According to statistics, the population in Lebanon, TN amounts to 30,212, which shows growth 3% compared to the previous year. The median age of the city’s residents is 35. The average household income is $46,287, shifting growth 8% from the past year, and the average property value in Lebanon, TN growth 7% to $189,400 throughout the year.
|Number Of Employees||13,536|
|Median Property Value||$189,400|
The average household income in Lebanon, TN grew from $43,003 to $46,287 in the past year. This data is an estimate based upon 10,844 households in Lebanon, TN . The chart below presents how household income is distributed in Lebanon, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Lebanon, TN shifted from $177,100 to $189,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lebanon, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lebanon, TN properties falls in the '$250,000 to $299,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lebanon, TN compared to median property taxes around the country. The prevalent amount of property taxes in Lebanon, TN equals $1150, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Lebanon, TN increased by 34.4% to $740,781.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $229,900 with no changes this month. Asking price for 2-bed apartment also decreased by 10.8% and a place of this size will now cost you $303,889. A 3-bed apartment goes for $402,812, it decreased by 1.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 27.6% and made it up to $802,604.
While assessing the property pricing Lebanon, TN, you can note that it remains flat with a price tag of $599,900. Price reports demonstrate that house price increased by 16.2% this month making it up to $609,654. Condos faced an upward trend these days. The median price for a condo decreased by 5.2%, it’s now available for $324,368.