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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 $211,819, lower than the New York average of $610,895.
The average cost of rent is $828/mo in New Lisbon, primarily driven by the current value of real estate in the New Lisbon area. In New Lisbon, 12.21% of households rent, and 62.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Lisbon is $7,011 per month. Households that rent pay about 11.81% of their income on rent here. New Lisbon’s most expensive areas are in the central regions, while the cheapest areas are in the western 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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