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 6,693 people, 2,179 houses or apartments, and a median cost of homes of $523,623, South Lebanon real estate is some of the most expensive in Ohio, although South Lebanon home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in South Lebanon, accounting for 71.27% of the village's housing units. Other types of housing that are prevalent in South Lebanon include large apartment complexes or high rise apartments ( 16.36%), mobile homes or trailers ( 7.54%), and a few row houses and other attached homes ( 2.84%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Lebanon. Owner-occupied housing accounts for 73.78% of South Lebanon's homes, and 61.19% have either three or four bedrooms, which is average sized relative to America.
South Lebanon homes and real estate are some of the newest in America. 52.03% of South Lebanon's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the South Lebanon real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 32.80%), and before 1939 ( 7.97%). There's also some housing in South Lebanon built between 1970-1999 ( 7.20%).
Appreciation rates for homes in South 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 100.66%, which ranks in the top 40% nationwide. This equates to an annual average South Lebanon house appreciation rate of 7.21%.
Appreciation rates are so strong in South Lebanon that despite a nationwide downturn in the housing market, South Lebanon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Lebanon appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 72.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Lebanon. South Lebanon appreciation rates in the latest quarter were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that South Lebanon's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.
$523,623
for Ohio
for nation
2,179
$1,987 / per month