Housing in Bannockburn, IL is quite expensive with a median value of $991,600 compared to the US median house value at only $338,100. Over the past year, the US housing market has experienced a 8.27% appreciation rate while homes in Bannockburn have appreciated even more with an 8.83% increase. This suggests that Bannockburn is a desirable place to live and invest in real estate, as evidenced by higher appreciation rates than the national average.
The median home cost in Bannockburn is $991,600. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Bannockburn is up 14.5%.
Average Age of Homes
- The median age of Bannockburn real estate is 46 years old
The Rental Market in Bannockburn
- Renters make up 27.2% of the Bannockburn population
- 0.0% of houses and apartments in Bannockburn, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.