Byron Center, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Byron Center Neighborhoods Since 2000




Byron Center, MI 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 Center Housing Market Information

With a population of 6,332, 2,193 total housing units (homes and apartments), and a median house value of $242,236, Byron Center real estate is some of the most expensive in Michigan, although Byron Center home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Byron Center, accounting for 58.09% of the town's housing units. Other types of housing that are prevalent in Byron Center include row houses and other attached homes ( 25.18%), mobile homes or trailers ( 9.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Byron Center. Owner-occupied housing accounts for 91.77% of Byron Center's homes, and 60.71% have either three or four bedrooms, which is average sized relative to America.

Byron Center homes and real estate are some of the newest in America. 42.50% of Byron Center's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Byron Center real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.37%), and between 1940-1969 ( 11.53%). There's also some housing in Byron Center built before 1939 ( 3.59%).

Byron Center Home Appreciation Rates

Appreciation rates for homes in Byron Center have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.43%, which ranks in the top 30% nationwide. This equates to an annual average Byron Center house appreciation rate of 1.27%.

Appreciation rates are so strong in Byron Center that despite a nationwide downturn in the housing market, Byron Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Byron Center appreciation rates continue to be some of the highest in America, at 8.61%, which is higher than appreciation rates in 89.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Byron Center. Byron Center appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

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

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

Average Home Values

 

Median Home Value:
$242,236

Byron Center, MI HOME PRICES

Value Range
> $1,262,000 0.0
$947,001 - $1,262,000 1.4
$631,001 - $947,000 3.0
$505,001 - $631,000 1.9
$379,001 - $505,000 7.3
$253,001 - $379,000 32.8
$126,001 - $253,000 38.4
$63,001 - $126,000 6.2
$0 - $63,000 8.9

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
23.7138169459745 8.33333333333333

Number Of Homes And Apartments:
2,193

Byron Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
31.72% 1.61% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,427 / per month

Homeownership Rate

Homeownership
Owners 91.77
Renters 8.23
Vacant 7.35

Housing Market Details

 

Age of Homes

AGE OF Byron Center HOMES
2000 or Newer 42.5
1970 - 1999 42.4
1940 - 1969 11.5
1939 or Older 3.6

Types of Homes

TYPE OF Byron Center HOMES
Single-Family 58.1
Townhomes 25.2
Small Apt. Buildings 4.4
Apt. Complexes 2.9
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Byron Center HOMES
No Bedroom 2.49
1 Bedroom 2.15
2 Bedrooms 21.80
3 Bedrooms 40.60
4 Bedrooms 20.11
5 or more bedrooms 12.84

Popular Neighborhoods in Byron Center

Zip Codes in Byron Center, MI