Lebanon, TN Real Estate
According to census data in the year 2000 there were 8,749 housing units in Lebanon.
This represents a 32.7% growth from 6,592 in 1990.
Of those housing units, 8,243 were located in either urbanized areas or urban clusters, and 506 were located in what is classified as a rural area.
Homeownership rate in Lebanon is about 60.2%.
Lebanon's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Lebanon were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 10.60% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $119,200 |
| Median Price asked for vacant units | $97,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.19 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $463 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 49.10% |
| Debt Free | 37.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
