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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 30,262, 10,571 total housing units (homes and apartments), and a median house value of $166,601, 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 64.11% of the city's housing units. Other types of housing that are prevalent in Lebanon include large apartment complexes or high rise apartments ( 13.64%), duplexes, homes converted to apartments or other small apartment buildings ( 12.88%), and a few mobile homes or trailers ( 6.11%).
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 53.04% owning and 46.96% 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 ( 29.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.03%). There's also some housing in Lebanon built before 1939 ( 5.23%).
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 12.65%, which ranks in the top 30% nationwide. This equates to an annual average Lebanon house appreciation rate of 1.20%.
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 10.14%, which is higher than appreciation rates in 94.22% 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 2.76%, which equates to an annual appreciation rate of 11.51%.
Importantly, this makes Lebanon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Tennessee, our data show that Lebanon's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.
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.
|$923,001 - $1,231,000||1.0|
|$616,001 - $923,000||1.2|
|$492,001 - $616,000||2.2|
|$369,001 - $492,000||5.9|
|$246,001 - $369,000||15.8|
|$123,001 - $246,000||50.0|
|$62,001 - $123,000||12.6|
|$0 - $62,000||11.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Lebanon HOMES|
|2000 or Newer||29.8|
|1970 - 1999||39.0|
|1940 - 1969||26.0|
|1939 or Older||5.2|
|TYPE OF Lebanon HOMES|
|Small Apt. Buildings||12.9|
|SIZE OF Lebanon HOMES|
|5 or more bedrooms||2.81|