Byron, IL 61010 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Byron, IL—61010

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$275,000

9.4% YoY Growth

Household Income

$89,900

17.3% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,400

103.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,300

N/A

3-Bed Rent

$1,400

N/A

Home Price Trends — Byron, IL

As of May '26, the median home price in Byron, IL is $275,000, with a year-over-year change of 9.4%. This indicates that home prices in Byron, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$275,000	9.4%
Single Family	$279,000	8.6%
Condos	$196,000	5.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Byron, IL

As of July '25, Rentcast reports the average rent in Byron, IL is $1,620, with a year-over-year rent change of 103.8%. Per bedroom, the median rent as of July '25 in Byron, IL is 2-bedrooms: $1,300, 3-bedrooms: $1,780. The most common rental property sizes in Byron, IL are 2-bedroom and 1-bedroom, accounting for 39.8% and 28.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,620
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,300	$1,300
3 Bed Rent	$1,400	$1,780
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

28.1%

2 Bedrooms

39.8%

3 Bedrooms

20.5%

4 Bedrooms

5.1%

5+ Bedrooms

6.6%

Property Listings — Byron, IL

As of May '26, Realtor.com reports that the median days on market for a home in Byron, IL is 42. This is a increase of 5.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$252,000	-28.0%
Listing Count	16	115.0%
Listings as % of Homes	0.2%	115.0%
Days on Market	42	5.0%

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Demographics — Byron, IL

As of the latest ACS Survey released in 2023, Byron, IL has a population of 7,490, which has decreased by -4.0% over the past 5 years. Byron, IL is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,490	-4.0%
% Under 18	24.9%	-1.6%
% Seniors	15.1%	18.0%
% WFH	11.2%	143.5%
% w/ College Degree	34.4%	20.7%

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As of the latest ACS Survey released in 2023, Byron, IL is a predominantly white area, with 86.6% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Byron, IL is hispanic, making up 9.3% of the population. Foreign-born residents account for 4.4% of the population in Byron, IL, and this percentage has increased by 214.3% 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	86.6%	-5.1%
% Black	0.1%	-83.3%
% Hispanic	9.3%	86.0%
% Asian	0.5%	-37.5%
% Foreign Born	4.4%	214.3%

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Mortgage and Risk — Byron, IL

According to HUD data as of 2023, there were 147 mortgage originations in Byron, IL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Byron, IL. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	147
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Byron, IL

Byron, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	55
Total Units Section 8	55
% Rentals under Section 8	N/A
% Occupied Section 8	98.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$850
2 Bedroom	-$190	$1,300	$1,110
3 Bedroom	-$10	$1,400	$1,390
4 Bedroom	N/A	N/A	$1,560

Byron, IL—61010

Key Metrics at a Glance

Home Price Trends — Byron, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Byron, IL

% of Rental Stock

Property Listings — Byron, IL

Demographics — Byron, IL

Race and Ethnicity

Mortgage and Risk — Byron, IL

Mortgages

Rentals and Section 8 — Byron, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Byron, IL

Home Price to Income Ratio

Byron, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Stillman Valley, IL

Lightsville, IL

Winnebago, IL

Rockford, IL

Oregon, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$275,000
Median Household Income	$89,900

Byron, IL—61010

Key Metrics at a Glance

Home Price Trends — Byron, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Byron, IL

% of Rental Stock

Property Listings — Byron, IL

Demographics — Byron, IL

Race and Ethnicity

Mortgage and Risk — Byron, IL

Mortgages

Rentals and Section 8 — Byron, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Byron, IL

Home Price to Income Ratio

Byron, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Stillman Valley, IL

Lightsville, IL

Winnebago, IL

Rockford, IL

Oregon, IL

Frequently Asked Questions

What is the average home price in Byron, IL 61010?

How have home prices in Byron, IL 61010 changed over the past year?

What is the home price projection for Byron, IL 61010?

What are the demographics of Byron, IL 61010?

How long does it take homes to sell in Byron, IL 61010?

What is the average rent price in Byron, IL 61010?