Lebanon, VA Real Estate
According to census data in the year 2000 there were 1,541 housing units in Lebanon.
This represents a 5.9% growth from 1,455 in 1990.
Of those housing units, 1,449 were located in either urbanized areas or urban clusters, and 92 were located in what is classified as a rural area.
Homeownership rate in Lebanon is about 62.6%.
Lebanon's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.12 people.
The majority of houses, apartments or condos in Lebanon were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 11.60% |
| Two Bedrooms | 32.40% |
| Three Bedrooms | 40.10% |
| Four Bedrooms | 13.80% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $78,800 |
| Median Price asked for vacant units | $115,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $293 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.40% |
| Home Equity Loan | 3.90% |
| Simple Mortgage | 33.10% |
| Debt Free | 59.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.2% |
