Real Estate Investing in Lisbon, North Dakota (58054)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Ransom County • Population: 3,332 • Data updated: September 2026

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Should you buy in 58054 (Lisbon, ND)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (63/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
1 flag
  • Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).

• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Lisbon, ND (58054)?

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2.0/ 5

Investability

Overall investment appeal

1.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $196,417
Avg Monthly Rent $819
1% Rule ✗ Does Not Meet
Median Income $70,625
% Renters 31.3%

Market Analysis: 58054 Lisbon

Investors eyeing 58054 need to respect the fundamentals at play. Home values of $196K come alongside slower price movement and elevated management overhead.

The investment case in 58054 is resilient only for operators who understand what they are buying. A $196K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.

Within ND, ZIP 58054 trails on several market indicators that neighboring Ransom County submarkets outperform. The gap is real and substantial enough to shape underwriting.

A resilient renter share of 31% in 58054 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.

The right play in 58054 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Lisbon:

C+ Average
Buy Confidence Score: 60/100
Affordability
20/25
Appreciation
10/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.8× the median income
Value Trend
Stable (+0.8%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $819/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$215K$206K$198K$189K$181K$172KFeb 2020May 2023Jul 2026

📊 How Does 58054 Compare?

Metric 58054 Lisbon North Dakota
Home Value $196,417 $196,417 $278,677
5-Year CAGR 0.1% 0.1% 3.7%
Avg Rent $819 $819 -
Cap Rate 3.3% 3.3% -
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 58054 (Lisbon, ND). Anonymous, moderated, never written by AI.

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Investability
Fair
Cap Rate
3.3%
Low
5yr Growth
+0.1%
Slow

📊 Market Snapshot

Home Value $196,417
Monthly Rent $819
Price-to-Rent 20.0:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.0%
Cap Rate 3.3%
5-Year IRR 3.4%

📈 Home Appreciation

1-Year +0.8% ▲
3-Year CAGR -0.6% ▼
5-Year CAGR +0.1% ▲
10-Year CAGR N/A

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.3%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.

Run an IRR Analysis →

⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
5.5%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+0.1%
Flat
Eviction process: Fast Rent control: Favorable

Demographics in 58054

Population: 3,332

💰 Median Household Income
$70,625
This area
$70,625
State
$79,504
USA
$74,580
🏠 Renter Occupied
31.3%
This area
31.3%
State
19.2%
USA
34.0%
💼 Unemployment Rate
2.0%
This area
2.0%
State
-6.2%
USA
3.7%
🎓 College Educated
24.3%
This area
24.3%
State
16.2%
USA
33.7%
👤 Median Age
41.8 years
This area
41.8 years
State
28.3 years
USA
38.9 years
🏚️ Vacancy Rate
5.5%
This area
5.5%
State
22.9%
USA
10.5%
👥 Population by Ethnicity
White 88.8%
Other/Mixed 7.0%
Black/African American 2.9%
Asian 1.4%
Hispanic/Latino 0.9%
👶 Under 18
24.0%
This area
24.0%
USA
22.0%
👴 65 and Over
21.8%
This area
21.8%
USA
17.3%
📊 Poverty Rate
9.9%
This area
9.9%
USA
11.5%

Crime & Safety

🚧

Crime & Safety Data Coming Soon

We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.

Expected: Q1 2025

🎓 Schools in 58054

B+ Avg School Grade
3 Schools
12.3:1 Avg Class Size
$15,612 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

LISBON ELEMENTARY SCHOOL

📚 Pre-K – 04 Elementary
👥
221 Students
👨‍🏫
12.4:1 Class Size
💰
$15,612 Per Student
B+ Above Average

LISBON HIGH SCHOOL

📚 09 – 12 High School
👥
206 Students
👨‍🏫
12.5:1 Class Size
💰
$15,612 Per Student
B+ Above Average

LISBON MIDDLE SCHOOL

📚 05 – 08 School
👥
185 Students
👨‍🏫
12.1:1 Class Size
💰
$15,612 Per Student
About Repit School Scores

Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.

We evaluate schools based on factors that research shows actually impact educational outcomes:

  • Class Size — Smaller classes mean more individual attention
  • School Funding — Resources available for programs, staff, and facilities
  • Community Factors — Neighborhood characteristics that influence student success
  • School Environment — Size, type, and structure

Scores are updated annually using federal education data.

Frequently Asked Questions

Do rentals sit vacant long in Lisbon, ND?

Rental vacancy in Lisbon, ND is elevated. Investors should budget normal turnover but not chronic empty units.

Are landlord laws favorable in Lisbon, ND?

Rental owners in Lisbon, ND deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

How strong is the working-renter base in Lisbon, ND?

The renter base in Lisbon, ND is reasonable for the $819/mo price point. Screening well and pricing to market typically yields steady tenants.

What investment strategy works best in Lisbon, ND?

In Lisbon, ND the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $196K prices and $819/mo rents suits that approach.

What is the median home value in Lisbon, ND?

Expect median prices around $196K in Lisbon, ND. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.

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