Home prices
The median home in South Lyon is valued at $192,100. This is roughly $65,740 (25%) lower compared to the surrounding areas.In comparison to the nation as a whole it is roughly $25,400 (11%) lower, and it is roughly $142,900 (290%) higher in comparison to the city of Detroit.
Rents
The median rent in South Lyon is $1,042 per month. In comparison to other places in this area this is is very similar.It is approximately $20 (1%) lower in comparison to the rest of the country, and it is approximately $218 (26%) higher compared to the city of Detroit.
Nearby places
Whitmore Lake
Whitmore Lake is roughly 5 miles southwest of South Lyon. Its housing prices are a little less expensive. The median home price in Whitmore Lake is $174,800, which works out to $17,300 (9%) lower than South Lyon. The rent there is somewhat less expensive. In Whitmore Lake the median rent is $986 per month, which comes out to $56 (5%) lower than South Lyon.
Wixom
Wixom is roughly 6 miles northeast from South Lyon. Its housing prices are a bit more expensive. The value of the median home in Wixom is $249,300, which is $57,200 (22%) higher than South Lyon. Rent there is a lot less expensive. Wixom's median rent is $745 per month, which works out to $297 (39%) lower than South Lyon.
Novi
Novi is roughly 7 miles east of South Lyon. The real estate prices there are significantly more expensive. The median home in Novi is valued at $322,100, which is $130,000 (40%) higher than South Lyon. The rent there is a bit more expensive. The median rent in Novi is $1,347 per month, which comes out to $305 (22%) higher than South Lyon.
Brighton
Brighton is about 7 miles northwest of South Lyon. Its real estate prices are somewhat more expensive. Brighton's median home price is $211,600, which is $19,500 (9%) higher than South Lyon. Rents there are fairly similar. The median rent in Brighton is $1,064 a month, which is $22 (2%) higher than South Lyon.
Northville
Northville is about 7 miles east of South Lyon. Housing prices there are significantly more expensive. The median home in Northville costs $331,400, which works out to $139,300 (42%) higher than South Lyon. Rent there is a bit more expensive. Northville's median monthly rent is $1,101, which works out to $59 (5%) higher than South Lyon.
