Lyon County, Minnesota Housing Market
In Lyon County, Minnesota, the median home value is $200,700, with a median monthly rent of $781. This places Lyon County at #1392 nationally out of 3134 counties by median home value, and #55 within Minnesota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,048
- Establishments: 791
- BLS QCEW, 2025
Housing Supply
- Single-family: 19
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,252 (avg $80,445)
- Outflow: 9,655 (avg $82,591)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Lyon County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56175 | 259.0 | -5.02% | 2025 |
| 2 | 56229 | 232.2 | +1.52% | 2025 |
| 3 | 56258 | 204.1 | +6.55% | 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
| Metric | Lyon County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $200,700 | $238,335 | $227,706 |
| Median Gross Rent | $781 | $938 | $968 |
| Owner Occupancy Rate | 72.5% | 77.9% | 73.3% |
| Price/Rent Ratio | 21.4 | 21.1 | 18.7 |
Market Analysis
The median home value in Lyon County is 15.8% below the Minnesota state average and 11.9% below the U.S. national average. The median rent of $781/month is 16.7% below the state average.
With a price-to-rent ratio of 21.4, 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 72.5%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Traill County | North Dakota | $200,700 | $717 |
| Gaines County | Texas | $200,700 | $789 |
| Lamar County | Texas | $200,700 | $949 |
| Grant County | Wisconsin | $200,700 | $813 |
| Adams County | Wisconsin | $200,800 | $828 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Stevens County | $202,800 | $951 | 63.4% |
| Nobles County | $197,200 | $896 | 74.2% |
| Pennington County | $195,500 | $862 | 72.2% |
| Todd County | $207,700 | $908 | 83.0% |
| Clearwater County | $192,100 | $742 | 80.1% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).