Median real estate price in the Town Center of Lebanon is $79,735, which is less expensive than 96.6% of Virginia neighborhoods and 90.8% of all U.S. neighborhoods.
The average rental price in Lebanon Town Center is currently $582, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 98.6% of Virginia neighborhoods.
Lebanon Town Center is a rural neighborhood (based on population density) located in Lebanon, Virginia.
Real estate in the Town Center of Lebanon, VA is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Lebanon Town Center. The current real estate vacancy rate here is 22.2%. This is higher than the rate of vacancies in 88.1% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.