Zip 48418 (Byron, MI) Housing

The housing market in 48418 Byron, MI is slightly lower than the national average. The median value of housing in 48418 Byron, MI is $231,000, compared to the US median value of $338,100. Over the last year, home appreciation in 48418 Byron, MI has been 6.41%, while the national rate of appreciation has been 8.27%. Despite the lower median value and slower growth rate compared to the US as a whole, homes in this area are still desirable due to other factors like low crime rates and quality schools.

The median home cost in Byron (zip 48418) is $231,000. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Byron (zip 48418) is up 12.8%.

Average Age of Homes

- The median age of Byron (zip 48418) real estate is 38 years old

The Rental Market in Byron (zip 48418)

- Renters make up 14.2% of the Byron (zip 48418) population
- 0.6% of houses and apartments in Byron (zip 48418), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Byron, Michigan	United States
	1,649.0	139,647,020.0
	43	42
	$231,000	$338,100
	12.8%	16.6%
	53.0%	57.0%
	118.0%	101.1%
	$13.81	$10.98
	$2,052	$2,690
	89.4%	57.4%
	5.6%	11.2%
	5.0%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	2.0%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	2.2%	2.4%
	1.6%	2.8%
	1.2%	3.9%
	4.6%	4.5%
	17.8%	11.3%
	22.4%	13.0%
	35.9%	20.1%
	6.7%	13.6%
	3.0%	8.3%
	3.5%	9.7%
	0.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	24.3%	13.6%
	24.3%	13.6%
	15.2%	13.6%
	5.0%	13.2%
	21.2%	14.8%
	15.2%	13.6%
	3.9%	10.0%
	5.2%	4.7%
	17.6%	12.2%

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