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 Units by Size|
|Five Bedrooms or more||0.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.51|
|Median year structure was built||1985|
|Median Value of occupied units||$160,400|
|Median Price asked for vacant units||$187,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.84|
|Median year structure was built||1978|
|Median Monthly Rent asked for vacant units||$817|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||12.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.1%|