Zip 37087 (Lebanon, TN) Housing

The housing market in Lebanon, TN (37087) is booming. The median value of homes currently stands at $417,300, which is significantly higher than the national median value of $338,100. What's more, the rate of house appreciation within the city has been much higher than the national average over the past year - 15.74% versus 8.27%. Homes in Lebanon are desirable and sought after, making it a great place to buy or invest in a property.

The median home cost in Lebanon (zip 37087) is $417,300. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Lebanon (zip 37087) is up 25.0%.

Average Age of Homes

- The median age of Lebanon (zip 37087) real estate is 27 years old

The Rental Market in Lebanon (zip 37087)

- Renters make up 29.6% of the Lebanon (zip 37087) population
- 1.7% of houses and apartments in Lebanon (zip 37087), 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, Tennessee	United States
	20,138.0	139,647,020.0
	27	42
	$417,300	$338,100
	25.0%	16.6%
	81.0%	57.0%
	142.5%	101.1%
	$5.73	$10.98
	$1,604	$2,690
	64.9%	57.4%
	6.9%	11.2%
	28.2%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.5%	0.4%
	0.8%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	1.6%	2.4%
	1.2%	2.8%
	1.0%	3.9%
	3.1%	4.5%
	5.7%	11.3%
	10.9%	13.0%
	30.3%	20.1%
	25.1%	13.6%
	10.6%	8.3%
	5.9%	9.7%
	1.8%	3.9%
	0.2%	2.2%
	0.3%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	21.8%	13.6%
	21.8%	13.6%
	18.2%	13.6%
	11.1%	13.2%
	9.6%	14.8%
	18.2%	13.6%
	7.6%	10.0%
	2.9%	4.7%
	2.5%	12.2%

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