Is Byron, IL a good place to invest in rental property?

Byron, IL has a median modeled monthly cash flow of $-771 and a median cap rate of 3.5%, on a median sold price of $265,000. Prices changed -2.3% year over year.

What is the average cap rate in Byron, IL?

The median cap rate across recently sold homes in Byron, IL is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Byron, IL?

The median sold price in Byron, IL is $265,000 (about $130 per square foot).

Investing in Byron, IL Real Estate

A data-driven snapshot of the Byron, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$265,000Median sold price

$130Median $/sqft

3.5%Median cap rate

$-771Modeled cash flow / mo

-2.3%Appreciation YoY

3.0Months of supply

37Active listings

146Sold (last 12 mo)

What the Byron numbers say

In Byron, IL, the median home sold for $265,000 (about $130 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-771 of monthly cash flow. Sold prices moved -2.3% over the past year. Inventory sits at about 3.0 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Byron cash-flowing listings

CashFlowRE ranks every for-sale home in Byron, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Byron deals, or browse the national market data.