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The median household income in South Lyon is $73,200, and the median per capita income is $39,016 (in 2019 dollars). 5.6% of South Lyon residents are in poverty. As of 2012, there were 1,106 businesses with over $1,000 of receipts located in South Lyon. The median value of homes in South Lyon is $192,100, and the median gross rent is $1,042.
In June 2017, the company began Redfin Now, a home flipping division. [8] On July 28, 2017, Redfin became a public company via an initial public offering, raising $138 million. [9] In June 2019, Redfin began allowing buyers to submit offers on homes listed by Redfin's selling agents without using a buyer's agent. [10]
The city of South Lyon is located on the west side of the township. Within the township proper there are two unincorporated communities . New Hudson, centered around the junction of Grand River Avenue , Pontiac Trail, and S. Milford Road, just south of exit 155 on I-96 at 42°30′39″N 83°36′56″W / 42.51083°N 83.61556°W ...
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Lyon Town Hall is a former settlement founded in 1902 by hotel owner Charles Lyon. [7] The township would later be named after him when it was established in 1921 from the western section of Gerrish Township .
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As of the census [7] of 2010, there were 789 people, 297 households, and 209 families living in the village. The population density was 646.7 inhabitants per square mile (249.7/km 2).
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