Lyon County Homes under $400,000

Welcome to Lyon County, Minnesota, where charming small-town living meets the beauty of the Midwest! Nestled in the heart of southwestern Minnesota, Lyon County is a delightful blend of rural landscapes, vibrant communities, and rich history. With its picturesque parks, serene lakes, and friendly neighborhoods, it’s no wonder that families and individuals alike are drawn to this welcoming area.

One of the standout features of Lyon County is its affordability in real estate. If you’re on the hunt for a home under $400,000, you’re in luck! This county offers a variety of housing options that cater to diverse lifestyles and budgets. From cozy single-family homes to modern townhouses, there’s something for everyone. Imagine settling into a charming property with beautiful views, ample outdoor space, and easy access to local amenities—all without breaking the bank.

Beyond the homes, Lyon County boasts a rich tapestry of activities and attractions. Whether you enjoy hiking in the scenic parks, fishing in the pristine lakes, or exploring local shops and eateries, there’s always something to do. The community spirit is palpable, with numerous events and festivals throughout the year that celebrate the area’s heritage and bring residents together.

With its affordable housing market and vibrant community life, Lyon County is the perfect place to call home. Embrace the opportunity to create lasting memories in this enchanting part of Minnesota, where your dream home awaits!

Newest Lyon County Homes under $400,000

$217,000

3 Beds ⋅ 1 Baths ⋅ 7156187 MLS

Country living on 4 acres just minutes from Balaton! This 3-bedroom, 1-bath acreage offers the space, privacy, outbuildings, and peaceful setting buyers are looking for. Surrounded by a mature grove, the property provides beautiful country views while keeping you conveniently close to town. Inside, you'll find 2,432 total sq. ft. featuring an open floor plan, vaulted ceilings, abundant natural light, main-floor laundry, and updates throughout. Windows throughout the main-floor living spaces bring the beauty of the outdoors in and showcase views of the surrounding acreage and mature trees. The window-lined porch provides an inviting place to relax and enjoy the country setting. The basement can be accessed from inside the home as well as through enclosed exterior stairs. Outside is where this property really sets itself apart. The acreage includes a 1,200 sq. ft. pole shed, 600 sq. ft. barn with two lean-tos measuring 540 and 520 sq. ft., plus additional sheds currently used as a doghouse and chicken coop. Whether you're looking for storage, workshop or hobby space, or simply room to spread out, this property offers plenty of possibilities. If you've been searching for an acreage with outbuildings, a barn, mature trees, privacy, and convenient access to town, 2323 150th St. is one you'll want to see!

2323 150th Street, Balaton

Listing courtesy of Edina Realty, Inc..

$325,000

3 Beds ⋅ 3 Baths ⋅ 7157000 MLS

Welcome to 405 E. Marshall Street! This inviting home offers the ease of one-level living with nearly 1,900 square feet on the main level, featuring 3 bedrooms and 2.5 bathrooms. The main level has been renovated throughout, including an updated kitchen and bathrooms, new flooring, and fresh paint. Recent improvements include kitchen appliances and a furnace in 2024, a water heater in 2025, and fresh exterior paint and updated landscaping in 2025. The unfinished basement offers potential for additional living space, storage, or a hobby area. With thoughtful updates inside and out, this home is ready to welcome you.

405 E Marshall Street, Marshall

Listing courtesy of Wilson O'Brien REALTORS.

$319,900

4 Beds ⋅ 2 Baths ⋅ 7156372 MLS

Beautifully updated and well-maintained home with extensive remodeling done in 2021 on main floor including a new kitchen with cherry cabinetry, stainless steel appliances, vinyl plank flooring , full bath remodel including vanity and tub/shower installed, new woodwork and trim, windows, new lighting, exterior doors replaced along with patio and driveway and vinyl siding and exterior doors including new facia and soffits. More recent improvements include new carpeting in 3 bedrooms on main floor and new roof just replaced in September, The full basement adds even more space and features a rec room, a 4th bedroom and a remodeled bathroom with a new shower and flooring-perfect for guests, hobbies, a home office or additional living space. Fenced in yard including a backyard storage shed

1100 Columbine Drive, Marshall

Listing courtesy of Marshall Area Homes.

$237,500

6 Beds ⋅ 3 Baths ⋅ 7151815 MLS

Enjoy the best of country living with this spacious 6-bedroom, 3-bathroom home situated on 8.7 acres just off a tar road. Surrounded by beautiful mature trees and a well-maintained lawn, this property offers plenty of space, privacy, and room to enjoy the outdoors. Inside, you’ll find an updated kitchen with plenty of space for cooking and entertaining. The inviting living area features a propane fireplace, creating a warm and comfortable gathering space. The primary bedroom offers a private bath and walk-in closet for added comfort and convenience. A new patio door provides easy access to the outdoor space and allows plenty of natural light into the home. The property also includes an attached 2-car garage plus a shed for additional storage. With six bedrooms, three bathrooms, generous living space, and 8.7 acres to enjoy, this is a wonderful opportunity for anyone looking for room to spread out while still being conveniently located just off a tar road. Come take a look and see all this acreage has to offer!

1567 County Road 7, Balaton

Listing courtesy of Full Circle Realty Group.

$190,000

4 Beds ⋅ 2 Baths ⋅ 7155152 MLS

Move-in ready and packed with updates! This charming 2-story home offers 4 bedrooms, 1½ baths, and plenty of space both inside and out. The main floor features a comfortable bedroom, while three additional bedrooms are located upstairs. You’ll love the enclosed front porch with its vaulted ceiling—a perfect spot to relax and enjoy your morning coffee. The home has been thoughtfully updated with numerous improvements, including a remodeled kitchen (2023), bathroom remodel (2022), new shingles on the home and garage (2023), boiler (2024), water heater (2025), plumbing and electrical upgrades (2020–2024), spray foam insulation (2022–2023), radon mitigation system (2020), and concrete improvements (2021). Situated on a double 100' x 165' lot, the property offers an exceptional outdoor setting with extensive landscaping, a spacious back deck, stamped concrete patio, and a hot tub—perfect for relaxing or entertaining. The 20' x 20' detached garage provides excellent space for parking, storage, or hobbies. With its spacious layout, extensive updates, great outdoor spaces, and move-in-ready condition, this home is ready for its next owner!

230 1st Street, Balaton

Listing courtesy of Creative Three, Inc..

$142,500

2 Beds ⋅ 1 Baths ⋅ 7154279 MLS

Welcome home to this accessible and quaint property located in the heart of Minneota. All living amenities are on the main floor, including two bedrooms, one bathroom, laundry, and an open layout between the living room and kitchen. There is a one-stall attached garage with a storage area, plus a detached two-stall garage off the alley with utilties connected for potential heater. You will love how low maintenace this property is with composite decking, updated landscaping, newer roof, and so much more! Call to schedule your showing today!

403 N Madison Street, Minneota

Listing courtesy of Full Circle Realty Group.

$199,000

4 Beds ⋅ 2 Baths ⋅ 7155581 MLS

Step back in time and experience the charm of this beautifully preserved Victorian style home offering 4 Bedrooms, 2 bathroom and an exceptional blend of historic character and modern comfort. Built in the early 1900's, this stunning property showcases exquisite craftsmanship, including original woodwork, a striking Bannister staircase and rich details throughout. The upper-level features 4 spacious bedrooms and a full bathroom, providing plenty of room for family or guests. The main floor features a modern kitchen, formal dining room and a very spacious living room. The modern great room is sure to impress with an open layout, vaulted ceilings, cozy fireplace and an abundance of natural light from large windows. Enjoy your morning coffee or entertain in the evening in the private, well-shaded backyard. A newer composited deck and large Gazebo create the perfect outdoor retreat. The property also includes a second garage offering additional parking and overhead storage-- ideal for hobbies, vehicles or extra space. A rare opportunity to own a timeless Victorian home where history and modern living come together seamlessly.

136 North Street, Tracy

Listing courtesy of Real Estate Retrievers LLC.

$210,000

3 Beds ⋅ 3 Baths ⋅ 7153405 MLS

Lots of main-floor living, natural light, and a great backyard! This beautifully maintained ranch-style home is located near the Tracy Aquatic Center and offers 2,182 sq. ft. on the main floor with 3 bedrooms, 2 bathrooms, multiple living areas, and an attached garage. The private owner’s suite features a full bath with dual sinks. A finished shop area behind the garage adds flexible space for a workshop, hobbies, or bonus room. The unfinished basement houses the laundry and an additional ¾ bath with shower. Quality upgrades include a ProVia Legacy front door, GenStone wainscoting, steel siding, Andersen windows, Gutter Helmet, Hunter Douglas blinds, and comfort-height toilets. Additional updates include re-insulation and shingles in 2010, furnace in 2013, water heater in 2023, and a city-compliant sewer main completed and paid in full in 2026. Outside, a 255 sq. ft. composite deck and cement patio overlook the spacious backyard. All appliances are included. With generous main-floor space, quality updates, and a layout that has been exceptionally well cared for.

207 E Hollett Street, Tracy

Listing courtesy of Edina Realty, Inc..

$289,000

2 Beds ⋅ 2 Baths ⋅ 7153497 MLS

Enjoy comfortable, low-maintenance living in this spacious 2 bedroom condo offering 1,690 sq. ft. of living space. The primary bedroom has an attached bathroom with a walk in closet. The generous layout offers plenty of room to relax and entertain, while the condo association takes care of the lawn and snow removal, making it easy to enjoy a carefree lifestyle. New water heater, new water softener, newer furnace and the garage floor was just redone. Whether you're looking to simplify, downsize, or simply enjoy the convenience of condo living, this well-located Marshall condo is ready to welcome you home!

1106 Devito Street Unit 6, Marshall

Listing courtesy of Marshall Area Homes.

$323,000

3 Beds ⋅ 2 Baths ⋅ 7148822 MLS

Ready for less maintenance without giving up the space you love? This hard-to-find 3-bedroom, 2-bath condo in the Village of On Golden Pond offers comfortable living, a 2-car attached garage, and a peaceful setting with beautiful pond views. Inside, you'll find spacious living & dining areas that flow into the kitchen, offering plenty of cabinet and counter space. The primary suite is thoughtfully separated from the additional bedrooms, providing added privacy, & features a large walk-in closet & recently remodeled ¾ bath with a zero-entry shower. Two additional bedrooms and a full bath offer flexibility for overnight guests, a home office, hobbies, or whatever suits your lifestyle. One of the highlights of the home is the inviting family room, where large windows provide wonderful views of the pond & create a relaxing space to unwind. Step outside to the patio to enjoy your morning coffee, an evening outdoors, or simply take in the beautifully maintained flowers & peaceful surroundings. With the space you want, the convenience of condo living, & a setting you'll love coming home to, this one is worth a look. Take a look, this could be your next home sweet home!

1112 Travis Road, Marshall

Listing courtesy of Edina Realty, Inc..

$199,900

3 Beds ⋅ 2 Baths ⋅ 7150766 MLS

Welcome home to this three-bedroom, two-bathroom property located just a block away from Freedom Park. You will appreciate having three bedrooms all on one level with a full bathroom. The main floor features a living room, kitchen, and dining space with patio doors to the large backyard. The basement includes an additional bathroom and the family room. Outside, enjoy the fresh curb appeal, a fenced-in yard with a storage shed, plus an outdoor dog kennel on the backside of the garage for those furry friends of yours. Call today to set up your showing!

104 W Thomas Avenue, Marshall

Listing courtesy of Full Circle Realty Group.

$39,900

2 Beds ⋅ 1 Baths ⋅ 7150779 MLS

225 Union Street in Tracy offers 2 bedrooms, 1 bathroom, and a detached 2-car garage. Recent improvements include new roofs on both the house and garage in August 2026, fresh paint on the garage, and three new windows.

225 Union Street, Tracy

Listing courtesy of EXIT Realty - Great Plains.

Start Your Search

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.