Byron, MN 55920 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Byron, MN—55920

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$388,000

3.0% YoY Growth

Household Income

$126,000

39.6% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,780

13.7% YoY Growth

1-Bed Rent

$1,400

N/A

2-Bed Rent

$1,240

34.3% YoY Growth

3-Bed Rent

$3,750

N/A

Home Price Trends — Byron, MN

As of Dec '25, the median home price in Byron, MN is $388,000, with a year-over-year change of 3.0%. This indicates that home prices in Byron, MN are increasing. 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	$388,000	3.0%
Single Family	$389,000	3.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Byron, MN

As of July '25, Rentcast reports the average rent in Byron, MN is $2,460, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Byron, MN is 1-bedrooms: $1,400, 2-bedrooms: $1,510, 3-bedrooms: $3,850, 4-bedrooms: $2,650. The most common rental property sizes in Byron, MN are 2-bedroom and 4-bedroom, accounting for 47.8% and 20.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,780	$2,460
Studio Rent	N/A	N/A
1 Bed Rent	$1,400	$1,400
2 Bed Rent	$1,240	$1,510
3 Bed Rent	$3,750	$3,850
4 Bed Rent	$2,650	$2,650

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% of Rental Stock

1 Bedroom

18.6%

2 Bedrooms

47.8%

3 Bedrooms

11.3%

4 Bedrooms

20.3%

5+ Bedrooms

1.9%

Property Listings — Byron, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Byron, MN is 68. This is a increase of 26.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$548,000	11.0%
Listing Count	40	-12.0%
Listings as % of Homes	1.3%	-12.0%
Days on Market	85	12.0%

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Demographics — Byron, MN

As of the latest ACS Survey released in 2023, Byron, MN has a population of 8,750, which has increased by 12.0% over the past 5 years. Byron, MN is a popular place for families, as children make up 29.9% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,750	12.0%
% Under 18	29.9%	-0.7%
% Seniors	14.5%	19.8%
% WFH	19.5%	375.6%
% w/ College Degree	47.8%	14.4%

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As of the latest ACS Survey released in 2023, Byron, MN is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Byron, MN is hispanic, making up 3.4% of the population. Foreign-born residents account for 2.4% of the population in Byron, MN, and this percentage has decreased by 11.1% 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	90.0%	-6.2%
% Black	1.4%	600.0%
% Hispanic	3.4%	112.5%
% Asian	2.1%	31.2%
% Foreign Born	2.4%	-11.1%

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Mortgage and Risk — Byron, MN

According to HUD data as of 2023, there were 238 mortgage originations in Byron, MN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Byron, MN. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	238
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Byron, MN

As of 2024, the percent of homes in Byron, MN under the Section 8 program is 1.0%. 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. In Byron, MN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	8
Total Units Section 8	8
% Rentals under Section 8	1.0%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$390	$1,400	$1,010
2 Bedroom	-$10	$1,240	$1,230
3 Bedroom	-$2,030	$3,750	$1,720
4 Bedroom	-$580	$2,650	$2,070

Byron, MN—55920

Key Metrics at a Glance

Home Price Trends — Byron, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Byron, MN

% of Rental Stock

Property Listings — Byron, MN

Demographics — Byron, MN

Race and Ethnicity

Mortgage and Risk — Byron, MN

Mortgages

Rentals and Section 8 — Byron, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Byron, MN

Home Price to Income Ratio

Byron, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Rochester, MN

Kasson, MN

Rochester, MN

Mantorville, MN

Oronoco, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$388,000
Median Household Income	$126,000

Byron, MN—55920

Key Metrics at a Glance

Home Price Trends — Byron, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Byron, MN

% of Rental Stock

Property Listings — Byron, MN

Demographics — Byron, MN

Race and Ethnicity

Mortgage and Risk — Byron, MN

Mortgages

Rentals and Section 8 — Byron, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Byron, MN

Home Price to Income Ratio

Byron, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Rochester, MN

Kasson, MN

Rochester, MN

Mantorville, MN

Oronoco, MN

Frequently Asked Questions

What is the average home price in Byron, MN 55920?

How have home prices in Byron, MN 55920 changed over the past year?

What is the home price projection for Byron, MN 55920?

What are the demographics of Byron, MN 55920?

How long does it take homes to sell in Byron, MN 55920?

What is the average rent price in Byron, MN 55920?