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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 $391,156, higher than the Minnesota average of $345,793.
The average cost of rent is $1,253/mo in Byron, primarily driven by the current value of real estate in the Byron area. In Byron, 16.22% of households rent, and 29.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Byron is $10,592 per month. Households that rent pay about 11.83% of their income on rent here. Byron’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Post Town, MN: equally priced homes
- Salem Corners, MN: higher priced homes
- Kasson, MN: less expensive homes
- Mantorville, MN: equally priced homes
- Douglas, MN: equally priced homes
- Rochester, MN: less expensive homes
- Rock Dell, MN: higher priced homes
- Oronoco, MN: higher priced homes
- Wasioja, MN: equally priced homes
- Golden Hill, MN: equally priced homes
Cities with Similar Populations
- St. James, MO: less expensive homes
- Viroqua, WI: less expensive homes
- Violet, LA: less expensive homes
- Burton, SC: less expensive homes
- Caddo Mills, TX: less expensive homes
- University Park, IL: less expensive homes
- Camp Swift, TX: less expensive homes
- Campbell, OH: less expensive homes
- Tylertown, MS: less expensive homes
- Carrollton, OH: less expensive homes
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