The Seaboard Airline Railway founded Lilburn in 1890. Its name remembers the general superintendent of the railroad, Lilburn Trigg Myers. With the support of the railroad, the town prospered and later incorporated on July 27, 1910.
In the 1920s, a devastating fire and the country's hard economic times ended the prosperity, and the city ceased to exist. Today, however, a revitalization of the original historic area has emerged. The Old Town district, sometimes called a "slice of history", offers shopping and restaurants.
Lilburn also sees its share of festivals. In October, residents celebrate Lilburn Daze, an arts and crafts festival promoted by the Women's Club, and on the second Saturday in December, the community comes out for the annual Christmas Parade.