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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 Type0.30%
One Bedroom11.60%
Two Bedrooms32.40%
Three Bedrooms40.10%
Four Bedrooms13.80%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.15
Median year structure was built1968
Median Value of occupied units$78,800
Median Price asked for vacant units$115,000

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1975
Median Monthly Rent asked for vacant units$293

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.40%
Home Equity Loan3.90%
Simple Mortgage33.10%
Debt Free59.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.2%