Zip 48178 (South Lyon, MI) Housing

The median housing value in South Lyon, MI (48178) is currently $415,000, which is higher than the national median of $338,100. In the past year, the appreciation rate for homes in South Lyon was 8.47%, higher than the US average of 8.27%. This suggests that South Lyon has a strong and steadily growing real estate market, making it an ideal place to invest in housing.

The median home cost in South Lyon (zip 48178) is $415,000. Home appreciation the last 10 years has been 109.8%. Home Appreciation in South Lyon (zip 48178) is up 13.1%.

Average Age of Homes

- The median age of South Lyon (zip 48178) real estate is 26 years old

The Rental Market in South Lyon (zip 48178)

- Renters make up 13.6% of the South Lyon (zip 48178) population
- 0.3% of houses and apartments in South Lyon (zip 48178), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	South Lyon, Michigan	United States
	13,952.0	139,647,020.0
	27	42
	$415,000	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$13.20	$10.98
	$4,244	$2,690
	89.1%	57.4%
	3.6%	11.2%
	7.3%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	0.6%	2.4%
	1.8%	2.8%
	2.3%	3.9%
	3.2%	4.5%
	6.3%	11.3%
	8.3%	13.0%
	19.5%	20.1%
	24.0%	13.6%
	15.2%	8.3%
	12.7%	9.7%
	1.7%	3.9%
	0.8%	2.2%
	0.2%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	18.8%	13.6%
	18.8%	13.6%
	26.4%	13.6%
	11.2%	13.2%
	11.9%	14.8%
	26.4%	13.6%
	5.1%	10.0%
	0.8%	4.7%
	3.2%	12.2%

Reviews for South Lyon

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John · South Lyon, MI

Great place to raise a family!

Over 19 years ago

Close to everything you need, including state metroparks. Great schools and focus on More

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