Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Lyon area can be challenging. Home prices in South Lyon are now at a median cost of $307,488, higher than the Michigan average of $196,062.
The average cost of rent is $1,123/mo in South Lyon, primarily driven by the current value of real estate in the South Lyon area. While nearly 31.93% of residents own their homes outright in South Lyon, 9.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Lyon is $9,479 per month. Households that rent pay about 11.85% of their income on rent here. South Lyon's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- New Hudson, MI: equally priced homes
- Salem, MI: higher priced homes
- Whitmore Lake, MI: less expensive homes
- Hamburg, MI: equally priced homes
- Wixom, MI: less expensive homes
- Brighton, MI: equally priced homes
- Northville, MI: higher priced homes
- Milford, MI: higher priced homes
- Novi, MI: higher priced homes
- Plymouth, MI: higher priced homes
Cities with Similar Populations
- Camas, WA: higher priced homes
- Elizabeth City, NC: less expensive homes
- El Mirage, AZ: less expensive homes
- Enterprise, AL: less expensive homes
- Greenville, TX: less expensive homes
- Daphne, AL: less expensive homes
- Golden Glades, FL: less expensive homes
- Clinton, MD: higher priced homes
- Cibolo, TX: less expensive homes
- Central Islip, NY: equally priced homes
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