Lebanon Metro Area, PA Housing

The housing market in the Lebanon, PA Metro Area is thriving. Median values have risen to $252,000, which is significantly less than the US median value of $338,100. Despite this difference in prices, the appreciation rate for Lebanon was 11.31%, more than 3% higher than the national average of 8.27%. This shows that the area is a desirable location for homebuyers and investors alike, with its combination of reasonable prices and impressive appreciation rates.

The median home cost in Lebanon Metro Area is $252,000. Home appreciation the last 10 years has been 56.4%. Home Appreciation in Lebanon Metro Area is up 14.0%.

Average Age of Homes

- The median age of Lebanon Metro Area real estate is 49 years old

The Rental Market in Lebanon Metro Area

- Renters make up 26.5% of the Lebanon Metro Area population
- 1.6% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lebanon, Pennsylvania	United States
	58,793.0	139,647,020.0
	51	42
	$252,000	$338,100
	14.0%	16.6%
	45.2%	57.0%
	56.4%	101.1%
	$15.74	$10.98
	$2,913	$2,690
	65.6%	57.4%
	6.9%	11.2%
	27.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	1.4%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	1.8%	2.4%
	2.6%	2.8%
	3.0%	3.9%
	5.3%	4.5%
	17.0%	11.3%
	23.7%	13.0%
	27.7%	20.1%
	9.5%	13.6%
	3.4%	8.3%
	1.8%	9.7%
	0.8%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	10.6%	13.6%
	9.7%	13.2%
	13.8%	14.8%
	10.6%	13.6%
	11.7%	10.0%
	5.8%	4.7%
	23.7%	12.2%

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