Total monthly cost of ownership
Cost to Own a Home in Lisbon, North Dakota
A $186,000 home here costs
$1,560per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $956. The real number is $604 higher every month — 63% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lisbon against Ransom County and North Dakota
| Measure | Lisbon | Ransom County |
|---|---|---|
| Median home value | $185,700 | $174,800 |
| Median property tax | $2,137 | $1,838 |
| Effective tax rate | 1.151% | 1.051% |
| Median gross rent | $671 | $710 |
| Population | 2,262 | 5,662 |
The weather behind that power bill
Lisbon sits in Ransom County, which averages a high of 82.0°F in its hottest month and a low of -0.3°F in its coldest, with 22.27" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 462 cooling and 9,014 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Ransom County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ransom County
No other places of this size are published in Ransom County.
Full Ransom County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Lisbon?
A $186,000 home in Lisbon, North Dakota costs approximately $1,560 per month with 20% down at 6.66%. That is $956 principal and interest, $178 property tax, $80 homeowners insurance, $190 utilities and $155 set aside for maintenance.
What is the property tax rate in Lisbon?
Lisbon has an effective property tax rate of 1.151%, based on a median home value of $185,700 and median real estate taxes of $2,137. That is higher than the Ransom County average of 1.051%.
What is the average home price in Lisbon?
The median owner-occupied home value in Lisbon, North Dakota is $185,700, against $174,800 across Ransom County.
Is it cheaper to rent or buy in Lisbon?
Median gross rent in Lisbon is $671 a month, against $1,560 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lisbon — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Dakota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.