The housing market in Lebanon, CT is quite robust. The median value of homes in the area is $327,700 which is slightly below the nationwide median value of $338,100. Over the last year, house values have appreciated by 8.27% in the US on average, and 10.82% in Lebanon specifically, suggesting that a strong local economy and high demand for housing are driving up prices. This makes it an excellent place to invest and live for those looking to purchase a home.
The median home cost in Lebanon is $327,700. Home appreciation the last 10 years has been 49.9%. Home Appreciation in Lebanon is up 10.2%.
Average Age of Homes
- The median age of Lebanon real estate is 42 years old
The Rental Market in Lebanon
- Renters make up 7.8% 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.