New Lebanon, NY has seen a steady increase in housing values over the last year. Median house value in the area is currently $355,400—well above the national median of $338,100. The appreciation rate for homes in New Lebanon is 11.35%, exceeding the national average of 8.27%. This indicates that housing in New Lebanon is a sound investment and will continue to grow at a healthy rate.
The median home cost in New Lebanon is $355,400. Home appreciation the last 10 years has been 51.4%. Home Appreciation in New Lebanon is up 11.9%.
Average Age of Homes
- The median age of New Lebanon real estate is 56 years old
The Rental Market in New Lebanon
- Renters make up 17.1% of the New Lebanon population
- 1.9% of houses and apartments in New 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.