The Most Affordable Neighborhoods in Bourbonnais, IL by Home Value

 

Bourbonnais, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bourbonnais area can be challenging. Home prices in Bourbonnais are now at a median cost of $182,377, lower than the Illinois average of $242,002.

The average cost of rent is $1,109/mo in Bourbonnais, primarily driven by the current value of real estate in the Bourbonnais area. While nearly 30.22% of residents own their homes outright in Bourbonnais, 27.78% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bourbonnais is $6,719 per month. Households that rent pay about 16.51% of their income on rent here. Bourbonnais's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.


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