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These days, finding an affordable place to live in the Lisbon area can be challenging. Home prices in Lisbon are now at a median cost of $259,438, higher than the Iowa average of $226,062.
The average cost of rent is $890/mo in Lisbon, primarily driven by the current value of real estate in the Lisbon area. In Lisbon, 17.76% of households rent, and 34.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lisbon is $8,379 per month. Households that rent pay about 10.62% of their income on rent here. Lisbon’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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