Zip 62254 (Lebanon, IL) Housing

The housing market in 62254 Lebanon, IL is a strong one. The median value of homes in this area is $168,000, which is much lower than the national median of $338,100. The appreciation rate of homes here over the past year has been 10.25%, higher than the 8.27% seen nationally. This makes 62254 Lebanon, IL an attractive place to buy or invest in real estate for those looking for current or potential future growth in their investment.

The median home cost in Lebanon (zip 62254) is $168,000. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Lebanon (zip 62254) is up 12.4%.

Average Age of Homes

- The median age of Lebanon (zip 62254) real estate is 35 years old

The Rental Market in Lebanon (zip 62254)

- Renters make up 24.1% of the Lebanon (zip 62254) population
- 1.5% of houses and apartments in Lebanon (zip 62254), 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, Illinois	United States
	2,727.0	139,647,020.0
	32	42
	$168,000	$338,100
	12.4%	16.6%
	34.8%	57.0%
	42.4%	101.1%
	$20.79	$10.98
	$3,085	$2,690
	61.9%	57.4%
	14.1%	11.2%
	23.9%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	11.7%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.0%	2.4%
	1.3%	2.8%
	8.1%	3.9%
	9.7%	4.5%
	30.6%	11.3%
	17.1%	13.0%
	21.8%	20.1%
	2.6%	13.6%
	4.2%	8.3%
	2.1%	9.7%
	1.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.2%	13.6%
	19.2%	13.6%
	19.0%	13.6%
	9.1%	13.2%
	2.3%	14.8%
	19.0%	13.6%
	8.6%	10.0%
	1.9%	4.7%
	20.8%	12.2%

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