Byron, GA—31008
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Byron, GA
As of Oct '25, the median home price in Byron, GA is $259,000, with a year-over-year change of 2.5%. This indicates that home prices in Byron, GA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 2.5% |
| Single Family | $259,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | 0.6% |
3 Bed | $243,000 | 2.5% |
4 Bed | $305,000 | 2.7% |
| 5 Bed | $338,000 | 0.6% |
% of Housing Stock
Rental Trends — Byron, GA
As of July '25, Rentcast reports the average rent in Byron, GA is $1,690, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Byron, GA is studios: $500, 1-bedrooms: $1,300, 2-bedrooms: $1,160, 3-bedrooms: $1,610, 4-bedrooms: $2,110. The most common rental property sizes in Byron, GA are 3-bedroom and 2-bedroom, accounting for 42.2% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,690 |
| Studio Rent | $500 | $500 |
| 1 Bed Rent | $1,280 | $1,300 |
| 2 Bed Rent | $995 | $1,160 |
| 3 Bed Rent | $1,650 | $1,610 |
| 4 Bed Rent | $2,100 | $2,110 |
% of Rental Stock
Property Listings — Byron, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Byron, GA is 75. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | 3.0% |
Listing Count | 108 | 23.0% |
| Listings as % of Homes | 1.1% | 23.0% |
Days on Market | 75 | 28.0% |
Demographics — Byron, GA
As of the latest ACS Survey released in 2023, Byron, GA has a population of 20,900, which has increased by 13.6% over the past 5 years. Byron, GA is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,900 | 13.6% |
% Under 18 | 23.8% | 3.5% |
% Seniors | 14.7% | -3.3% |
% WFH | 14.2% | 576.2% |
% w/ College Degree | 22.7% | 23.4% |
As of the latest ACS Survey released in 2023, Byron, GA is a predominantly white area, with 61.5% of the population identifying as white. The white population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Byron, GA is black, making up 28.2% of the population. Foreign-born residents account for 2.1% of the population in Byron, GA, and this percentage has decreased by 27.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.5% | -14.8% |
% Black | 28.2% | 24.8% |
% Hispanic | 6.2% | 138.5% |
% Asian | 0.5% | -54.5% |
% Foreign Born | 2.1% | -27.6% |
Mortgage and Risk — Byron, GA
According to HUD data as of 2023, there were 540 mortgage originations in Byron, GA, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Byron, GA. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 540 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Byron, GA
As of 2024, the percent of homes in Byron, GA under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Byron, GA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,280 | $1,210 |
| 2 Bedroom | $355 | $995 | $1,350 |
| 3 Bedroom | $60 | $1,650 | $1,710 |
| 4 Bedroom | -$230 | $2,100 | $1,870 |
Affordability — Byron, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $259,000 |
| Median Household Income | $82,900 |