Lisbon appreciation rates and housing market information

Lisbon housing market information

With a population of 2,732, 1,239 total housing units (homes and apartments), and a median house value of $108,596, house prices in Lisbon are solidly below the national average.

single-family detached homes are the single most common housing type in Lisbon, accounting for 72.24% of the village's housing units. Other types of housing that are prevalent in Lisbon include duplexes, homes converted to apartments, or other small apartment buildings (19.21%), large apartment complexes or high rise apartments (4.84%), row houses and other attached homes (2.66%), and a few mobile homes or trailers (1.05%).

The most prevalent building size and type in Lisbon are three and four bedroom single-family detached homes. The village has a mixture of owners and renters, with 58.68% owning, and 31.72% renting.

The housing in Lisbon was primarily built before 1939 (67.23%), making the housing stock in Lisbon some of the older overall in America, although there is a range of ages of homes in Lisbon. The next most important Lisbon housing age is 1940-1969 (19.85%), followed by 1970-1994 (10.01%). There's also some housing in Lisbon built between 1995 and later (2.91%).

Lisbon home appreciation rates

Appreciation rates for homes in Lisbon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.49%, which ranks in the top 30% nationwide. This equates to an annual average Lisbon house appreciation rate of 8.94%.

Appreciation rates are so strong in Lisbon that despite a nationwide downturn in the housing market, Lisbon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lisbon appreciation rates continue to be some of the highest in America, at 5.75%, which is higher than appreciation rates in 93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lisbon. Lisbon appreciation rates in the latest quarter were at 2.95%, which equates to an annual appreciation rate of 11.80%.

Importantly, this makes Lisbon one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Ohio, our data show that Lisbon's latest annual appreciation rate is higher than 98% of the other cities and towns in Ohio.