The housing market in Lisbon, LA is quite distinct from the rest of the United States. The median value of a house in Lisbon is $101,100, significantly lower than the US median value of $338,100. Despite this, the one-year appreciation rate for houses in Lisbon was still significant at 5.41%, which is only slightly below the national average of 8.27%. This indicates that while the overall cost of housing may be lower than much of the US, local residents are still enjoying some substantial benefits to living in Lisbon.
The median home cost in Lisbon is $101,100. Home appreciation the last 10 years has been 31.9%. Home Appreciation in Lisbon is up 12.2%.
Average Age of Homes
- The median age of Lisbon real estate is 49 years old
The Rental Market in Lisbon
- Renters make up 4.9% of the Lisbon population
- 8.1% 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.