Land and home values in South Lyon, MI
South Lyon is a city in Oakland County, Michigan, home to about 11,950 people. Residential land runs about $9.11 per sq ft, the typical home is worth about $336,000, and a 2-bedroom rents for about $1,420 a month, as of October 12, 2026.
Open on the satellite mapAsk us on WhatsAppValues in South Lyon
| Land: residential | $9.11 | per sq ft |
| Land: residential | $397,006 | per acre |
| Land: quarter-acre lot | $99,251 | 10,890 sq ft |
| Home: typical (median) | $336,000 | value |
| Home: entry-level | $257,000 | lower quartile |
| Home: upper-end | $504,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,180 | per month |
| Rent: 2-bedroom | $1,420 | per month |
| Rent: 3-bedroom | $1,820 | per month |
| Rent: 4-bedroom | $2,000 | per month |
| Gross yield, 2-bed | 5.1% | a year |
ZIP codes
Questions people ask
How much is land worth in South Lyon, MI?
Residential land in South Lyon, MI is about $9.11 per square foot, or $397,006 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $99,251. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in South Lyon, MI?
The typical (median) home in South Lyon, MI is worth about $336,000, with entry-level homes around $257,000 and upper-end homes around $504,000, as of October 2026.
How much is rent in South Lyon, MI?
A 2-bedroom rents for about $1,420 a month in South Lyon, MI, a 1-bedroom about $1,180 and a 3-bedroom about $1,820 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.