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Lyons

Learn about the people, housing, costs and businesses in Lyons, Illinois

Median Home$257,018
Median Rent$1,280/month
Population10,537
Leading IndustriesFinance & Insurance · Information & Media · Transportation13% finance & insurance
Home Value Growth+9.2% over 2 years
Retirees21% of residentsnear the national average
Homeowners66% of occupied units
NotableTransit87/100 · excellent transit access
NotableAmenity Score78/100 · highly walkable area
Lyons
IL

Frequently Asked Questions

What are today's mortgage rates in Lyons?

As of today, the 30-year fixed mortgage rate for Lyons is approximately 7.058% (7.068% 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 Lyons?

The median home value in Lyons is $257k. The median monthly rent is $1,280. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lyons?

Home values in Lyons have increased 9.2% 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 Lyons?

Based on a typical all-in ownership cost of $1,350/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lyons is $74k/year.

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What industries drive the economy in Lyons?

The largest employment sectors in Lyons are public administration (20%) and information and media (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.