The housing market in Lebanon, PA is a great investment opportunity for homebuyers. The median value of homes in the city is $217,000, which is well below the national median of $338,100. Additionally, Lebanon has seen an impressive 12.41% appreciation rate in the last year—higher than the national average of 8.27%. Such increases make purchasing real estate in Lebanon a smart move for investors who wish to maximize their returns.
The median home cost in Lebanon is $217,000. Home appreciation the last 10 years has been 56.4%. Home Appreciation in Lebanon is up 14.0%.
Average Age of Homes
- The median age of Lebanon real estate is 71 years old
The Rental Market in Lebanon
- Renters make up 49.8% of the Lebanon population
- 3.0% 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.