Lyons, IL—60534
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lyons, IL
As of Oct '25, the median home price in Lyons, IL is $267,000, with a year-over-year change of -0.3%. This indicates that home prices in Lyons, IL are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | -0.3% |
| Single Family | $280,000 | 1.1% |
| Condos | $177,000 | -19.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 0.9% |
3 Bed | $277,000 | 0.7% |
4 Bed | $323,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lyons, IL
As of July '25, Rentcast reports the average rent in Lyons, IL is $1,820, with a year-over-year rent change of 12.3%. Per bedroom, the median rent as of July '25 in Lyons, IL is 1-bedrooms: $1,340, 2-bedrooms: $2,160, 3-bedrooms: $2,350. The most common rental property sizes in Lyons, IL are 2-bedroom and 1-bedroom, accounting for 42.0% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,340 |
| 2 Bed Rent | $1,750 | $2,160 |
| 3 Bed Rent | $2,200 | $2,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lyons, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lyons, IL is 53. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $294,000 | 9.0% |
Listing Count | 22 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 53 | 39.0% |
Demographics — Lyons, IL
As of the latest ACS Survey released in 2023, Lyons, IL has a population of 10,400, which has decreased by -1.7% over the past 5 years. Lyons, IL is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | -1.7% |
% Under 18 | 22.3% | -5.5% |
% Seniors | 19.3% | 52.0% |
% WFH | 14.1% | 354.8% |
% w/ College Degree | 16.4% | -14.1% |
As of the latest ACS Survey released in 2023, Lyons, IL is a predominantly hispanic area, with 48.5% of the population identifying as hispanic. The hispanic population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Lyons, IL is white, making up 45.9% of the population. Foreign-born residents account for 24.2% of the population in Lyons, IL, and this percentage has increased by 16.9% 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 | 45.9% | 6.7% |
% Black | 3.1% | -16.2% |
% Hispanic | 48.5% | -4.0% |
% Asian | 2.9% | 31.8% |
% Foreign Born | 24.2% | 16.9% |
Mortgage and Risk — Lyons, IL
According to HUD data as of 2023, there were 126 mortgage originations in Lyons, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Lyons, IL. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 126 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lyons, IL
Lyons, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,300 | $1,250 |
| 2 Bedroom | -$340 | $1,750 | $1,410 |
| 3 Bedroom | -$390 | $2,200 | $1,810 |
| 4 Bedroom | N/A | N/A | $2,130 |
Affordability — Lyons, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $267,000 |
| Median Household Income | $63,800 |