Median price for residential apartments in Byron, MN as of Oct, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
55 Byron, MN 55920, USA apartments for sale
Byron
According to statistics, the population in Byron, MN amounts to 5,272, which shows growth 2% compared to the previous year. The median age of the city’s residents is 33. The average household income is $90,486, shifting growth 10% from the past year, and the average property value in Byron, MN growth 2% to $183,000 throughout the year.
| Population | 5,272 |
| Median Age | 33.2 |
| Poverty Rate | 4% |
| Household Income | $90,486 |
| Number Of Employees | 2,894 |
| Median Property Value | $183,000 |
Household Income
The average household income in Byron, MN grew from $82,109 to $90,486 in the past year. This data is an estimate based upon 1,827 households in Byron, MN . The chart below presents how household income is distributed in Byron, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Byron, MN shifted from $179,300 to $183,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Byron, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Byron, MN properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Byron, MN compared to median property taxes around the country. The prevalent amount of property taxes in Byron, MN equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in Byron, MN 55920, USA
Average apartment sale in Byron: $348,973 (+23.5%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $185,977 | +2.6% |
| 2-bed apartments | $304,900 | +9.2% |
| 3-bed apartments | $371,600 | +20% |
| 4+ bed apartments | $504,458 | +23.7% |
During Oct 2022, the average price for an apartment in/near Byron, MN increased by 23.5% to $348,973.
Asking price for 2-bed apartment also increased by 9.2% and a place of this size will now cost you $304,900. A 3-bed apartment goes for $371,600, it increased by 20% lately. We discerned the rise of 4- and more bed apartment price. It increased by 23.7% and made it up to $504,458.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Houses for sale | $490,195 | +33.8% |
| Condos for sale | $486,933 | +49.5% |
| Townhouses for sale | $267,400 | +8.1% |
| Land for sale | $185,977 | +2.6% |
Price reports demonstrate that house price increased by 33.8% this month making it up to $490,195. Condos are really in demand in this season. The median price for a condo increased by 49.5%, it’s now available for $486,933. The property value of townhouses increased by 8.1%, you’ll have to spend around $267,400 to get one.