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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lyons, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lyons, IL Housing Market Trends

With 10,411 people, 4,031 houses or apartments, and a median cost of homes of $279,721, Lyons real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lyons, accounting for 55.92% of the village's housing units. Other types of housing that are prevalent in Lyons include large apartment complexes or high rise apartments ( 27.64%), duplexes, homes converted to apartments or other small apartment buildings ( 14.70%), and a few row houses and other attached homes ( 1.74%).

People in Lyons primarily live in small (one, two or no bedroom) single-family detached homes. Lyons has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lyons's housing was primarily built during this period, from the '40s through the '60s. A full 42.94% of the village's housing hails from this era. Other housing ages represented in Lyons include homes built between 1970-1999 ( 24.94%) and housing constructed before 1939 ( 23.87%). There's also some housing in Lyons built between 2000 and later ( 8.25%).

Lyons Home Appreciation Rates

In the last 10 years, Lyons has experienced some of the highest home appreciation rates of any community in the nation. Lyons real estate appreciated 118.25% over the last ten years, which is an average annual home appreciation rate of 8.12%, putting Lyons in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lyons definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Lyons appreciation rates have trailed the rest of the nation. In the last twelve months, Lyons's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lyons were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Lyons's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$279,721

Lyons, IL Home Prices
> $1,280,000
$960,001 - $1,280,000
$640,001 - $960,000
$512,001 - $640,000
$384,001 - $512,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
0.5%
0.5%
0.7%
0.7%
7.2%
7.2%
4.1%
4.1%
11.3%
11.3%
38.3%
38.3%
28.8%
28.8%
6.8%
6.8%
2.3%
2.3%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

4,031

Lyons Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,256 / per month

Homeownership Rate

Owners
Renters
64.3%
64.3%
35.7%
35.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.8%
7.8%
92.2%
92.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.3%
8.3%
24.9%
24.9%
42.9%
42.9%
23.9%
23.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.9%
55.9%
1.7%
1.7%
14.7%
14.7%
27.6%
27.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
15.3%
15.3%
34.1%
34.1%
32.7%
32.7%
14.2%
14.2%
2.9%
2.9%
0% 100.0%
% of Homes