House Prices

House Prices & Home Values South Lyon, MI 2026


Average Data

average house price$365,413
average size per house2194 ft²
average price per ft²167 $ / ft²

04/04/2026 - The value range (VR) for house prices in South Lyon, MI is $169/ sqft to $169/ sqft. An average home with 2194 sqft costs approximately $370,786 to $370,786. South Lyon, MI includes 1 ZIP codes and it is located in Washtenaw county. The lowest prices are found in ZIP 48178, while the highest are in ZIP 48178. The average price per sqare feet is $167. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes South Lyon

48178170 $ / ft²




Historical development of home values in South Lyon

Year Estimated value (USD) Change vs. 2025
2010 $169,704 -53.6%
2011 $163,142 -55.4%
2012 $162,703 -55.5%
2013 $168,784 -53.8%
2014 $177,177 -51.5%
2015 $186,270 -49.0%
2016 $195,991 -46.4%
2017 $206,569 -43.5%
2018 $217,990 -40.3%
2019 $228,097 -37.6%
2020 $239,889 -34.4%
2021 $272,848 -25.3%
2022 $318,079 -13.0%
2023 $335,429 -8.2%
2024 $354,835 -2.9%
2025 $365,413 0.0%

Graph: estimated home values in South Lyon over time (USD)



Example: 100% financing house in South Lyon

Loan amount: $365,413

Interest rate: 6.00%

Fixed monthly payment: $2,190.84

Breakdown in the 1st month:
Interest portion: $1,827.07  –  Principal portion: $363.77

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $21,802.71 $4,487.31 $360,925.69
2 $21,525.94 $4,764.08 $356,161.60
3 $21,232.11 $5,057.92 $351,103.68
4 $20,920.14 $5,369.88 $345,733.80
5 $20,588.94 $5,701.08 $340,032.72
6 $20,237.31 $6,052.71 $333,980.00
7 $19,863.99 $6,426.03 $327,553.97
8 $19,467.65 $6,822.38 $320,731.59
9 $19,046.86 $7,243.17 $313,488.43
10 $18,600.12 $7,689.91 $305,798.52
11 $18,125.82 $8,164.21 $297,634.31
12 $17,622.27 $8,667.76 $288,966.56
13 $17,087.66 $9,202.36 $279,764.19
14 $16,520.08 $9,769.95 $269,994.25
15 $15,917.49 $10,372.53 $259,621.71
16 $15,277.74 $11,012.29 $248,609.42
17 $14,598.52 $11,691.50 $236,917.92
18 $13,877.42 $12,412.61 $224,505.31
19 $13,111.83 $13,178.19 $211,327.12
20 $12,299.03 $13,990.99 $197,336.12
21 $11,436.10 $14,853.93 $182,482.20
22 $10,519.94 $15,770.09 $166,712.11
23 $9,547.28 $16,742.75 $149,969.36
24 $8,514.62 $17,775.41 $132,193.95
25 $7,418.27 $18,871.75 $113,322.20
26 $6,254.30 $20,035.72 $93,286.47
27 $5,018.54 $21,271.48 $72,014.99
28 $3,706.57 $22,583.46 $49,431.53
29 $2,313.67 $23,976.36 $25,455.17
30 $834.86 $25,455.17 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in South Lyon, MI


1500 sqft3900 sqft
Ø selling price$303,105$644,787
Ø fast selling$275,550$580,309
Ø high price sale$330,660$709,266

In 2026, houses in South Lyon, MI will be offered at an average price of $167 per square foot. A 1,500 sqft home priced at $303,105 is 23.07% more expensive per square foot than a 3,900 sqft home priced at $644,787. Home prices in South Lyon, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $446,392. Sellers who can wait longer may achieve a higher price of up to $545,590.


South Lyon, MI Overview

South Lyon, MI is a welcoming city in southwest Oakland County known for its historic downtown and small-town charm.

Location & Lifestyle

Located near I-96 with easy access to Ann Arbor and Detroit,
South Lyon offers a commuter-friendly base with suburban tranquility.

The walkable downtown South Lyon features boutiques, cafes, and restored buildings that highlight the community?s 19th-century railroad heritage.

Things to Do

Outdoor lovers enjoy quick trips to Kensington Metropark and Island Lake Recreation Area for biking, paddling, and year-round trails.

Inside the city, the Huron Valley Trail and numerous parks provide playgrounds, dog areas, and connected greenways for daily recreation.

Community & Schools

Families value highly rated South Lyon Community Schools and a calendar packed with youth sports, library programs, and neighborhood events.

Signature gatherings like Pumpkinfest and the summer concert series build strong community spirit and welcome visitors throughout the region.

Housing & Economy

The local economy blends light industry, healthcare, and small businesses, while residents also tap into job centers across metro Detroit.

Homebuyers find a mix of historic homes, new subdivisions, and condos, with relatively competitive South Lyon real estate compared to nearby markets.

Why Visit or Move

Whether you are planning a weekend visit or a long-term move, South Lyon, Michigan offers convenience, character, and a vibrant, connected lifestyle.



FAQ – Home Values in South Lyon

What is the median home value in South Lyon in 2026?

In 2026, the typical home value in South Lyon is about $365,413 for an average home size of 2194 square feet. This corresponds to an average price of roughly $167 per square foot.

What is the average cost per square foot in South Lyon?

In 2026, homes in South Lyon sell for an average of around $167 per square foot, with a typical range between $169 and $169 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in South Lyon is about 2194 square feet, with an estimated 2026 value around $365,413.



Locations close to South Lyon, MI

South Rockwood, MI126 $ / ft²
Taylor, MI99 $ / ft²
Temperance, MI129 $ / ft²
Samaria, MI165 $ / ft²
Saline, MI158 $ / ft²
Romulus, MI158 $ / ft²




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