The housing market in Lebanon, MO is quite strong compared to the national average. The median value for a house in Lebanon stands at $181,800, which is significantly lower than the US median value of $338,100. In addition, the 1 year appreciation rate for a house in Lebanon is 13.45%, higher than the US average of 8.27%. This indicates that houses in Lebanon are increasing in value at a faster rate than most places across the country. With such strong appreciation and relatively low median value, now may be an ideal time to purchase a home in Lebanon.
The median home cost in Lebanon is $181,800. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Lebanon is up 17.1%.
Average Age of Homes
- The median age of Lebanon real estate is 35 years old
The Rental Market in Lebanon
- Renters make up 40.8% of the Lebanon population
- 3.4% of houses and apartments in Lebanon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.