Market Overview
Home Prices in Burr Ridge, IL
The median home value in Burr Ridge, IL is $865,879 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Burr Ridge are priced111% above average. Burr Ridge is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Burr Ridge home values have risen by approximately29.7%, reflecting strong long-term appreciation in this market.
Price History
Burr Ridge Home Price Trend
City Comparison
Burr Ridge vs. National Median
At $865,879, homes in Burr Ridge cost 111% above the national median of $410,000. Buyers in Burr Ridge should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Burr Ridge?
20% Down Payment
$173,176
on $865,879
Monthly P&I
$4,516/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,735/mo
incl. taxes & insurance
Income Needed
$229,400
gross annual (30% rule)
10% Down Option
$86,588
+ PMI applies
Loan Amount (20% dn)
$692,703
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 Burr Ridge, IL?
The median home value in Burr Ridge is $865,879 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6% year-over-year.
How much have home prices changed in Burr Ridge?
Over the past year, home values in Burr Ridge have increased by 6%. Over five years, prices have risen approximately 29.7%.
How much do I need to earn to buy a home in Burr Ridge?
To comfortably afford the median home price of $865,879 with a 20% down payment ($173,176) at today's rates (6.8%), you'd need a gross annual income of approximately $229,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Burr Ridge compare to the national average home price?
The national median home value is approximately $410,000. At $865,879, homes in Burr Ridge are 111% above the national average.
What metro area is Burr Ridge part of?
Burr Ridge is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.