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Byron

Learn about the people, housing, costs and businesses in Byron, Minnesota

Median Home$352,569
Median Rent$1,193/month
Population6,679
Leading IndustriesPublic Administration · Transportation · Professional Services51% public administration
Home Value Growth+7.6% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners84% of occupied units
NotableHigh Incomes$123k/year · top 8% nationally
NotableHighly Educated25% bachelor's · 14% graduate · top 18% nationally
Byron
MN

Frequently Asked Questions

What are today's mortgage rates in Byron?

As of today, the 30-year fixed mortgage rate for Byron is approximately 6.924% (6.961% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Byron?

The median home value in Byron is $353k. The median monthly rent is $1,193. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Byron?

Home values in Byron have increased 7.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Byron?

Based on a typical all-in ownership cost of $1,530/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Byron is $123k/year.

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What industries drive the economy in Byron?

The largest employment sectors in Byron are public administration (51%) and healthcare (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.