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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,546, 1,055 total housing units (homes and apartments), and a median house value of $174,159, 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 64.57% 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 ( 23.62%), large apartment complexes or high rise apartments ( 10.31%).
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.
The housing in Lisbon was primarily built before 1939 ( 49.48%), making the housing stock in Lisbon some of the oldest overall in America, although there is a range of ages of homes in Lisbon. The next most important housing age is between 1970-1999 ( 28.33%), followed by between 1940-1969 ( 19.06%). There's also some housing in Lisbon built between 2000 and later ( 3.14%).
Vacant housing appears to be an issue in Lisbon. Fully 21.15% of the housing stock is classified as vacant. Left unchecked, vacant Lisbon homes and apartments can be a drag on the real estate market, holding Lisbon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 95.83%, which ranks in the top 40% nationwide. This equates to an annual average Lisbon house appreciation rate of 6.95%.
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 15.69%, which is higher than appreciation rates in 97.86% 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 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Lisbon's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.
$174,159
for Ohio
for nation
1,055
$1,048 / per month