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West Lebanon, IN Real Estate


According to census data in the year 2000 there were 329 housing units in West Lebanon. This represents a 13.1% growth from 291 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 329 were located in what is classified as a rural area.

Homeownership rate in West Lebanon is about 79.7%. West Lebanon's vacancy rate, including seasonal lodging, is about 8.8%. Average household size is 2.55 people.

The majority of houses, apartments or condos in West Lebanon were built after 1961.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.40%
Two Bedrooms28.60%
Three Bedrooms52.60%
Four Bedrooms7.60%
Five Bedrooms or more1.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1959
Median Value of occupied units$55,400
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1967
Median Monthly Rent asked for vacant units$233

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage6.60%
Home Equity Loan4.30%
Simple Mortgage55.90%
Debt Free32.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17%