Condo Foreclosures in Lyons, IL

Current Market Conditions in Lyons, IL

The Lyons real estate market has seen steady growth over the past year, with more families and young professionals moving into the area due to its affordability compared to nearby Chicago. The demand for single-family homes has increased, resulting in a competitive market where listings can see brisk sales.

Investors are also showing interest in the area, given the potential for rental income from the growing population. Housing prices have risen moderately, reflecting the area’s appeal and the ongoing developments that aim to enhance local infrastructure.

Rent Prices 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 $1,676.00. Indeed, when looking to rent in Lyons, IL, you can expect to pay as little as $800.00 or as much as $2,960.00, with the average rent median estimated to be $1,710.00. 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.