Housing in Lebanon, ND is relatively affordable compared to other parts of the country. The median value of a home in Lebanon is $287,000 which is significantly lower than the US median value of $338,100. In addition, the house appreciation rate in Lebanon over the past year was 9.41% which is higher than the US average of 8.27%. This indicates that buying a home in Lebanon can be a sound investment as property values are likely to increase quickly and provide homeowners with solid returns on their investments.
The median home cost in Lebanon is $287,000. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Lebanon is up 10.5%.
Average Age of Homes
- The median age of Lebanon real estate is 27 years old
The Rental Market in Lebanon
- Renters make up 0.0% 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.