Bourbonnais, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bourbonnais Neighborhoods Since 2000




Bourbonnais, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bourbonnais Housing Market Information

With a population of 18,569, 6,130 total housing units (homes and apartments), and a median house value of $174,489, Bourbonnais real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bourbonnais, accounting for 67.88% of the village's housing units. Other types of housing that are prevalent in Bourbonnais include large apartment complexes or high rise apartments ( 15.66%), duplexes, homes converted to apartments or other small apartment buildings ( 9.95%), and a few row houses and other attached homes ( 6.30%).

The most prevalent building size and type in Bourbonnais are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.33% owning and 39.67% renting.

There is a lot of housing in Bourbonnais built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bourbonnais built between 2000 and later ( 19.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.13%). There's also some housing in Bourbonnais built before 1939 ( 2.25%).

Bourbonnais Home Appreciation Rates

Bourbonnais's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bourbonnais during the period has been just -1.36%, which is lower than 80% of US communities.

Over the last year, Bourbonnais appreciation rates have trailed the rest of the nation. In the last twelve months, Bourbonnais's appreciation rate has been -0.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bourbonnais were at -1.84%, which equates to an annual appreciation rate of -7.15%.

Notably, Bourbonnais's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Bourbonnais's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$174,489

Bourbonnais, IL HOME PRICES

Value Range
> $1,024,000 0.3
$768,001 - $1,024,000 0.6
$512,001 - $768,000 0.5
$409,001 - $512,000 1.5
$307,001 - $409,000 3.1
$205,001 - $307,000 22.4
$102,001 - $205,000 53.6
$51,001 - $102,000 9.6
$0 - $51,000 8.4

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
40.0503925934607 31.3924050632911

Number Of Homes And Apartments:
6,130

Bourbonnais Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
16.89% 0.91% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,183 / per month

Homeownership Rate

Homeownership
Owners 60.33
Renters 39.67
Vacant 4.70

Housing Market Details

 

Age of Homes

AGE OF Bourbonnais HOMES
2000 or Newer 19.2
1970 - 1999 60.4
1940 - 1969 18.1
1939 or Older 2.3

Types of Homes

TYPE OF Bourbonnais HOMES
Single-Family 67.9
Townhomes 6.3
Small Apt. Buildings 10.0
Apt. Complexes 15.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Bourbonnais HOMES
No Bedroom 0.40
1 Bedroom 3.34
2 Bedrooms 29.52
3 Bedrooms 45.94
4 Bedrooms 18.24
5 or more bedrooms 2.55