Lisbon, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lisbon Neighborhoods Since 2000




Lisbon, ND Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lisbon Housing Market Information

With 2,145 people, 953 houses or apartments, and a median cost of homes of $109,448, 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 72.87% of the city's housing units. Other types of housing that are prevalent in Lisbon include large apartment complexes or high rise apartments ( 20.06%), duplexes, homes converted to apartments or other small apartment buildings ( 5.25%), and a few row houses and other attached homes ( 1.53%).

People in Lisbon primarily live in small (one, two or no bedroom) single-family detached homes. Lisbon has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lisbon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lisbon built between 1940-1969 ( 30.09%). A lesser amount of the housing stock also hails from before 1939 ( 19.01%). There's also some housing in Lisbon built between 2000 and later ( 8.12%).

Lisbon Home Appreciation Rates

In the last 10 years, Lisbon has experienced some of the highest home appreciation rates of any community in the nation. Lisbon real estate appreciated 20.51% over the last ten years, which is an average annual home appreciation rate of 1.88%, putting Lisbon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lisbon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 6.02%, which is higher than appreciation rates in 74.20% 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 3.17%, which equates to an annual appreciation rate of 13.29%.

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

Relative to North Dakota, our data show that Lisbon's latest annual appreciation rate is higher than 80% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$109,448

Lisbon, ND HOME PRICES

Value Range
> $1,148,000 0.0
$860,001 - $1,148,000 0.0
$573,001 - $860,000 1.3
$459,001 - $573,000 0.0
$344,001 - $459,000 4.4
$230,001 - $344,000 4.0
$115,001 - $230,000 38.9
$57,001 - $115,000 42.3
$0 - $57,000 9.0

Low for ND
Low for Nation

Value Relative to Nation Value Relative to State
71.7391304347826 63.716814159292

Number Of Homes And Apartments:
953

Lisbon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
45.12% 2.18% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$880 / per month

Homeownership Rate

Homeownership
Owners 59.77
Renters 40.23
Vacant 8.98

Housing Market Details

 

Age of Homes

AGE OF Lisbon HOMES
2000 or Newer 8.1
1970 - 1999 42.8
1940 - 1969 30.1
1939 or Older 19.0

Types of Homes

TYPE OF Lisbon HOMES
Single-Family 72.9
Townhomes 1.5
Small Apt. Buildings 5.3
Apt. Complexes 20.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Lisbon HOMES
No Bedroom 3.25
1 Bedroom 14.14
2 Bedrooms 29.04
3 Bedrooms 29.04
4 Bedrooms 16.33
5 or more bedrooms 8.21

Popular Neighborhoods in Lisbon

Popular Communities Near Lisbon, ND

Zip Codes in Lisbon, ND