The housing market in Lebanon, IL is quite impressive. The median value of homes in the area is $140,100, which is significantly lower than the US median value of $338,100. Despite this difference, home values have appreciated at a higher rate in Lebanon than the national average over the past year; appreciation came in at 10.25% compared to 8.27% across the country. This fast rate of growth should continue to make Lebanon an attractive place to buy and invest in real estate for years to come.
The median home cost in Lebanon is $140,100. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Lebanon is up 12.4%.
Average Age of Homes
- The median age of Lebanon real estate is 32 years old
The Rental Market in Lebanon
- Renters make up 30.2% of the Lebanon population
- 2.0% 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.