Byron Center, MI—49315
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Byron Center, MI
As of Oct '25, the median home price in Byron Center, MI is $442,000, with a year-over-year change of 6.4%. This indicates that home prices in Byron Center, MI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | 6.4% |
| Single Family | $493,000 | 6.5% |
| Condos | $345,000 | 6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $309,000 | 3.7% |
3 Bed | $403,000 | 6.1% |
4 Bed | $513,000 | 4.7% |
| 5 Bed | $625,000 | 4.7% |
% of Housing Stock
Rental Trends — Byron Center, MI
As of July '25, Rentcast reports the average rent in Byron Center, MI is $2,630, with a year-over-year rent change of 29.6%. Per bedroom, the median rent as of July '25 in Byron Center, MI is 1-bedrooms: $1,380, 3-bedrooms: $2,330, 4-bedrooms: $3,300. The most common rental property sizes in Byron Center, MI are 2-bedroom and 1-bedroom, accounting for 38.8% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,380 | $1,380 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,300 | $2,330 |
| 4 Bed Rent | $3,300 | $3,300 |
% of Rental Stock
Property Listings — Byron Center, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Byron Center, MI is 51. This is a increase of 19.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $551,000 | 7.0% |
Listing Count | 85 | -14.0% |
| Listings as % of Homes | 0.7% | -14.0% |
Days on Market | 51 | 19.0% |
Demographics — Byron Center, MI
As of the latest ACS Survey released in 2023, Byron Center, MI has a population of 26,100, which has increased by 14.9% over the past 5 years. Byron Center, MI is a popular place for families, as children make up 27.4% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | 14.9% |
% Under 18 | 27.4% | 0.7% |
% Seniors | 17.1% | 2.4% |
% WFH | 12.4% | 195.2% |
% w/ College Degree | 45.5% | 28.9% |
As of the latest ACS Survey released in 2023, Byron Center, MI is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Byron Center, MI is hispanic, making up 4.1% of the population. Foreign-born residents account for 4.6% of the population in Byron Center, MI, and this percentage has increased by 4.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | -0.3% |
% Black | 0.5% | -64.3% |
% Hispanic | 4.1% | 2.5% |
% Asian | 2.5% | -10.7% |
% Foreign Born | 4.6% | 4.5% |
Mortgage and Risk — Byron Center, MI
According to HUD data as of 2023, there were 589 mortgage originations in Byron Center, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Byron Center, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 589 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Byron Center, MI
Byron Center, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,380 | $1,330 |
| 2 Bedroom | N/A | N/A | $1,590 |
| 3 Bedroom | -$220 | $2,300 | $2,080 |
| 4 Bedroom | -$1,030 | $3,300 | $2,270 |
Affordability — Byron Center, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $442,000 |
| Median Household Income | $111,000 |