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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lebanon, IN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lebanon, IN Housing Market Trends

With a population of 16,982, 6,973 total housing units (homes and apartments), and a median house value of $253,423, Lebanon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lebanon, accounting for 64.92% of the city's housing units. Other types of housing that are prevalent in Lebanon include large apartment complexes or high rise apartments ( 16.93%), mobile homes or trailers ( 6.92%), and a few row houses and other attached homes ( 6.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lebanon. Owner-occupied housing accounts for 66.57% of Lebanon's homes, and 58.53% have either three or four bedrooms, which is average sized relative to America.

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 between 1940-1969 ( 21.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.09%). There's also some housing in Lebanon built before 1939 ( 17.04%).

Lebanon Home Appreciation Rates

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 88.66%, which ranks in the top 50% nationwide. This equates to an annual average Lebanon house appreciation rate of 6.55%.

Over the last year, Lebanon appreciation rates have trailed the rest of the nation. In the last twelve months, Lebanon's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lebanon were at -0.53%, which equates to an annual appreciation rate of -2.11%.

Relative to Indiana, our data show that Lebanon's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$253,423

Lebanon, IN Home Prices
> $1,305,000
$979,001 - $1,305,000
$653,001 - $979,000
$522,001 - $653,000
$392,001 - $522,000
$261,001 - $392,000
$131,001 - $261,000
$65,001 - $131,000
$0 - $65,000
0.2%
0.2%
1.4%
1.4%
2.2%
2.2%
3.8%
3.8%
9.2%
9.2%
20.4%
20.4%
47.5%
47.5%
7.4%
7.4%
7.9%
7.9%
0% 100.0%
% of Homes
High

for Indiana

Average

for nation

Number of Homes And Apartments:

6,973

Lebanon Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,501 / per month

Homeownership Rate

Owners
Renters
66.6%
66.6%
33.4%
33.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.1%
18.1%
43.1%
43.1%
21.8%
21.8%
17.0%
17.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.9%
64.9%
6.3%
6.3%
4.9%
4.9%
16.9%
16.9%
6.9%
6.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
11.0%
11.0%
25.2%
25.2%
46.9%
46.9%
11.7%
11.7%
4.5%
4.5%
0% 100.0%
% of Homes