Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Lisbon area can be challenging. Home prices in New Lisbon are now at a median cost of $119,858, lower than the Indiana average of $175,617.
The average cost of rent is $812/mo in New Lisbon, primarily driven by the current value of real estate in the New Lisbon area. While nearly 36.55% of residents own their homes outright in New Lisbon, 7.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Lisbon is $4,482 per month. Households that rent pay about 18.11% of their income on rent here. New Lisbon's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
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