South Lyon, MI 48178 - Real Estate Investment Insights & Performance Data

Welcome to our 48178 real estate data hub, tailored for investors in South Lyon, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 48178 in South Lyon, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in OAKLAND COUNTY.

Leverage our comprehensive, zip code-specific data to excel in South Lyon, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the South Lyon property market.

• Location Overview

  • Zip Code: 48178
  • City: South Lyon
  • State: MI
  • Metro Area: Detroit-Warren-Dearborn, MI
  • County Name: OAKLAND COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $435,845
  • Average Home Price (Single Family Homes): $449,189
  • Average Monthly Rental Price (All Types): Not Available
  • Price-to-Rent Ratio: Not Available
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.8%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,300
  • Average 3 Bedroom Section 8 Rental Rates: $1,660
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 27.94
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 21.88
  • Number of Units Offered in Section 8 in the County: 6085
  • Number of Occupied Units in Section 8 in the County: 5730
  • Percentage of Section 8 Units Occupied in the County: 94.19999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 161.89
  • Total % Appreciation since 2000 (Government Data): 55.78
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.11%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.32%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.06%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.28%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 85.43%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.26%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 57%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%