The housing market in Lebanon, OR is thriving, with a median home value of $364,000 - higher than the US House Median Value of $338,100. Additionally, the 1 year house appreciation rate in Lebanon is 9.26%, higher than the US average appreciation rate of 8.27%. This indicates that homes in Lebanon are growing in value faster than the national average. This makes it an ideal market for those looking to invest in real estate or purchase their first home.
The median home cost in Lebanon is $364,000. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Lebanon is up 14.2%.
Average Age of Homes
- The median age of Lebanon real estate is 42 years old
The Rental Market in Lebanon
- Renters make up 39.1% of the Lebanon population
- 1.6% 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.