Lyon County, Iowa Housing Market

In Lyon County, Iowa, the median home value is $230,000, with a median monthly rent of $843. This places Lyon County at #1078 nationally out of 3134 counties by median home value, and #13 within Iowa.

Median Home Value $230,000
Median Rent $843/mo
Owner Occupancy 80.9%
Price/Rent Ratio 22.7

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Lyon County rose +1.2% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

4,238
jobs (private sector)
  • Avg weekly wage: $1,033
  • Establishments: 516
  • BLS QCEW, 2025
🏗️

Housing Supply

41
new units authorized (2025)
  • Single-family: 33
  • Multi-family: 8
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+191
net migration (filers, 2021-2022)
  • Inflow: 4,619 (avg $86,815)
  • Outflow: 4,428 (avg $88,143)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 5 active ZIP codes in Lyon County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 51239 318.7 +11.33% 2025
2 51247 274.2 +8.65% 2025
3 51241 271.7 +4.12% 2025
4 51246 245.7 -4.09% 2025
5 51201 267.2 +5.58% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Lyon County Compares

MetricLyon CountyIowa AverageU.S. Average
Median Home Value $230,000 $171,037 $227,706
Median Gross Rent $843 $832 $968
Owner Occupancy Rate 80.9% 75.8% 73.3%
Price/Rent Ratio 22.7 17.0 18.7

Market Analysis

The median home value in Lyon County is 34.5% above the Iowa state average and 1.0% above the U.S. national average. The median rent of $843/month is 1.3% above the state average.

With a price-to-rent ratio of 22.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Lyon County has an owner-occupancy rate of 80.9%, compared to 75.8% in Iowa and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Dubois County Indiana $230,100 $834
West Baton Rouge Parish Louisiana $229,900 $973
McCook County South Dakota $230,100 $945
Lynchburg city Virginia $229,800 $1,073
Treasure County Montana $230,300 $850

Other Counties in Iowa

CountyMedian Home ValueMedian RentOwner Occ.
Plymouth County $228,900 $910 73.6%
Marion County $233,000 $884 77.7%
Dubuque County $237,300 $959 73.3%
Mills County $237,800 $959 83.5%
Scott County $222,000 $1,005 70.0%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).