Lebanon, IL Real Estate
According to census data in the year 2000 there were 1,386 housing units in Lebanon.
This represents a 4.4% decline from 1,450 in 1990.
Of those housing units, 1,370 were located in either urbanized areas or urban clusters, and 16 were located in what is classified as a rural area.
Homeownership rate in Lebanon is about 64.3%.
Lebanon's vacancy rate, including seasonal lodging, is about 9.4%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Lebanon were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 16.50% |
| Two Bedrooms | 28.70% |
| Three Bedrooms | 34.50% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $83,100 |
| Median Price asked for vacant units | $92,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $213 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.40% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 48.70% |
| Debt Free | 39% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
