Total monthly cost of ownership
Cost to Own a Home in Lisbon, North Dakota
A $186,000 home here costs
$1,632per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $70,000 a year.
A standard mortgage calculator would have told you $1,014. The real number is $618 higher every month, 61% more than the payment most buyers budget for.
Compare Ransom County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lisbon from a five-year rolling sample, and with about 2,262 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Ransom County figures are drawn from a far larger sample if you want a steadier number.
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 $137 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
Talk to someone who works this market
These are Lisbon averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Lisbon every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lisbon I already own here and may sell
Common questions
How much does it cost to own a home in Lisbon?
A $186,000 home in Lisbon, North Dakota costs approximately $1,632 per month with 20% down at 7.24%. That is $1,014 principal and interest, $178 property tax, $80 homeowners insurance, $205 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 $1,632 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lisbon?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lisbon, North Dakota at today's rate takes a household income of roughly $70,000 a year. That covers the full $1,632 monthly cost, not just the mortgage payment.
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.