The housing in Lyon, MI is significantly below the US House Median Value. However, with the 1 year appreciation rate at 9.86%, it is still a great market to invest in. The median housing value in Lyon, MI is $172,900 making it more affordable for potential buyers and investors alike. With properties appreciating in value over time, this market offers great opportunities and potential return on investments for those looking to make a move into the area.
The median home cost in Lyon is $172,900. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Lyon is up 15.7%.
Average Age of Homes
- The median age of Lyon real estate is 46 years old
The Rental Market in Lyon
- Renters make up 2.9% of the Lyon population
- 0.8% of houses and apartments in Lyon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.