Byron, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Byron Neighborhoods Since 2000




Byron, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Byron Housing Market Information

With 5,105 people, 1,965 houses or apartments, and a median cost of homes of $149,592, Byron real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Byron, accounting for 76.14% of the city's housing units. Other types of housing that are prevalent in Byron include large apartment complexes or high rise apartments ( 10.42%), row houses and other attached homes ( 7.68%), and a few mobile homes or trailers ( 3.36%).

The most prevalent building size and type in Byron are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.44% owning and 37.56% renting.

There is a lot of housing in Byron built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Byron built between 2000 and later ( 38.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.47%). There's also some housing in Byron built before 1939 ( 5.18%).

Byron Home Appreciation Rates

Real estate appreciation rates in Byron's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

Over the last year, Byron appreciation rates have trailed the rest of the nation. In the last twelve months, Byron's appreciation rate has been 0.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Byron were at 4.67%, which equates to an annual appreciation rate of 20.04%.

Importantly, this makes Byron one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Byron's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$149,592

Byron, GA HOME PRICES

Value Range
> $1,054,000 0.0
$791,001 - $1,054,000 0.5
$527,001 - $791,000 0.7
$422,001 - $527,000 0.0
$316,001 - $422,000 5.0
$211,001 - $316,000 11.1
$105,001 - $211,000 60.9
$53,001 - $105,000 9.1
$0 - $53,000 12.6

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
50.1992265322864 32.1353065539112

Number Of Homes And Apartments:
1,965

Byron Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
20.51% 1.09% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,001 / per month

Homeownership Rate

Homeownership
Owners 62.44
Renters 37.56
Vacant 5.66

Housing Market Details

 

Age of Homes

AGE OF Byron HOMES
2000 or Newer 38.5
1970 - 1999 45.8
1940 - 1969 10.5
1939 or Older 5.2

Types of Homes

TYPE OF Byron HOMES
Single-Family 76.1
Townhomes 7.7
Small Apt. Buildings 2.4
Apt. Complexes 10.4
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Byron HOMES
No Bedroom 1.73
1 Bedroom 0.00
2 Bedrooms 21.56
3 Bedrooms 48.25
4 Bedrooms 25.49
5 or more bedrooms 2.98