Lebanon, Pennsylvania - Dental Demographics - Housing


Lebanon, Pennsylvania - Dental Demographics - Housing


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Housing



This 2 mile radius contains 18,230 housing units and a high vacancy rate of 7.5%. This area has a 51.5% home ownership rate and 41.1% of the population are renters. The ownership occupancy levels are below Pennsylvania and US.

Home values have two implications—they can signal the relative affluence of an area and thus the ability of its population to spend more on dental care, but they can also show the relative unaffordability of an area and its possibility not to grow as fast as other more affordable locations. The median home ownership value in this area is $138,354 which is well below Pennsylvania. The median home ownership value for the United States is $204,900. This area averages spending 31.5% of their income on total housing which is higher than the 30% figure that is considered a healthy housing spending percentage. Total housing expenditure includes the cost of shelter as well as utilities, fuel, and public services like water and sewer. This means that housing expenditures use a greater amount of the household budget on a national basis than it should by large amount. Disposable income in this area averages 68.5%. The average housing cost of just shelter as a percent of income in this area at 21.6%. The area is affordable for those living here. In general, all these housing factors are below average indicators of desirability of an area and its economic growth potential.


Table #2 Significant Demographic Characteristics - Page 2

Demographic Analysis for Lebanon, Pennsylvania
Lebanon, PennsylvaniaPennsylvaniaUnited States
Demographic CharacteristicLebanon
Pennsylvania
Latitude / Longitude:40.340925, -76.41135
Radius2 miles3 miles
HOUSING
Housing units18,23022,6195,768,326142,853,336
Median home value$138,354$156,582$209,428$264,021
Home ownership rate51.5%55.8%61.0%57.3%
Renter-occupied housing41.1%36.9%28.6%31.2%
Vacant housing units7.5%7.3%10.5%11.5%
Average Cost of Housing$12,404$13,721$18,965$20,090
Average Housing Cost as a Percent of Income21.6%21.4%21.5%21.7%
HOUSEHOLDS
Households16,86820,9745,163,155126,470,675
     Average household size2.452.472.432.58
Family households61.9%64.2%63.8%65.5%
Household with children31.5%31.6%29.9%33.4%
High school graduate or higher83.5%85.0%91.2%88.9%
Bachelor degree or higher14.6%17.2%32.8%33.6%
RACE & ETHNICITY
White70.0%73.4%78.2%69.2%
Black6.4%5.9%11.5%13.0%
Native American0.5%0.4%0.3%1.0%
Asian1.4%1.6%3.9%5.9%
Pacific Islanders0.1%0.1%0.0%0.2%
Other Race17.7%15.0%3.5%7.1%
Hispanic or Latino of any race38.0%33.1%8.4%18.9%


Home Ownership Rates

Lebanon, Pennsylvania - Home Ownership Rates
Owner Occupied Households by Census Tract

 72.83% to 83.21%
 55.67% to 72.83%
 40.81% to 55.67%
 31.21% to 40.81%
 26.37% to 31.21%
1.Lebanon