Byron, MI—48418
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Byron, MI
As of Oct '25, the median home price in Byron, MI is $282,000, with a year-over-year change of 0.7%. This indicates that home prices in Byron, MI are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | 0.7% |
| Single Family | $281,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 2.5% |
3 Bed | $293,000 | 3.5% |
4 Bed | $351,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Byron, MI
Byron, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Byron, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Byron, MI is 40. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -6.0% |
Listing Count | 22 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 40 | -19.0% |
Demographics — Byron, MI
As of the latest ACS Survey released in 2023, Byron, MI has a population of 4,540, which has increased by 14.1% over the past 5 years. Byron, MI is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,540 | 14.1% |
% Under 18 | 21.0% | -10.6% |
% Seniors | 18.5% | 20.1% |
% WFH | 10.6% | 292.6% |
% w/ College Degree | 21.8% | 2.3% |
As of the latest ACS Survey released in 2023, Byron, MI is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Byron, MI is hispanic, making up 1.3% of the population. Foreign-born residents account for 1.1% of the population in Byron, MI, and this percentage has decreased by 31.2% 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 | 93.8% | -2.6% |
% Black | 0.1% | ∞% |
% Hispanic | 1.3% | -31.6% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 1.1% | -31.2% |
Mortgage and Risk — Byron, MI
According to HUD data as of 2023, there were 138 mortgage originations in Byron, MI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Byron, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Byron, MI
Byron, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,140 |
| 2 Bedroom | $540 | $900 | $1,440 |
| 3 Bedroom | N/A | N/A | $1,890 |
| 4 Bedroom | N/A | N/A | $2,100 |
Affordability — Byron, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $282,000 |
| Median Household Income | $72,200 |