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Byron village, MI

ZIP 48418 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48418

Median Home Value
$246,500
Median Rent
$941
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,583/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48418 in Byron village, MI, a household would need roughly $68,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,583. That is roughly in line with the local median household income ($72,210). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
93.0%+42% vs US avg
x
Vacancy Rate
6.8%-34% vs US avg
x
Broadband Access
94.6%+9% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
4.7%-63% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
20.0%-60% vs US avg
x
Mortgage-Free
33.3%-13% vs US avg
x
$246,500
Home Value
$941
Rent
1981
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached93.0%
  • 1-unit attached1.0%
  • 2-9 units2.6%
  • 10+ units0.5%
  • Mobile home & other2.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$246,500
Median rent$941
Owner-occupied93.0%
Vacant6.8%
Price-to-income3.4x
Est. income to buy$68,000