The housing market in Bourbonnais, IL is doing well, with a median value of $253,900. This is significantly lower than the US median value of $338,100, but it still registers an impressive 7.34% appreciation over the last year. Although this is slightly lower than the US rate of 8.27%, it suggests that Bourbonnais real estate is becoming more valuable and desirable. Overall, Bourbonnais housing appears to be a solid investment as prices are likely to continue to increase over time.
The median home cost in Bourbonnais is $253,900. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Bourbonnais is up 15.4%.
Average Age of Homes
- The median age of Bourbonnais real estate is 37 years old
The Rental Market in Bourbonnais
- Renters make up 31.6% of the Bourbonnais population
- 1.3% of houses and apartments in Bourbonnais, 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.