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Affordable
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These days, finding an affordable place to live in the Byron area can be challenging. Home prices in Byron are now at a median cost of $259,184, higher than the Michigan average of $250,415.
The average cost of rent is $1,324/mo in Byron, primarily driven by the current value of real estate in the Byron area. In Byron, 5.39% of households rent, and 32.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Byron is $7,530 per month. Households that rent pay about 17.59% of their income on rent here. Byron’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Salem, MI: equally priced homes
- Cohoctah, MI: higher priced homes
- Gaines, MI: equally priced homes
- Bancroft, MI: less expensive homes
- Durand, MI: less expensive homes
- Deerfield Center, MI: higher priced homes
- Linden, MI: higher priced homes
- Vernon, MI: less expensive homes
- Morrice, MI: less expensive homes
- Shiawasseetown, MI: equally priced homes
Cities with Similar Populations
- West Wareham, MA: higher priced homes
- Washoe Valley, NV: higher priced homes
- Tohatchi, NM: less expensive homes
- Wheatland, CA: higher priced homes
- Wirtz, VA: higher priced homes
- Wiscasset, ME: higher priced homes
- Wolverine Lake, MI: higher priced homes
- Wood Village, OR: equally priced homes
- Vieques, PR: less expensive homes
- Worden, IL: less expensive homes
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