Lebanon, NJ Real Estate
According to census data in the year 2000 there were 477 housing units in Lebanon.
This represents a 2.5% decline from 489 in 1990.
Of those housing units, 477 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lebanon is about 78.6%.
Lebanon's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Lebanon were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 15.50% |
| Two Bedrooms | 32.30% |
| Three Bedrooms | 34.20% |
| Four Bedrooms | 14.30% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $168,100 |
| Median Price asked for vacant units | $187,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $1,542 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.80% |
| Home Equity Loan | 13.70% |
| Simple Mortgage | 59.70% |
| Debt Free | 24.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.1% |
