The housing market in Lisbon, IL is booming. The median value of a house in the area is $191,600, which is significantly lower than the national median value of $338,100. The US 1 year house appreciation rate is 8.27%, while in Lisbon, IL it has gone up 9.58% in the last year alone. Overall, this indicates that housing in the area is growing in popularity and as a result prices are rising. This makes it an ideal location for those who want to invest in real estate or purchase a home of their own.
The median home cost in Lisbon is $191,600. Home appreciation the last 10 years has been 59.4%. Home Appreciation in Lisbon is up 14.1%.
Average Age of Homes
- The median age of Lisbon real estate is 61 years old
The Rental Market in Lisbon
- Renters make up 28.9% of the Lisbon population
- 0.0% of houses and apartments in Lisbon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.