The 22 yr light curve of HR Lyr, acquired with a typical cadence of 2-6 days, is examined for periodic and quasi-periodic variations. No persistent periodicities are revealed. Rather, the light curve variations often take the form of nearly linear rises and falls having typical e-folding times of about 100 days. Occasional ~0.6mag outbursts are also seen, with properties similar to those of small outbursts found in some nova-like cataclysmic variables. When the photometry is formed into yearly averages, a decline of 0.012+/-0.005mag/yr is apparent, consistent with the fading of irradiation-induced Mdot following the nova. The equivalent width of H{alpha} is tabulated at three epochs over the interval 1986-2008 in order to compare with a recent result for DK Lac in which H{alpha} was found to be fading 50 yr after the nova. However, our results for such a fading in HR Lyr are inconclusive.