Quick facts: Byron, NY

Quick Facts

113.7
Cost of Living
above US average
2,369
Population
5.07
Crime Rate per 1000
below US average
$62,200
Median Income
below US average
$49,900
Median House Price
above US average
$2943
Average Rent
above US average
6%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $62,200.

🏠

Income Needed to Buy

βœ“ Affordable
$16k/year
Based on $49,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,200) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $62,200
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Byron, NY

Byron is a quaint town located in Genesee County, New York. Nestled between the larger towns of Batavia and Rochester, it offers a serene rural atmosphere with a close-knit community feel. The town is known for its picturesque landscapes, featuring rolling hills and open fields that reflect the charm of upstate New York's countryside. Byron is predominantly residential, with a population that enjoys small-town living while having easy access to urban amenities. The town features several parks and recreational areas, making it an ideal spot for outdoor enthusiasts. The area's agricultural heritage is evident, with local farms contributing to the community’s character and economy. The town's location provides convenient access to nearby highways, facilitating travel to larger cities for work or entertainment. Additionally, Byron hosts various community events throughout the year, fostering a strong sense of community spirit among its residents. With its peaceful environment and friendly atmosphere, Byron appeals to those seeking a slower pace of life while remaining connected to the broader region.

πŸ” Search & Compare Places

First Location πŸ“