Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bannockburn area can be challenging. Home prices in Bannockburn are now at a median cost of $799,807, higher than the Illinois average of $242,002.
The average cost of rent is $1,211/mo in Bannockburn, primarily driven by the current value of real estate in the Bannockburn area. While nearly 60.56% of residents own their homes outright in Bannockburn, 14.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bannockburn is $11,135 per month. Households that rent pay about 10.88% of their income on rent here. Bannockburn's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Riverwoods, IL: less expensive homes
- Deerfield, IL: less expensive homes
- Lincolnshire, IL: less expensive homes
- Lake Forest, IL: higher priced homes
- Highwood, IL: less expensive homes
- Highland Park, IL: less expensive homes
- Mettawa, IL: less expensive homes
- Northbrook, IL: less expensive homes
- Buffalo Grove, IL: less expensive homes
- Wheeling, IL: less expensive homes
Cities with Similar Populations
- Bolinas, CA: higher priced homes
- Encinal, TX: less expensive homes
- Millwood, GA: less expensive homes
- Oloh, MS: less expensive homes
- Dove Creek, CO: less expensive homes
- Dow, IL: less expensive homes
- North Troy, VT: less expensive homes
- Jackson Springs, NC: less expensive homes
- New Deal, TX: less expensive homes
- Hammond Crossroads, SC: less expensive homes
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