Lyon County, Iowa Housing Market Prices
Lyon County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 70% above the Iowa median More expensive than 90% of counties in Iowa$261,428
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Median rent 13% below the Iowa median$843
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lyon County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,428 | $153,425 | $248,835 |
| Price Trend (Annual %) | 26.1% | 7.5% | 7.5% |
| Median Gross Rent | $843 | $971 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lyon County is about 70% higher than in Iowa. Rent is about 13% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lyon County, up about 26.1% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Lyon County rose about 41.8% between 2015 and 2024, from $594 to $843. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Lyon County.
Buying the median-priced home in Lyon County costs roughly 25.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lyon County. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Lyon County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $261,428 | $153,425 | $248,835 |
| Median Household Income | $76,339 | $75,133 | $80,455 |
| Price-to-Income Ratio | 3.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lyon County rose about 125.6%, while median household income rose about 46.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lyon County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.4% | 65.6% | 58.5% |
| Rental Rate | 17.6% | 25.9% | 31.2% |
| Vacancy Rate | 8.0% | 8.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Lyon County has a homeownership rate of 74.4%, higher than the Iowa average of 65.6%. Its housing vacancy rate is 8.0%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Lyon County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1979 | 1971 | 1978 |
| Median Number of Rooms | 6.7 | 5.9 | 5.5 |
The typical housing unit in Lyon County was built around 1979. On average, 2.7 people live in a home with about 6.7 rooms, staying for about 16.0 years on average.
Lyon County, IA Housing Compared With Nearby Counties
How Lyon County, IA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lyon County, IA | 12,162 | $261,428 #2/2 | $843 #2/2 | 80.9% #1/2 |
| Lincoln County, SD | 70,639 | $337,722 | $1,260 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Lyon County, Iowa.
What is the median home price in Lyon County, Iowa?
The median home price in Lyon County, Iowa is $261,428, higher than the Iowa average of $153,425.
What is the average home price in Lyon County, Iowa?
The typical home price in Lyon County, Iowa, reported as the median sale price, is $261,428. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lyon County, Iowa?
The median gross rent in Lyon County, Iowa is $843 per month, lower than the Iowa average of $971.
What was the median gross rent in Lyon County in 2020?
In 2020, the median gross rent in Lyon County, Iowa was $713 per month.
What is the price-to-rent ratio in Lyon County, Iowa?
The price-to-rent ratio in Lyon County, Iowa is about 25.9, meaning it would take roughly 25.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lyon County.
Are home prices or rent rising faster in Lyon County, Iowa?
Both home prices and rent are rising in Lyon County, up about 26.1% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lyon County, Iowa?
74.4% of households in Lyon County, Iowa own their home, higher than the Iowa average of 65.6%.
What is the vacancy rate in Lyon County, Iowa?
The housing vacancy rate in Lyon County, Iowa is 8.0%, lower than the Iowa average of 8.5%.
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