Lyon County, Nevada Housing Market
In Lyon County, Nevada, the median home value is $366,100, with a median monthly rent of $1,326. This places Lyon County at #371 nationally out of 3134 counties by median home value, and #6 within Nevada.
📈 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: $1,136
- Establishments: 1,120
- BLS QCEW, 2025
Housing Supply
- Single-family: 247
- Multi-family: 162
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 27,084 (avg $67,489)
- Outflow: 24,626 (avg $66,731)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Lyon County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 89447 | 280.2 | +10.15% | 2025 |
| 2 | 89429 | 295.7 | -11.73% | 2024 |
| 3 | 89403 | 290.9 | -0.22% | 2025 |
| 4 | 89706 | 330.6 | +3.87% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lyon County Compares
| Metric | Lyon County | Nevada Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $366,100 | $306,635 | $227,706 |
| Median Gross Rent | $1,326 | $1,169 | $968 |
| Owner Occupancy Rate | 76.7% | 73.0% | 73.3% |
| Price/Rent Ratio | 23.0 | 21.2 | 18.7 |
Market Analysis
The median home value in Lyon County is 19.4% above the Nevada state average and 60.8% above the U.S. national average. The median rent of $1,326/month is 13.4% above the state average.
With a price-to-rent ratio of 23.0, 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 76.7%, compared to 73.0% in Nevada and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Kent County | Rhode Island | $366,100 | $1,327 |
| Chesterfield County | Virginia | $366,000 | $1,629 |
| Shasta County | California | $366,400 | $1,317 |
| Flagler County | Florida | $364,900 | $1,722 |
| Wasco County | Oregon | $367,400 | $1,008 |
Other Counties in Nevada
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Churchill County | $329,900 | $1,319 | 69.9% |
| Storey County | $426,400 | $1,153 | 96.1% |
| Elko County | $301,400 | $1,164 | 71.4% |
| Clark County | $431,000 | $1,626 | 57.8% |
| Nye County | $290,900 | $1,181 | 77.8% |
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).