The typical owner-occupied home in Lyons is worth about $656,300, 2.5 times the South Dakota median of $257,400 and 97% above the national median of $332,700. The median household earns $159,286 a year, so the median home costs 4.1 times the median income (3.4 times for South Dakota). 100% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Lyons at a glance
| Lyons | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $656,300 | $257,400 | $332,700 |
| Median property tax paid per year | – | $2,724 | $3,119 |
| Median household income | $159,286 | $75,081 | $80,734 |
| Homes lived in by their owners | 100% | 69% | 65% |
| Owner homes with a mortgage | 58% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,680 | $1,963 |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1979 | 1980 | 1980 |
| Vacant homes | 0.0% | 10.5% | 10.1% |
| Population | 112 | 907,428 | 334,922,499 |
What a typical home costs per month in Lyons
At this week's average 30-year rate of 7.11%, buying the median Lyons home of $656,300 with 20% down costs about $4,407 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,500, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $188,874 for the 20%-down payment. That payment is 33% of the median Lyons household income of $159,286; at that income and 20% down, the 28% guideline points to a home of about $553,000.
| Down payment | $131,260 |
|---|---|
| Loan amount | $525,040 |
| Principal and interest | $3,532 |
| Property taxes (1.10% a year) | $602 |
| Homeowners insurance (our estimate, 0.5% a year) | $273 |
| PMI | $0 |
| Total per month | $4,407 |
Change the numbers in the calculator
| Down payment | $22,970 |
|---|---|
| Loan amount | $644,413 |
| Principal and interest | $4,335 |
| Property taxes (1.10% a year) | $602 |
| Homeowners insurance (our estimate, 0.5% a year) | $273 |
| FHA mortgage insurance | $290 |
| Total per month | $5,500 |
Change the numbers in the calculator
Questions about home buying in Lyons
What is the median home value in Lyons?
About $656,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Lyons?
For the median home with 20% down at 7.11%, the payment is about $4,407 a month. Keeping that under 28% of gross income takes about $188,874 a year.
More about Lyons
- Mortgage Refinance in Lyons
- Debt Relief in Lyons
- Home Equity Loans in Lyons
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data