Southern Maine · Androscoggin County
Buying a Home in Lisbon, Maine: What It Really Takes
Lisbon sits between the Twin Cities and the Brunswick-Topsham line, running along the Androscoggin River. It's a small mill town with a below-state-average median and real single-family inventory. Buyers who want the price point of Lewiston without the urban density often land here. At the current market rate (6.81%), a household income near $103,000 typically fits Lisbon’s cited median of $285,000 with ten percent down and low debts. That figure is an estimate, not an offer. Run your own with The 207 Number, which uses your inputs against Lisbon’s real mil rate.
Data as of 2024-10. Verify with the town assessor before writing an offer.
What your money buys in Lisbon
A mid-market budget in Lisbon buys a three-bedroom single family on a modest lot in Lisbon Village or Lisbon Falls, or an older home with an acre or two on the rural fringes. Multifamily is rare. New construction is limited.
Property taxes in plain English
Lisbon’s mil rate is $26.20 per $1,000 of assessed value (Maine Revenue Services Property Tax Division / town assessor, as of 2024-10). Worked example: a home assessed at $285,000 carries a gross annual tax bill of about $7,467 before any exemptions. Maine’s homestead exemption reduces taxable value by a set amount for owners who occupy the home as a primary residence, which lowers the actual bill. Assessed value is not always the same as sale price. When Lisbon does a full revaluation the two converge; between revals the gap can be significant. Ask the assessor’s office for the current assessed value on any property you are considering before you write an offer.
Neighborhoods and districts
Lisbon divides between the two villages (Lisbon and Lisbon Falls) and the rural interior. Prices are consistent across the town.
- Lisbon VillageThe main village with older single families and the town center.
- Lisbon FallsThe mill-era village along the Androscoggin. Historic brick and older housing stock.
- Rural LisbonLarger lots on the outskirts. Space for the money.
Local anchors: Androscoggin River, Moxie Festival grounds, Route 196 corridor.
Commute reality
Lisbon is thirty-five to forty-five minutes to downtown Portland on the Maine Turnpike via I-95 and I-295. The Twin Cities are fifteen minutes north; Brunswick is fifteen minutes east. Households usually split between Twin Cities and Midcoast employment.
Typical drive times off peak: to downtown Portland 40 min, to Portsmouth NH 85 min. Mileage-driven estimates, not a promise of a specific trip time.
Who Lisbon fits
Lisbon fits first-time buyers who want a rural single family at an affordable price with reasonable access to two job markets. It does not fit buyers who need urban amenities or the shortest Portland commute.
The 207 Number, preloaded to Lisbon
Enter your income, monthly debts, and down payment. The tool returns the highest purchase price you can carry in Lisbon at today’s market rate, using Lisbon’s real mil rate and cited median.
Enter your numbers
Assumptions (editable)
Frequently asked questions about buying in Lisbon
What income do you need to buy a house in Lisbon Maine?
At the current market rate and the cited Lisbon median (around $285,000), qualifying typically requires household income in the mid $60,000s to low $70,000s with ten percent down. The 207 Number returns your exact fit against Lisbon's mil rate.
How much are property taxes in Lisbon Maine?
Lisbon's mil rate is shown at the top of this page. On a $285,000 home, a mil rate of $26.20 works out to about $7,470 a year before Maine's homestead exemption.
Is Lisbon Maine a good place to live?
Lisbon offers small-town character, river access, and affordability. Amenities are limited; buyers usually shop in Lewiston-Auburn or Brunswick.
How much is a house in Lisbon Maine?
The Androscoggin County single family median sits around $285,000. Lisbon single families commonly trade between $220,000 and $360,000 depending on condition and lot.
How is the commute from Lisbon to Portland?
Thirty-five to forty-five minutes on the Turnpike off peak. Peak commutes on I-295 can add ten to fifteen minutes.
Market averages shown are sourced from the named indices and updated on their published schedule. These are market averages, not an offer or commitment to lend, and not a rate available to you. Your actual rate and payment depend on your credit score, down payment, qualifying income, loan type, loan amount, property type and occupancy, loan-to-value, points, and market conditions at lock. Rates change daily and are subject to change without notice. Figures are estimates for illustration only and do not constitute loan approval, a rate lock, or a guarantee. Travis Penny | NMLS #1649161 | Equal Housing Opportunity | nmlsconsumeraccess.org
Ready to run your number for Lisbon?
Call or text 207.615.7770. Travis answers.