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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 Type1%
One Bedroom15.50%
Two Bedrooms32.30%
Three Bedrooms34.20%
Four Bedrooms14.30%
Five Bedrooms or more2.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1978
Median Value of occupied units$168,100
Median Price asked for vacant units$187,500

Rented Homes, Apartments and Condos

Average Household Size2.01
Median year structure was built1950
Median Monthly Rent asked for vacant units$1,542

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.80%
Home Equity Loan13.70%
Simple Mortgage59.70%
Debt Free24.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs25.1%