City:
Lebanon is a city in the state of virginia with a population of roughly 8,986. It is in Russell, Virginia Its Zip codes include 24266 .
Lebanon is a small town located in the Shenandoah Valley of Virginia. The population is just over 2,000 people and the median household income is just over $50,000. Lebanon has a strong agricultural economy and is home to several small businesses, including a bakery, a hardware store, and a car dealership. The town's main source of revenue comes from real estate sales.
Real estate in Lebanon has been booming for the past few years. In 2016, there were 1,853 residential sales in Lebanon and in 2017 that number increased to 2,527 sales. This year so far there have been 1,914 residential sales in Lebanon which puts Lebanon on track to break the record set last year of 3,000 residential sales!
The reason for this boom in real estate prices in Lebanon is simple: there are plenty of homes available and buyers are willing to pay top dollar for properties that are close to major cities like Charlottesville or Washington D.C. But despite the high prices tags attached to some homes in Lebanon (and elsewhere in Virginia), many locals believe that buying a home here is still one of the best investments you can make.
Some potential drawbacks of living in Lebanon include its small size (which can make it difficult to find things like good schools or restaurants) and its lack of public transportation options (although this may soon change with plans for an expansion of Route 29). But overall most people who live here say that they love their community and would not trade it for anything else!