The housing market in South Lebanon, PA is doing very well compared to the national average. The median value of homes in this area is $278,800, significantly lower than the US median value of $338,100. But while the one-year house appreciation rate in the US stands at 8.27%, South Lebanon's houses have appreciated at 12.41%. This means that homeowners in this area have seen a larger return on their investment than those around the country. It is a great time to invest in housing in South Lebanon as prices are still relatively low and appreciation rate is higher than the national average.
The median home cost in South Lebanon is $278,800. Home appreciation the last 10 years has been 56.4%. Home Appreciation in South Lebanon is up 14.0%.
Average Age of Homes
- The median age of South Lebanon real estate is 45 years old
The Rental Market in South Lebanon
- Renters make up 17.4% of the South Lebanon population
- 0.8% of houses and apartments in South 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.