The typical owner-occupied home in Lyman is worth about $412,000, 16% below the Utah median of $489,400 and 24% above the national median of $332,700. Owners pay a median $1,500 a year in property taxes, about 0.36% of their home's value, lower than the Utah rate of 0.52%. 62% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Lyman at a glance
| Lyman | Utah | U.S. | |
|---|---|---|---|
| Median home value | $412,000 | $489,400 | $332,700 |
| Median property tax paid per year | $1,500 | $2,525 | $3,119 |
| Property tax as a share of value | 0.36% | 0.52% | 0.94% |
| Median household income | – | $95,166 | $80,734 |
| Homes lived in by their owners | 62% | 70% | 65% |
| Owner homes with a mortgage | 50% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,667 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 24.3% | 20.5% | 21.0% |
| Median rent | – | $1,496 | $1,413 |
| Median year homes were built | 1970 | 1992 | 1980 |
| Vacant homes | 18.7% | 8.1% | 10.1% |
| Population | 289 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Lyman
At this week's average 30-year rate of 7.11%, buying the median Lyman home of $412,000 with 20% down costs about $2,513 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,199, 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 $107,679 for the 20%-down payment.
| Down payment | $82,400 |
|---|---|
| Loan amount | $329,600 |
| Principal and interest | $2,217 |
| Property taxes (0.36% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $172 |
| PMI | $0 |
| Total per month | $2,513 |
Change the numbers in the calculator
| Down payment | $14,420 |
|---|---|
| Loan amount | $404,538 |
| Principal and interest | $2,721 |
| Property taxes (0.36% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $172 |
| FHA mortgage insurance | $182 |
| Total per month | $3,199 |
Change the numbers in the calculator
Questions about home buying in Lyman
What is the median home value in Lyman?
About $412,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lyman?
Homeowners pay a median $1,500 a year, which is about 0.36% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lyman?
For the median home with 20% down at 7.11%, the payment is about $2,513 a month. Keeping that under 28% of gross income takes about $107,679 a year.
More about Lyman
- Mortgage Refinance in Lyman
- Debt Relief in Lyman
- Home Equity Loans in Lyman
- 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