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Lyman

Learn about the people, housing, costs and businesses in Lyman, Utah

Median Home$411,800
Median Rent$884/month
Population204
Leading IndustriesManufacturing · Wholesale Trade · Arts, Food & Hospitality2% manufacturing
Home Value Growth-0.1% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners79% of occupied units
NotableHighly Educated36% bachelor's · 12% graduate · top 3% nationally
NotableTransit79/100 · excellent transit access
Lyman
UT

Frequently Asked Questions

What are today's mortgage rates in Lyman?

As of today, the 30-year fixed mortgage rate for Lyman is approximately 6.886% (6.922% 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 Lyman?

The median home value in Lyman is $412k. The median monthly rent is $884. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lyman?

Home values in Lyman have decreased 0.1% over the past two years. Buyers may find more negotiating room in this market. 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 Lyman?

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lyman is $77k/year.

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What industries drive the economy in Lyman?

The largest employment sectors in Lyman are public administration (17%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.