Lebanon, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lebanon Neighborhoods Since 2000




Lebanon, OH 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 20,623 people, 7,237 houses or apartments, and a median cost of homes of $163,755, 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 61.71% 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 ( 13.78%), large apartment complexes or high rise apartments ( 13.65%), and a few row houses and other attached homes ( 10.47%).

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 60.80% owning and 39.20% 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 2000 and later ( 24.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.14%). There's also some housing in Lebanon built before 1939 ( 6.80%).

Lebanon Home Appreciation Rates

Real estate appreciation rates in Lebanon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.16% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lebanon's appreciation rate, at 3.76%, has been at or slightly above the national average. In the latest quarter, Lebanon's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Ohio, our data show that Lebanon's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

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 2000, to assist you in making the best Lebanon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$163,755

Lebanon, OH HOME PRICES

Value Range
> $1,119,000 0.0
$839,001 - $1,119,000 0.3
$559,001 - $839,000 0.9
$448,001 - $559,000 1.3
$336,001 - $448,000 9.9
$223,001 - $336,000 21.4
$112,001 - $223,000 50.4
$56,001 - $112,000 11.8
$0 - $56,000 4.0

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
44.1696941286769 28.740157480315

Number Of Homes And Apartments:
7,237

Lebanon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
17.33% 0.93% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 60.80
Renters 39.20
Vacant 8.51

Housing Market Details

 

Age of Homes

AGE OF Lebanon HOMES
2000 or Newer 24.8
1970 - 1999 49.3
1940 - 1969 19.1
1939 or Older 6.8

Types of Homes

TYPE OF Lebanon HOMES
Single-Family 61.7
Townhomes 10.5
Small Apt. Buildings 13.8
Apt. Complexes 13.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Lebanon HOMES
No Bedroom 0.10
1 Bedroom 5.85
2 Bedrooms 27.59
3 Bedrooms 48.93
4 Bedrooms 15.08
5 or more bedrooms 2.45