The housing market in the Lebanon, MO Metro Area has seen tremendous growth recently. The median value of homes in this area is currently $185,700, which is significantly lower than the national median value of $338,100. However, this area has experienced a 16.68% increase in house values over the past year compared to the U.S.'s 8.27%. This shows that the housing market in this region is thriving and growing at a faster rate than other parts of the country. Clearly, it's an attractive time to invest in real estate in the Lebanon area!
The median home cost in Lebanon Metro Area is $185,700. Home appreciation the last 10 years has been 75.4%. Home Appreciation in Lebanon Metro Area is up 17.5%.
Average Age of Homes
- The median age of Lebanon Metro Area real estate is 33 years old
The Rental Market in Lebanon Metro Area
- Renters make up 25.8% of the Lebanon Metro Area population
- 1.8% of houses and apartments in Lebanon Metro Area, 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.