Market Overview
Home Prices in Bourbonnais, IL
The median home value in Bourbonnais, IL is $303,233 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bourbonnais are priced26% below average. Bourbonnais is part of the Kankakee, IL metro area.
Over the past five years, Bourbonnais home values have risen by approximately37.4%, reflecting strong long-term appreciation in this market.
Price History
Bourbonnais Home Price Trend
City Comparison
Bourbonnais vs. National Median
At $303,233, homes in Bourbonnais cost 26% below the national median of $410,000. This makes Bourbonnais a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bourbonnais?
20% Down Payment
$60,647
on $303,233
Monthly P&I
$1,581/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,008/mo
incl. taxes & insurance
Income Needed
$80,320
gross annual (30% rule)
10% Down Option
$30,323
+ PMI applies
Loan Amount (20% dn)
$242,586
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bourbonnais, IL?
The median home value in Bourbonnais is $303,233 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Bourbonnais?
Over the past year, home values in Bourbonnais have increased by 5.8%. Over five years, prices have risen approximately 37.4%.
How much do I need to earn to buy a home in Bourbonnais?
To comfortably afford the median home price of $303,233 with a 20% down payment ($60,647) at today's rates (6.8%), you'd need a gross annual income of approximately $80,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Bourbonnais compare to the national average home price?
The national median home value is approximately $410,000. At $303,233, homes in Bourbonnais are 26% below the national average.
What metro area is Bourbonnais part of?
Bourbonnais is part of the Kankakee, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.