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Lyle

Learn about the people, housing, costs and businesses in Lyle, Minnesota

Median Home$200,600
Median Rent$698/month
Population522
Leading IndustriesPublic Administration · Construction · Agriculture & Mining32% public administration
Home Value Growth+3.7% over 2 years
Retirees22% of residentsnear the national average
Homeowners86% of occupied units
Lyle
MN

Frequently Asked Questions

What are today's mortgage rates in Lyle?

As of today, the 30-year fixed mortgage rate for Lyle is approximately 6.965% (7.004% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lyle?

The median home value in Lyle is $201k. The median monthly rent is $698. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lyle?

Home values in Lyle have increased 3.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lyle?

Based on a typical all-in ownership cost of $939/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lyle is $79k/year.

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What industries drive the economy in Lyle?

The largest employment sectors in Lyle are public administration (32%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.