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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 $158,480, lower than the New York average of $481,023.
The average cost of rent is $919/mo in New Lisbon, primarily driven by the current value of real estate in the New Lisbon area. While nearly 57.14% of residents own their homes outright in New Lisbon, 11.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Lisbon is $6,097 per month. Households that rent pay about 15.08% of their income on rent here. New Lisbon's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
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