Lisbon Homes under $500,000

Welcome to the enchanting city of Lisbon, Wisconsin—a hidden gem that beautifully marries small-town charm with modern conveniences. Nestled in the heart of Waukesha County, Lisbon boasts a rich history, picturesque landscapes, and a vibrant community spirit. With its lush parks, scenic trails, and friendly neighborhoods, it’s no wonder families and individuals are drawn to this delightful locale.

Lisbon offers an array of homes under $500,000, making it an ideal destination for first-time homebuyers, growing families, or those looking to downsize. You’ll find a diverse selection of properties, from cozy single-family homes to spacious townhouses, each providing the perfect backdrop for creating lasting memories. Many of these homes feature modern amenities, open floor plans, and beautifully landscaped yards, allowing you to enjoy both comfort and style.

The community is known for its excellent schools, making it a great place to raise children. Residents can take advantage of numerous recreational activities, including hiking, biking, and community events that foster a strong sense of belonging. Lisbon’s strategic location also provides easy access to nearby cities, offering the best of both worlds—peaceful living with the excitement of urban amenities just a short drive away.

Explore the charm and affordability of Lisbon, WI, where your dream home awaits. With a thriving community, beautiful surroundings, and homes under $500,000, it’s time to discover why so many are calling this lovely city their home. Come and experience the warmth of Lisbon for yourself!

Newest Lisbon Homes under $500,000

$439,900

3 Beds ⋅ 2 Baths ⋅ 2032745 MLS ⋅ ACTIVE Status

Showings start October 1, 2026. What a beautiful lot. Mature trees and space to enjoy! Ranch home with so much space and potential. Original hardwood floors in the bedrooms. Bring your ideas to make this home yours to enjoy! Measurements are approximate, buyer to verify.

N93w25235 Crestwood Dr, Lisbon

$484,900

5 Beds ⋅ 3 Baths ⋅ 2032643 MLS ⋅ ACTIVE UNDER CONTRACT Status

Country living is calling! Enjoy space, privacy, and peaceful rural living in this spacious 5-bedroom, 3-bathroom home situated on 9+ acres in New Lisbon. With approximately 4,020 sq. ft. of finished living space, there’s plenty of room to spread out and make yourself at home. The kitchen features beautiful quartz countertops, a stylish tile backsplash, and newer appliances, making it both functional and inviting. The finished walk-out basement provides additional flexible living space, while the deck offers a great spot to relax and take in the peaceful surroundings. A fenced yard area adds convenience space for your furry friends. The heated detached 2-car garage is an added bonus, complete with an RV hookup, updated electrical, and plenty of space for vehicles, storage, or hobbies. If you’re looking for acreage, room to roam, and the tranquility of the country—with thoughtful updates and practical amenities—this property is ready to welcome you home!

N5838 Davies Rd, Lisbon

$350,000

4 Beds ⋅ 2 Baths ⋅ 2031294 MLS ⋅ ACTIVE UNDER CONTRACT Status

Completely Remodeled and Move-In Ready! This spacious 2,300 sq. ft. home has been completely renovated down to the studs, offering the perfect combination of modern finishes and comfortable living. Featuring 4 bedrooms and 2 beautifully updated bathrooms, the home boasts a brand-new kitchen, new appliances- including a washer and dryer & stylish updates throughout. The basement offers additional usable space with finished walls, an epoxy floor and a painted ceiling. Enjoy the convenience of a tucked under, finished and insulated 2-stall garage with new garage doors and openers. Situated on a generous 0.75-acre lot and conveniently located just minutes from Mauston and Castle Rock Lake, this beautifully transformed home is ready for you to move in and enjoy!

N5881 State Road 58, Lisbon

$450,000

3 Beds ⋅ 4 Baths ⋅ 2023431 MLS ⋅ ACTIVE UNDER CONTRACT Status

Beautiful 2,300 sq ft brick home set on 4.5 wooded acres. This 3-bedroom, 3.5-bath home features a spacious primary suite overlooking a private pond, patio, and landscaped yard. Enjoy a bright great room with a wall of windows that brings in natural light. The kitchen features cherry cabinets, an island, perfect for entertaining, plus a cozy fireplace for chilly nights. The full basement includes a finished bath and ample room to grow, with egress windows for future bedrooms, a rec room, and additional storage. A charming loft offers a quiet retreat to take it all in. Schedule your private showing today and experience it for yourself!

N5190 Treganza Dr, Lisbon

$364,900

3 Beds ⋅ 1 Baths ⋅ 2022465 MLS ⋅ ACTIVE UNDER CONTRACT Status

Welcome to the hobby farm you’ve been waiting for! This well-maintained 3–4 bedroom home sits on 3 beautiful acres just a few miles from Mauston, offering the perfect mix of rural living and convenience to town, amenities, and the hospital. Numerous updates throughout, spacious bedrooms, and a large deck off the kitchen make this home comfortable and inviting. Property is fenced with 4 pastures, ideal for rotating goats, llamas, alpacas, or other animals. Large barn features a working water tank and feed storage, plus a 3-sided shed, utility shed, and brand-new 24x30 Cleary detached garage with concrete floor and electric. Fenced backyard, outbuildings, and plenty of space—everything is ready for you and your animals! You'll want to call this home.

W6581 Meyer Rd, Lisbon

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