Byron, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Byron Housing Market Information

With a population of 549, 1,333 total housing units (homes and apartments), and a median house value of $182,284, 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 97.34% of the village's housing units.

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. Owner-occupied housing accounts for 89.91% of Byron's homes, and 81.83% have either three or four bedrooms, which is average sized relative to America.

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 before 1939 ( 17.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.54%). There's also some housing in Byron built between 1940-1969 ( 16.47%).

Byron Home Appreciation Rates

Appreciation rates for homes in Byron have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.26%, which ranks in the top 30% nationwide. This equates to an annual average Byron house appreciation rate of 3.80%.

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 3.63%, 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 1.07%, which equates to an annual appreciation rate of 4.35%.

Relative to Michigan, our data show that Byron's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

 
info

Median Home Value:
$182,284

Byron, MI HOME PRICES

> $1,259,000
0.6%
0.6%
$944,001 - $1,259,000
0.0%
0.0%
$629,001 - $944,000
0.1%
0.1%
$503,001 - $629,000
2.0%
2.0%
$378,001 - $503,000
2.7%
2.7%
$252,001 - $378,000
11.9%
11.9%
$126,001 - $252,000
62.1%
62.1%
$63,001 - $126,000
16.6%
16.6%
$0 - $63,000
4.0%
4.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for MI

Value Relative To Nation

Number Of Homes And Apartments:
1,333

Byron Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
20.27% 0.89%
3
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$954 / per month

Homeownership Rate

Owners
89.9%
89.9%
Renters
10.1%
10.1%
Vacant
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
16.5%
16.5%
1970 - 1999
49.8%
49.8%
1940 - 1969
16.5%
16.5%
1939 or Older
17.2%
17.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
97.3%
97.3%
Townhomes
0.7%
0.7%
Small Apt. Buildings
0.9%
0.9%
Apt. Complexes
0.1%
0.1%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
2.4%
2.4%
2 Bedrooms
10.9%
10.9%
3 Bedrooms
61.3%
61.3%
4 Bedrooms
20.5%
20.5%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES