The typical owner-occupied home in Byron is worth about $253,200, 17% below the Georgia median of $303,300 and 24% below the national median of $332,700. Owners pay a median $2,721 a year in property taxes, about 1.07% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $85,596 a year, so the median home costs 3.0 times the median income (3.9 times for Georgia). 91% of occupied homes here are lived in by their owners, and 84% of those owners still have a mortgage.
Byron at a glance
| Byron | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $253,200 | $303,300 | $332,700 |
| Median property tax paid per year | $2,721 | $2,341 | $3,119 |
| Property tax as a share of value | 1.07% | 0.77% | 0.94% |
| Median household income | $85,596 | $77,353 | $80,734 |
| Homes lived in by their owners | 91% | 66% | 65% |
| Owner homes with a mortgage | 84% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,625 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 23.0% | 20.0% | 21.0% |
| Median rent | $1,020 | $1,393 | $1,413 |
| Rent as a share of renters' income | 23.8% | 31.3% | 30.6% |
| Median year homes were built | 2006 | 1992 | 1980 |
| Vacant homes | 2.2% | 10.3% | 10.1% |
| Population | 5,971 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Byron
At this week's average 30-year rate of 7.11%, buying the median Byron home of $253,200 with 20% down costs about $1,694 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,116, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $72,596 for the 20%-down payment. That payment is 24% of the median Byron household income of $85,596; at that income and 20% down, the 28% guideline points to a home of about $299,000.
The median rent here is $1,020 a month, so owning the median home costs about $674 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,640 |
|---|---|
| Loan amount | $202,560 |
| Principal and interest | $1,363 |
| Property taxes (1.07% a year) | $226 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| PMI | $0 |
| Total per month | $1,694 |
Change the numbers in the calculator
| Down payment | $8,862 |
|---|---|
| Loan amount | $248,614 |
| Principal and interest | $1,672 |
| Property taxes (1.07% a year) | $226 |
| Homeowners insurance (our estimate, 0.5% a year) | $106 |
| FHA mortgage insurance | $112 |
| Total per month | $2,116 |
Change the numbers in the calculator
Questions about home buying in Byron
What is the median home value in Byron?
About $253,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Byron?
Homeowners pay a median $2,721 a year, which is about 1.07% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Byron?
For the median home with 20% down at 7.11%, the payment is about $1,694 a month. Keeping that under 28% of gross income takes about $72,596 a year.
More about Byron
- Mortgage Refinance in Byron
- Debt Relief in Byron
- Home Equity Loans in Byron
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data