There are currently 2,895 real estate properties in Lyons, IL, with a median automated valuation model (AVM) price of $216,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lyons, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lyons, IL, is $225,052.00, with the most expensive house in Lyons, IL, topping out at $696,000.00 and the cheapest home in Lyons, IL, clocking in at $20,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Lyons, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lyons, IL, is on a rollercoaster ride. The average rent price in Lyons, IL, is $1,708.00. Indeed, when looking to rent in Lyons, IL, you can expect to pay as little as $1,030.00 or as much as $2,490.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Lyons, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lyons, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lyons, IL and much more. Save thousands at closing with home foreclosure listings in Lyons, IL — up to 75% off market value!
Lyons is located in Cook, Illinois, with an estimated municipal population of 10,372 residents. All of the best foreclosed homes for sale in Lyons are located in the following zip code areas on Foreclosure.com: 60534 60525. The estimated population per square kilometer (.62 miles) in Lyons is 1,832.
So, about how much do homes cost in Lyons? The most recent median value of resident-owned homes in Lyons is 169,718. An estimated 59 percent of households in Lyons own their homes, with an average family size of 3.65. The median household income in Lyons is 60,168, with20.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lyons, the median commute time of resident workers (in minutes) is 29.1. And last, but certainly not least, are you looking for homes to rent in Lyons? If so, the average rent price paid by renters in Lyons is 976, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lyons, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Lyons is 34.5, split between 51 percent male versus 49 female. The percentage of residents who report being married in Lyons is 44.1, with an average family size of 3.65.
The percentage of residents who report their race in Lyons is as follows:
|Black / African American||5.2%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Lyons? Or maybe you are searching for 55+ active adult communities in and/or near Lyons?
The percentage of residents who report their age in Lyons is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lyons with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lyons.
How do you know that living in -- or moving to -- Lyons is right where you need to be? Perhaps you grew up in Lyons or already live nearby; therefore, the decision to buy a home in Lyons is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lyons for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lyons:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lyons.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lyons can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lyons, meanwhile, can field multiple offers from more qualified buyers.