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Lebanon, KY Real Estate


According to census data in the year 2000 there were 2,487 housing units in Lebanon. This represents a 4.1% growth from 2,388 in 1990.

Of those housing units, 2,461 were located in either urbanized areas or urban clusters, and 26 were located in what is classified as a rural area.

Homeownership rate in Lebanon is about 61%. Lebanon's vacancy rate, including seasonal lodging, is about 8.2%. Average household size is 2.24 people.

The majority of houses, apartments or condos in Lebanon were built after 1964.

Statistics

Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom12.70%
Two Bedrooms25.50%
Three Bedrooms45.30%
Four Bedrooms12.70%
Five Bedrooms or more2.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.22
Median year structure was built1963
Median Value of occupied units$64,100
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size2.28
Median year structure was built1966
Median Monthly Rent asked for vacant units$238

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.30%
Home Equity Loan4.50%
Simple Mortgage46.20%
Debt Free47.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.8%