Burnham, IL is an area with a quite affordable housing market when compared to the rest of the United States. The median value of all houses in Burnham is $137,100 which is significantly lower than the US median of $338,100. In the past year, house values have appreciated in Burnham by 6.13%, slightly lower than the 8.27% appreciation seen nationwide. This means that buying a house in Burnham could be a good investment and an affordable option for those looking to settle down in a nice community.
The median home cost in Burnham is $137,100. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Burnham is up 10.1%.
Average Age of Homes
- The median age of Burnham real estate is 50 years old
The Rental Market in Burnham
- Renters make up 35.8% of the Burnham population
- 0.9% of houses and apartments in Burnham, 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.