Housing in Byron, IL is more affordable than the US median and has appreciated over the past year. The median housing value in Byron, IL is currently $221,200 and has seen an appreciation rate of 7.18%, which is slightly lower than the national average of 8.27%. Despite the lower appreciation rate, buyers in Byron, IL still stand to benefit from investing in this area as it remains a reasonably priced alternative to other regions in the country.
The median home cost in Byron is $221,200. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Byron is up 14.1%.
Average Age of Homes
- The median age of Byron real estate is 38 years old
The Rental Market in Byron
- Renters make up 27.8% of the Byron population
- 0.0% 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.