Lebanon, OR


Highest Appreciating Lebanon Neighborhoods Since 2000

Lebanon, OR Real Estate Data

Lebanon Housing Market Information

With 16,324 people, 6,509 houses or apartments, and a median cost of homes of $175,418, Lebanon real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Lebanon homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Lebanon, accounting for 60.73% of the city's housing units. Other types of housing that are prevalent in Lebanon include large apartment complexes or high rise apartments ( 15.58%), duplexes, homes converted to apartments or other small apartment buildings ( 13.05%), and a few mobile homes or trailers ( 6.27%).

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 54.44% owning and 45.56% 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 ( 26.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.74%). There's also some housing in Lebanon built before 1939 ( 11.37%).

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 2.23%, which ranks in the top 50% nationwide. This equates to an annual average Lebanon house appreciation rate of 0.22%.

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 11.72%, which is higher than appreciation rates in 96.32% 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 0.45%, which equates to an annual appreciation rate of 1.82%.

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

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:


Value Range
> $1,221,000 0.6
$916,001 - $1,221,000 0.1
$610,001 - $916,000 0.7
$488,001 - $610,000 0.4
$366,001 - $488,000 4.6
$244,001 - $366,000 14.7
$122,001 - $244,000 58.8
$61,001 - $122,000 8.5
$0 - $61,000 11.2

Very Low for OR
High for Nation

Value Relative to Nation Value Relative to State
39.4409937888199 86.4734299516908

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$978 / per month

Homeownership Rate

Owners 54.44
Renters 45.56
Vacant 8.54

Housing Market Details


Age of Homes

2000 or Newer 21.7
1970 - 1999 40.6
1940 - 1969 26.3
1939 or Older 11.4

Types of Homes

Single-Family 60.7
Townhomes 4.4
Small Apt. Buildings 13.1
Apt. Complexes 15.6
Mobile Homes 6.3
Other 0.0

Home Size

No Bedroom 2.92
1 Bedroom 8.05
2 Bedrooms 32.43
3 Bedrooms 46.54
4 Bedrooms 8.09
5 or more bedrooms 1.97

Lebanon Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
40.95% 2.01% 1 5
* 10 is highest

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Zip Codes in Lebanon, OR