Is Lyon Charter Township, MI growing?
Lyon Charter Township, MI had an estimated 24,933 (±31) residents in 2020–2024, against 19,744 in 2015–2019.
That is a change of +26.3%, a measurable increase.
Its housing went from 7,267 to 8,797 homes (+21.1%), a measurable increase.
6.3% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 24,933 (±31)
- Amount of change
- +26.3%
- Homes change
- +21.1%
- Built 2020 or later
- 6.3%
Residents and homes in Lyon Charter Township, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 19,744 (±30) | 24,933 (±31) | +26.3% | Measurable increase |
| Housing units | 7,267 (±206) | 8,797 (±332) | +21.1% | Measurable increase |
| Households that rent | 14.8% (±2.0 points) | 11.4% (±2.3 points) | −3.4 percentage points | Measurable decrease |
| Median gross rent | $1,207 (±$144) | $1,726 (±$341) | +43.0% | No measurable change after inflation |
| Median home value | $346,100 (±$8,164) | $473,300 (±$19,828) | +36.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Growth in Lyon Charter Township against Oakland County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Lyon Charter Township | +26.3% | Measurable increase | +21.1% |
| Oakland County | +2.1% | Measurable increase | +4.0% |
| Michigan | +1.1% | Measurable increase | +0.6% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Lyon Charter Township
| Year built | Lyon Charter Township | Oakland County | Michigan | United States |
|---|---|---|---|---|
| 2020 or later | 6.3% (±2.1 points) | 1.1% | 1.0% | 2.0% |
| 2010 to 2019 | 32.7% (±3.7 points) | 5.6% | 4.9% | 9.4% |
| 2000 to 2009 | 15.0% (±2.8 points) | 9.3% | 10.3% | 13.6% |
39.0% of the homes in Lyon Charter Township were built in 2010 or later.
The median age of residents is 38.0 years.
Growth in places near Lyon Charter Township
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Lyon Charter Township | — | 24,933 | +26.3% | Measurable increase |
| South Lyon | 3.0 mi | 11,950 | +1.4% | Measurable increase |
| Wixom | 4.6 mi | 17,295 | +24.4% | Measurable increase |
| Milford Charter Township | 5.8 mi | 17,129 | +2.2% | Measurable increase |
| Novi | 5.9 mi | 66,717 | +11.2% | Measurable increase |
| Novi Township | 6.4 mi | 291 | +84.2% | Measurable increase |
| Salem Township (Washtenaw County) | 6.5 mi | 6,932 | +11.9% | Measurable increase |
| Green Oak Township | 6.5 mi | 19,777 | +5.2% | Measurable increase |
| Northville | 6.7 mi | 6,069 | +1.0% | Not a measurable change |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lyon Charter Township
Is Lyon Charter Township growing?
Lyon Charter Township, MI had an estimated 24,933 residents in 2020–2024 and 19,744 in 2015–2019, a change of +26.3%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Lyon Charter Township?
The estimated number of housing units went from 7,267 in 2015–2019 to 8,797 in 2020–2024 (+21.1%), a measurable increase.
How much new construction is there in Lyon Charter Township?
6.3% of homes in Lyon Charter Township were built in 2020 or later and 32.7% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lyon charter township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lyon charter township, Oakland County, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lyon charter township, Oakland County, Michigan
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Lyon charter township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lyon charter township, Oakland County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lyon charter township, Oakland County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lyon charter township, Oakland County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lyon charter township, Oakland County, Michigan (county subdivision:49820, in state:26 county:125).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Fair Market Rent in Lyon Charter Township
- Michigan landlord and tenant rules
- Housing across Oakland County
- Housing data for every place in Michigan