Market Overview
Home Prices in Lyle, MN
The median home value in Lyle, MN is $188,892 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lyle are priced54% below average. Lyle is part of the Austin, MN metro area.
Over the past five years, Lyle home values have risen by approximately36.4%, reflecting strong long-term appreciation in this market.
Price History
Lyle Home Price Trend
2020
$117,394
$117K
—
2021
$138,453
$138K
+17.9%
2022
$157,410
$157K
+13.7%
2023
$155,001
$155K
-1.5%
2024
$167,851
$168K
+8.3%
2025
$177,910
$178K
+6.0%
2026
$188,892
$189K
+6.2%
City Comparison
Lyle vs. National Median
🏠 Lyle
$188,892
National Median
$410,000
At $188,892, homes in Lyle cost 54% below the national median of $410,000. This makes Lyle a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lyle?
20% Down Payment
$37,778
on $188,892
Monthly P&I
$985/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,251/mo
incl. taxes & insurance
Income Needed
$50,040
gross annual (30% rule)
10% Down Option
$18,889
+ PMI applies
Loan Amount (20% dn)
$151,114
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lyle, MN?
The median home value in Lyle is $188,892 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Lyle?
Over the past year, home values in Lyle have increased by 6.2%. Over five years, prices have risen approximately 36.4%.
How much do I need to earn to buy a home in Lyle?
To comfortably afford the median home price of $188,892 with a 20% down payment ($37,778) at today's rates (6.8%), you'd need a gross annual income of approximately $50,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Lyle compare to the national average home price?
The national median home value is approximately $410,000. At $188,892, homes in Lyle are 54% below the national average.
What metro area is Lyle part of?
Lyle is part of the Austin, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.