Median home value is about $392,300 — about 13% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,076 (about 7% below the U.S. median rent ($1,163)), and owner-occupancy near 91.4% (about 26.0 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 48178 in South Lyon, MI, a household would need roughly $108,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,520. That sits below the local median household income ($130,781), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.