The Most Affordable Neighborhoods in Lyons, IL by Home Value

 

Lyons, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lyons area can be challenging. Home prices in Lyons are now at a median cost of $243,104, higher than the Illinois average of $242,002.

The average cost of rent is $1,094/mo in Lyons, primarily driven by the current value of real estate in the Lyons area. While nearly 40.76% of residents own their homes outright in Lyons, 31.65% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lyons is $5,807 per month. Households that rent pay about 18.84% of their income on rent here. Lyons's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.


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