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Port Byron

Learn about the people, housing, costs and businesses in Port Byron, Illinois

Median Home$272,764
Median Rent$959/month
Population1,742
Leading IndustriesInformation & Media · Arts, Food & Hospitality · Healthcare9% information & media
Home Value Growth⬆⬆+20.5% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners87% of occupied units
NotableHigh Incomes$112k/year · top 11% nationally
NotableVeteran Community10% of residents · top 14% nationally
Port Byron
IL

Frequently Asked Questions

What are today's mortgage rates in Port Byron?

As of today, the 30-year fixed mortgage rate for Port Byron is approximately 6.965% (6.973% 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 Port Byron?

The median home value in Port Byron is $273k. The median monthly rent is $959. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Byron?

Home values in Port Byron have increased 20.5% over the past two years. This indicates a strong appreciation trend. 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 Port Byron?

Based on a typical all-in ownership cost of $1,534/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 Port Byron is $112k/year.

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What industries drive the economy in Port Byron?

The largest employment sectors in Port Byron are public administration (19%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.