The typical owner-occupied home in Port Byron is worth about $278,200, 6% above the Illinois median of $263,300 and 16% below the national median of $332,700. Owners pay a median $6,410 a year in property taxes, about 2.30% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $111,667 a year, so the median home costs 2.5 times the median income (3.2 times for Illinois). 84% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Port Byron at a glance
| Port Byron | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $278,200 | $263,300 | $332,700 |
| Median property tax paid per year | $6,410 | $5,298 | $3,119 |
| Property tax as a share of value | 2.30% | 2.01% | 0.94% |
| Median household income | $111,667 | $83,390 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 60% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,057 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 20.6% | 21.0% |
| Median rent | $525 | $1,274 | $1,413 |
| Rent as a share of renters' income | 25.5% | 29.1% | 30.6% |
| Median year homes were built | 1976 | 1971 | 1980 |
| Vacant homes | 2.6% | 7.7% | 10.1% |
| Population | 1,854 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Port Byron
At this week's average 30-year rate of 7.11%, buying the median Port Byron home of $278,200 with 20% down costs about $2,146 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,610, 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 $91,985 for the 20%-down payment. That payment is 23% of the median Port Byron household income of $111,667; at that income and 20% down, the 28% guideline points to a home of about $338,000.
The median rent here is $525 a month, so owning the median home costs about $1,621 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $55,640 |
|---|---|
| Loan amount | $222,560 |
| Principal and interest | $1,497 |
| Property taxes (2.30% a year) | $533 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| PMI | $0 |
| Total per month | $2,146 |
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| Down payment | $9,737 |
|---|---|
| Loan amount | $273,161 |
| Principal and interest | $1,838 |
| Property taxes (2.30% a year) | $533 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| FHA mortgage insurance | $123 |
| Total per month | $2,610 |
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Questions about home buying in Port Byron
What is the median home value in Port Byron?
About $278,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Byron?
Homeowners pay a median $6,410 a year, which is about 2.30% 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 Port Byron?
For the median home with 20% down at 7.11%, the payment is about $2,146 a month. Keeping that under 28% of gross income takes about $91,985 a year.
More about Port Byron
- Mortgage Refinance in Port Byron
- Debt Relief in Port Byron
- Home Equity Loans in Port 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