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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lebanon, NH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lebanon, NH Housing Market Trends

With a population of 15,044, 6,099 total housing units (homes and apartments), and a median house value of $398,367, Lebanon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lebanon, accounting for 39.50% of the city's housing units. Other types of housing that are prevalent in Lebanon include large apartment complexes or high rise apartments ( 35.68%), duplexes, homes converted to apartments or other small apartment buildings ( 13.20%), and a few row houses and other attached homes ( 7.18%).

People in Lebanon primarily live in small (one, two or no bedroom) single-family detached homes. Lebanon has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lebanon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lebanon built before 1939 ( 23.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.42%). There's also some housing in Lebanon built between 1940-1969 ( 15.22%).

Vacant housing appears to be an issue in Lebanon. Fully 15.97% of the housing stock is classified as vacant. Left unchecked, vacant Lebanon homes and apartments can be a drag on the real estate market, holding Lebanon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lebanon Home Appreciation Rates

Appreciation rates for homes in Lebanon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.19%, which ranks in the top 40% nationwide. This equates to an annual average Lebanon house appreciation rate of 6.92%.

Appreciation rates are so strong in Lebanon that despite a nationwide downturn in the housing market, Lebanon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lebanon appreciation rates continue to be some of the highest in America, at 10.77%, which is higher than appreciation rates in 96.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lebanon. Lebanon appreciation rates in the latest quarter were at 2.64%, which equates to an annual appreciation rate of 10.99%.

Importantly, this makes Lebanon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New Hampshire, our data show that Lebanon's latest annual appreciation rate is higher than 80% of the other cities and towns in New Hampshire.

Average Home Values

Median Home Value

$398,367

Lebanon, NH Home Prices
> $1,411,000
$1,058,001 - $1,411,000
$705,001 - $1,058,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
3.4%
3.4%
2.8%
2.8%
7.5%
7.5%
12.7%
12.7%
25.0%
25.0%
23.0%
23.0%
12.9%
12.9%
7.5%
7.5%
5.2%
5.2%
0% 100.0%
% of Homes
Low

for New hampshire

High

for nation

Number of Homes And Apartments:

6,099

Lebanon Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,406 / per month

Homeownership Rate

Owners
Renters
51.5%
51.5%
48.5%
48.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.0%
16.0%
84.0%
84.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.4%
18.4%
43.3%
43.3%
15.2%
15.2%
23.0%
23.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
39.5%
39.5%
7.2%
7.2%
13.2%
13.2%
35.7%
35.7%
4.4%
4.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.6%
2.6%
18.8%
18.8%
43.5%
43.5%
21.4%
21.4%
9.5%
9.5%
4.1%
4.1%
0% 100.0%
% of Homes