Byron, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Byron, GA Housing Market Trends

With 5,226 people, 2,198 houses or apartments, and a median cost of homes of $188,918, Byron real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Byron, accounting for 73.21% of the city's housing units. Other types of housing that are prevalent in Byron include duplexes, homes converted to apartments or other small apartment buildings ( 19.90%), large apartment complexes or high rise apartments ( 3.40%), and a few row houses and other attached homes ( 1.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Byron. Owner-occupied housing accounts for 66.11% of Byron's homes, and 64.49% have either three or four bedrooms, which is average sized relative to America.

Byron homes and real estate are some of the newest in America. 50.09% of Byron's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Byron real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.84%), and between 1940-1969 ( 16.80%). There's also some housing in Byron built before 1939 ( 5.28%).

Byron Home Appreciation Rates

Real estate appreciation rates in Byron's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.30% during the period.

Over the last year, Byron appreciation rates have trailed the rest of the nation. In the last twelve months, Byron's appreciation rate has been 6.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Byron were at 3.19%, which equates to an annual appreciation rate of 13.37%.

Relative to Georgia, our data show that Byron's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$188,918

Byron, GA HOME PRICES

> $1,218,000
0.0%
0.0%
$914,001 - $1,218,000
0.0%
0.0%
$609,001 - $914,000
0.9%
0.9%
$487,001 - $609,000
1.2%
1.2%
$366,001 - $487,000
2.9%
2.9%
$243,001 - $366,000
19.4%
19.4%
$122,001 - $243,000
48.8%
48.8%
$61,001 - $122,000
11.8%
11.8%
$0 - $61,000
15.0%
15.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for GA

Value Relative To Nation

Number Of Homes And Apartments:
2,198

Byron Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
47.52% 1.82%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Owners
66.1%
66.1%
Renters
33.9%
33.9%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
50.1%
50.1%
1970 - 1999
27.8%
27.8%
1940 - 1969
16.8%
16.8%
1939 or Older
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.2%
73.2%
Townhomes
1.8%
1.8%
Small Apt. Buildings
19.9%
19.9%
Apt. Complexes
3.4%
3.4%
Mobile Homes
1.7%
1.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.0%
3.0%
1 Bedroom
2.9%
2.9%
2 Bedrooms
24.0%
24.0%
3 Bedrooms
48.9%
48.9%
4 Bedrooms
15.6%
15.6%
5 or more bedrooms
5.6%
5.6%
0.0% 100.0%
% OF HOMES