Market Overview
Home Prices in Byron, IL
The median home value in Byron, IL is $278,349 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.4% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Byron are priced32% below average. Byron is part of the Rochelle, IL metro area.
Over the past five years, Byron home values have risen by approximately36.5%, reflecting strong long-term appreciation in this market.
Price History
Byron Home Price Trend
2020
$182,714
$183K
—
2021
$203,900
$204K
+11.6%
2022
$232,280
$232K
+13.9%
2023
$237,396
$237K
+2.2%
2024
$245,279
$245K
+3.3%
2025
$256,884
$257K
+4.7%
2026
$278,349
$278K
+8.4%
City Comparison
Byron vs. National Median
🏠 Byron
$278,349
National Median
$410,000
At $278,349, homes in Byron cost 32% below the national median of $410,000. This makes Byron a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Byron?
20% Down Payment
$55,670
on $278,349
Monthly P&I
$1,452/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,844/mo
incl. taxes & insurance
Income Needed
$73,760
gross annual (30% rule)
10% Down Option
$27,835
+ PMI applies
Loan Amount (20% dn)
$222,679
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Byron, IL?
The median home value in Byron is $278,349 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.4% year-over-year.
How much have home prices changed in Byron?
Over the past year, home values in Byron have increased by 8.4%. Over five years, prices have risen approximately 36.5%.
How much do I need to earn to buy a home in Byron?
To comfortably afford the median home price of $278,349 with a 20% down payment ($55,670) at today's rates (6.8%), you'd need a gross annual income of approximately $73,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Byron compare to the national average home price?
The national median home value is approximately $410,000. At $278,349, homes in Byron are 32% below the national average.
What metro area is Byron part of?
Byron is part of the Rochelle, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.