Lyons, MI—48851
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lyons, MI
As of Oct '25, the median home price in Lyons, MI is $233,000, with a year-over-year change of 4.9%. This indicates that home prices in Lyons, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $233,000 | 4.9% |
| Single Family | $233,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $161,000 | 4.5% |
3 Bed | $238,000 | 4.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lyons, MI
As of July '25, Rentcast reports the average rent in Lyons, MI is $1,070, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Lyons, MI is 1-bedrooms: $1,070. The most common rental property sizes in Lyons, MI are 3-bedroom and 2-bedroom, accounting for 61.8% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,070 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lyons, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lyons, MI is 40. This is a decrease of -38.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | 73.0% |
Listing Count | 8 | 28.0% |
| Listings as % of Homes | 0.4% | 28.0% |
Days on Market | 40 | -38.0% |
Demographics — Lyons, MI
As of the latest ACS Survey released in 2023, Lyons, MI has a population of 2,310, which has increased by 7.6% over the past 5 years. Lyons, MI is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,310 | 7.6% |
% Under 18 | 21.2% | -12.0% |
% Seniors | 19.3% | 8.4% |
% WFH | 12.2% | 1,009.1% |
% w/ College Degree | 14.6% | -7.6% |
As of the latest ACS Survey released in 2023, Lyons, MI is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Lyons, MI is hispanic, making up 4.8% of the population. Foreign-born residents account for 1.3% of the population in Lyons, MI, and this percentage has increased by 116.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.4% | -3.7% |
% Black | 0.3% | 0.0% |
% Hispanic | 4.8% | 33.3% |
% Asian | 0.1% | -87.5% |
% Foreign Born | 1.3% | 116.7% |
Mortgage and Risk — Lyons, MI
According to HUD data as of 2023, there were 61 mortgage originations in Lyons, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Lyons, MI. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 61 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Lyons, MI
Lyons, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,050 | $870 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Lyons, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $233,000 |
| Median Household Income | $64,300 |