amount of the housing stock also hails from before 1939 ( 15.17%). There's also some housing in Lebanon built between 2000 and later ( 3.11%).

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 5.19%, which ranks in the top 50% nationwide. This equates to an annual average Lebanon house appreciation rate of 0.51%.

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 2.88%, 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 1.14%, which equates to an annual appreciation rate of 4.64%.

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:
$105,094

Lebanon, KY HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.3
$424,001 - $530,000 0.6
$318,001 - $424,000 3.4
$212,001 - $318,000 13.5
$106,001 - $212,000 31.5
$53,001 - $106,000 37.5
$0 - $53,000 13.3

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
75.6046143936289 50.6265664160401

Number Of Homes And Apartments:
2,314

Rent & Ownership

 

Average Market Rent:
$702 / per month

Homeownership Rate

Homeownership
Owners 54.23
Renters 45.77
Vacant 8.83

Housing Market Details

 

Age of Homes

AGE OF Lebanon HOMES
2000 or Newer 3.1
1970 - 1999 47.2
1940 - 1969 34.5
1939 or Older 15.2

Types of Homes

TYPE OF Lebanon HOMES
Single-Family 67.9
Townhomes 1.1
Small Apt. Buildings 16.2
Apt. Complexes 9.4
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Lebanon HOMES
No Bedroom 0.12
1 Bedroom 9.77
2 Bedrooms 26.28
3 Bedrooms 46.57
4 Bedrooms 15.52
5 or more bedrooms 1.73

Lebanon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.98% 1.51% 4 3
* 10 is highest