Lebanon, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lebanon Neighborhoods Since 2000




Lebanon, PA 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 25,534, 9,843 total housing units (homes and apartments), and a median house value of $96,533, house prices in Lebanon are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Lebanon, accounting for 31.59% of the city's housing units. Other types of housing that are prevalent in Lebanon include single-family detached homes ( 29.48%), duplexes, homes converted to apartments or other small apartment buildings ( 20.99%), and a few large apartment complexes or high rise apartments ( 17.70%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Lebanon primarily live in small (one, two or no bedroom) row houses and other attached homes. Lebanon has a mixture of owner-occupied and renter-occupied housing.

The housing in Lebanon was primarily built before 1939 ( 40.91%), making the housing stock in Lebanon some of the oldest overall in America, although there is a range of ages of homes in Lebanon. The next most important housing age is between 1940-1969 ( 36.22%), followed by between 1970-1999 ( 20.26%). There's also some housing in Lebanon built between 2000 and later ( 2.61%).

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 -0.60% during the period.

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 8.95%, which is higher than appreciation rates in 90.59% 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 -0.47%, which equates to an annual appreciation rate of -1.85%.

Relative to Pennsylvania, our data show that Lebanon's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

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:
$96,533

Lebanon, PA HOME PRICES

Value Range
> $1,017,000 0.0
$763,001 - $1,017,000 0.2
$509,001 - $763,000 0.2
$407,001 - $509,000 0.0
$305,001 - $407,000 0.7
$204,001 - $305,000 4.0
$102,001 - $204,000 36.6
$51,001 - $102,000 51.3
$0 - $51,000 7.0

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
79.8136645962733 78.3574879227053

Number Of Homes And Apartments:
9,843

Lebanon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
25.41% 1.32% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$772 / per month

Homeownership Rate

Homeownership
Owners 41.89
Renters 58.11
Vacant 9.46

Housing Market Details

 

Age of Homes

AGE OF Lebanon HOMES
2000 or Newer 2.6
1970 - 1999 20.3
1940 - 1969 36.2
1939 or Older 40.9

Types of Homes

TYPE OF Lebanon HOMES
Single-Family 29.5
Townhomes 31.6
Small Apt. Buildings 21.0
Apt. Complexes 17.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Lebanon HOMES
No Bedroom 5.04
1 Bedroom 20.50
2 Bedrooms 27.05
3 Bedrooms 35.64
4 Bedrooms 9.47
5 or more bedrooms 2.30