Cost of Living in Lyon County, Iowa

$802/mo
Median Monthly Rent
$215,600
Median Home Value

At a Glance

Median Monthly Rent
$802/mo
1% below state average
Median Home Value
$215,600
24% below national
Rent-to-Income Ratio
23.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Lyon County Compares

Median monthly rent comparison

Lyon County$802/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$802/mo
Median Gross Rent
$215,600
Median Home Value
$962/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Lyon County ranks #259 of 3,144 counties for affordability (top 8%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Lyon County, Iowa

Lyon's Housing Costs Stay Reasonable

Lyon County renters dedicate 13.2% of their income to rent, below both the national average and Iowa's state average of 14.1%. With median income of $72,881 and median rent of $802, housing remains affordable while maintaining economic viability.

Well Above Average in Affordability

Lyon County's 13.2% rent-to-income ratio ranks among Iowa's more affordable counties, outperforming the state average by nearly a full percentage point. Renters here spend $802 monthly on rent—$10 less than the state average—creating real savings.

Competitive Pricing in the Region

Lyon's median rent of $802 sits right at the state average and is affordable compared to Linn County ($915) and Marion County ($880). However, Lyon carries notably higher home values at $215,600—the second-highest in the region after Madison County.

Balanced Housing-to-Income Ratio

Lyon County households earning $72,881 spend $802 on median rent (13.2% of income) or $962 on mortgages (16% of income). This leaves a reasonable cushion for other living expenses compared to counties where housing consumes over 14% of income.

Lyon: Affordable Rents, Strong Homes

Lyon County appeals to renters seeking below-average costs and potential homebuyers interested in valuable properties at $215k median value. The county balances rural character with economic stability, making it worth considering if you're relocating within Iowa.

Cost of Living Advisory: Lyon County

Affordability Verdict

Lyon County is affordable for renters, with a median gross rent of $802/month representing approximately 13.2% of median household income. The rent burden (GRAPI) stands at 23.0%.

Rent vs. Own

Renters in Lyon County pay $802/month on average, compared to $962/month for homeowners. This market favors renters by about 17%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,080/year. For owner costs at the 28% rule, the required income is roughly $41,229/year. With a median household income of $72,881, most households can comfortably afford rent here. Notably, 23.0% of renter households in Lyon County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Lyon County sits 6% less expensive than Hamilton County ($853/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Lyon County

$

Rent Burden

13.2%

of gross income

Max Housing (28% Rule)

$1,701

per month

Owner Cost Burden

15.8%

of gross income

The median home in Lyon County may be a stretch

Median home value is $215,600. Estimated monthly cost: $1,721 vs. your max of $1,701.

Rent Affordability Guide

Your rent-to-income ratio13.2%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,881Needed: $32,080
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,881Needed: $41,229
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,881Needed: $50,176

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Lyon County, Iowa?
Lyon County, Iowa has a median monthly rent of $802/mo and a median home value of $215,600. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Lyon County?
The median gross rent in Lyon County is $802/mo. This is 1% below state average for Iowa.
Is Lyon County affordable?
Lyon County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lyon County's rent compare to the state average?
Lyon County's median rent of $802/mo is 1% below state average of $812/mo for Iowa.
What is the median home value in Lyon County?
The median home value in Lyon County, Iowa is $215,600. This is 24% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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