Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 15,044 people, 6,099 houses or apartments, and a median cost of homes of $418,333, Lebanon real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Lebanon, accounting for 39.50% of the city's housing units. Other types of housing that are prevalent in Lebanon include large apartment complexes or high rise apartments ( 35.68%), duplexes, homes converted to apartments or other small apartment buildings ( 13.20%), and a few row houses and other attached homes ( 7.18%).
People in Lebanon primarily live in small (one, two or no bedroom) single-family detached homes. Lebanon has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Lebanon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lebanon built before 1939 ( 23.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.42%). There's also some housing in Lebanon built between 1940-1969 ( 15.22%).
Vacant housing appears to be an issue in Lebanon. Fully 15.97% of the housing stock is classified as vacant. Left unchecked, vacant Lebanon homes and apartments can be a drag on the real estate market, holding Lebanon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Lebanon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.48%, which ranks in the top 40% nationwide. This equates to an annual average Lebanon house appreciation rate of 7.15%.
NeighborhoodScout's data show that during the latest twelve months, Lebanon's appreciation rate, at 7.72%, has been at or slightly above the national average. In the latest quarter, Lebanon's appreciation rate has been 1.13%, which annualizes to a rate of 4.60%.
Relative to New Hampshire, our data show that Lebanon's latest annual appreciation rate is higher than 70% of the other cities and towns in New Hampshire.
$418,333
for New hampshire
for nation
6,099
$2,569 / per month