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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,431 people, 2,284 houses or apartments, and a median cost of homes of $468,749, Byron Center real estate is some of the most expensive in Michigan, although Byron Center home values aren't among America's most expensive.
Byron Center is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Byron Center than is found in 98% of the communities in America.
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 Center. Owner-occupied housing accounts for 93.51% of Byron Center's homes, and 69.11% have either three or four bedrooms, which is average sized relative to America.
Byron Center homes and real estate are some of the newest in America. 44.53% of Byron Center's housing was built since 2000, making the town 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 Center real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.87%), and between 1940-1969 ( 10.72%). There's also some housing in Byron Center built before 1939 ( 4.87%).
Appreciation rates for homes in Byron Center have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.01%, which ranks in the top 30% nationwide. This equates to an annual average Byron Center house appreciation rate of 7.65%.
NeighborhoodScout's data show that during the latest twelve months, Byron Center's appreciation rate, at 7.93%, has been at or slightly above the national average. In the latest quarter, Byron Center's appreciation rate has been 3.40%, which annualizes to a rate of 14.32%.
Importantly, this makes Byron Center one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Michigan, our data show that Byron Center's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.
$468,749
for Michigan
for nation
2,284
$2,566 / per month