Burr Ridge, IL is a desirable location for homeowners due to its high housing median value of $693,500. This is nearly twice the US house median value of $338,100. Furthermore, Burr Ridge has experienced an impressive 1 year house appreciation rate of 9.58%, which surpasses the US average 1 year appreciation rate of 8.27%. These figures suggest that Burr Ridge is a secure and profitable investment for property owners in the area.
The median home cost in Burr Ridge is $693,500. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Burr Ridge is up 14.1%.
Average Age of Homes
- The median age of Burr Ridge real estate is 29 years old
The Rental Market in Burr Ridge
- Renters make up 8.9% of the Burr Ridge population
- 0.5% of houses and apartments in Burr Ridge, 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.