The housing median value in Lebanon, NY is $150,500, which is significantly lower than the US house median value of $338,100. However, the 1 year house appreciation rate in Lebanon, NY is 11.97%, which is higher than the US national average of 8.27%. This indicates a healthy housing market in Lebanon, NY with good potential for future growth. With a relatively lower cost of living and strong appreciation rates, Lebanon has become an attractive place to buy or invest in real estate.
The median home cost in Lebanon is $150,500. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Lebanon is up 15.8%.
Average Age of Homes
- The median age of Lebanon real estate is 47 years old
The Rental Market in Lebanon
- Renters make up 11.7% of the Lebanon population
- 0.0% 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.