Median price for residential apartments in Lebanon, OR as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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262 Lebanon, OR 97355, USA apartments for sale
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Lebanon
According to statistics, the population in Lebanon, OR amounts to 16,336, which shows growth 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $40,195, shifting growth 8% from the past year, and the average property value in Lebanon, OR growth 7% to $152,600 throughout the year.
| Population | 16,336 |
| Median Age | 37.5 |
| Poverty Rate | 22% |
| Household Income | $40,195 |
| Number Of Employees | 6,599 |
| Median Property Value | $152,600 |
Household Income
The average household income in Lebanon, OR grew from $37,201 to $40,195 in the past year. This data is an estimate based upon 6,419 households in Lebanon, OR . The chart below presents how household income is distributed in Lebanon, OR in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Lebanon, OR shifted from $143,100 to $152,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lebanon, OR in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lebanon, OR properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lebanon, OR compared to median property taxes around the country. The prevalent amount of property taxes in Lebanon, OR equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in Lebanon, OR 97355, USA
Average apartment sale in Lebanon: $390,528 (-5.8%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $224,878 | -19.3% |
| 2-bed apartments | $262,489 | -0.2% |
| 3-bed apartments | $387,469 | +0.7% |
| 4+ bed apartments | $554,402 | -11.8% |
During Jan 2023, the average price for an apartment in/near Lebanon, OR decreased by 5.8% to $390,528.
Knowing the current property prices is key if you plan to buy a studio in Lebanon, OR. The average price for a studio has decreased since the last month, currently being $224,878. Asking price for 2-bed apartment also decreased by 0.2% and a place of this size will now cost you $262,489. A 3-bed apartment goes for $387,469, it increased by 0.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 11.8% and made it down to $554,402.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Townhouses for sale | $499,900 | +0% |
| Lofts for sale | $269,900 | +0% |
| Houses for sale | $373,592 | -5.1% |
| Duplexes for sale | $821,500 | -3.3% |
| Land for sale | $216,246 | -22.4% |
| Apartments for sale | $257,250 | N/A |
While assessing the property pricing Lebanon, OR, you can note that it remains flat with a price tag of $257,250. Price reports demonstrate that house price decreased by 5.1% this month making it up to $373,592. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $279,900. You can now purchase a duplex for just $821,500, duplex price decreased by 3.3% this month. The price statistics of lofts have not significantly changed, it now still goes for $269,900. Value of the townhouses didn’t change, the price still starts at $499,900. The average price of the land for sale in Lebanon, OR has decreased by 22.4%, and now equals $216,246.
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