South Lyon, MI Real Estate

According to census data in the year 2000 there were 4,467 housing units in South Lyon. This represents a 79.8% growth from 2,485 in 1990.

Of those housing units, 4,467 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in South Lyon is about 74.7%. South Lyon's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 2.34 people.

The majority of houses, apartments or condos in South Lyon were built after 1982.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom13.60%
Two Bedrooms38.90%
Three Bedrooms33.90%
Four Bedrooms12.40%
Five Bedrooms or more0.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1985
Median Value of occupied units$160,400
Median Price asked for vacant units$187,500

Rented Homes, Apartments and Condos

Average Household Size1.84
Median year structure was built1978
Median Monthly Rent asked for vacant units$817

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage3.30%
Home Equity Loan12.90%
Simple Mortgage64.20%
Debt Free19.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.1%