The housing market in Byron, MI is quite strong, with the median value of homes currently at $249,900. Compared to the US housing median value of $338,100, it is slightly lower. However, the US 1 year House Appreciation rate is 8.27%, while the 1 year House Appreciation in Byron is 6.41%. This indicates that the housing market in Byron is still seeing steady growth over time, and can be a great option for those looking for affordable property options with an appreciation potential.
The median home cost in Byron is $249,900. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Byron is up 12.8%.
Average Age of Homes
- The median age of Byron real estate is 55 years old
The Rental Market in Byron
- Renters make up 21.7% of the Byron population
- 3.9% of houses and apartments in Byron, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.