Lyons, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lyons Neighborhoods Since 2000




Lyons, IL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lyons Housing Market Information

With a population of 10,722, 3,974 total housing units (homes and apartments), and a median house value of $195,491, Lyons real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lyons, accounting for 56.50% of the village's housing units. Other types of housing that are prevalent in Lyons include large apartment complexes or high rise apartments ( 22.58%), duplexes, homes converted to apartments or other small apartment buildings ( 18.39%), and a few row houses and other attached homes ( 2.02%).

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 51.37% of the village's housing hails from this era. Other housing ages represented in Lyons include homes built before 1939 ( 22.70%) and housing constructed between 1970-1999 ( 18.01%). There's also some housing in Lyons built between 2000 and later ( 7.92%).

Lyons Home Appreciation Rates

Homes have actually lost value in Lyons over the last then years, as home values have seen a decline of 30.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lyons home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Lyons that despite a nationwide downturn in the housing market, Lyons real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lyons appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 91.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lyons. Lyons appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Lyons's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$195,491

Lyons, IL HOME PRICES

Value Range
> $1,201,000 0.7
$901,001 - $1,201,000 0.1
$601,001 - $901,000 1.1
$481,001 - $601,000 2.5
$360,001 - $481,000 2.4
$240,001 - $360,000 21.5
$120,001 - $240,000 59.8
$60,001 - $120,000 8.8
$0 - $60,000 3.1

High for IL
High for Nation

Value Relative to Nation Value Relative to State
33.3850931677019 26.5822784810127

Number Of Homes And Apartments:
3,974

Lyons Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
9.07% 0.50% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,331 / per month

Homeownership Rate

Homeownership
Owners 59.74
Renters 40.26
Vacant 4.33

Housing Market Details

 

Age of Homes

AGE OF Lyons HOMES
2000 or Newer 7.9
1970 - 1999 18.0
1940 - 1969 51.4
1939 or Older 22.7

Types of Homes

TYPE OF Lyons HOMES
Single-Family 56.5
Townhomes 2.0
Small Apt. Buildings 18.4
Apt. Complexes 22.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Lyons HOMES
No Bedroom 1.30
1 Bedroom 15.36
2 Bedrooms 32.35
3 Bedrooms 37.31
4 Bedrooms 11.03
5 or more bedrooms 2.65