Bolingbrook, Illinois Housing Market Prices
Updated
Bolingbrook Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 37% above the Illinois median$205,512
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Median rent 37% above the Illinois median$1,748
Housing Market Overview
| Metric | Bolingbrook | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,512 | $149,936 | $248,835 |
| Price Trend (Annual %) | 11.2% | 2.5% | 7.5% |
| Median Gross Rent | $1,748 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bolingbrook is about 37% higher than in Illinois. Rent is about 37% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bolingbrook, up about 11.2% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Bolingbrook rose about 46.3% between 2015 and 2024, from $1,195 to $1,748. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Bolingbrook.
Buying the median-priced home in Bolingbrook costs roughly 9.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bolingbrook. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Bolingbrook | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $205,512 | $149,936 | $248,835 |
| Median Household Income | $107,929 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bolingbrook rose about 55.8%, while median household income rose about 29.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bolingbrook | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.0% | 61.9% | 58.5% |
| Rental Rate | 20.8% | 30.4% | 31.2% |
| Vacancy Rate | 2.2% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Bolingbrook has a homeownership rate of 77.0%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 2.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Bolingbrook | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.05 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1987 | 1969 | 1978 |
| Median Number of Rooms | 6.7 | 5.6 | 5.5 |
The typical housing unit in Bolingbrook was built around 1987. On average, 3.0 people live in a home with about 6.7 rooms, staying for about 15.0 years on average.
Bolingbrook, IL Housing Compared With Nearby Cities
How Bolingbrook, IL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bolingbrook, IL | 74,594 | $205,512 #3/3 | $1,748 #2/3 | 78.7% #1/3 |
| Naperville, IL | 129,015 | $353,146 | $1,896 | 74.9% |
| Lisle, IL | 22,476 | $585,767 | $1,662 | 56.3% |
Frequently Asked Questions
Common questions about the housing market in Bolingbrook, Illinois.
What is the median home price in Bolingbrook, Illinois?
The median home price in Bolingbrook, Illinois is $205,512, higher than the Illinois average of $149,936.
What is the average home price in Bolingbrook, Illinois?
The typical home price in Bolingbrook, Illinois, reported as the median sale price, is $205,512. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bolingbrook, Illinois?
The median gross rent in Bolingbrook, Illinois is $1,748 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Bolingbrook in 2020?
In 2020, the median gross rent in Bolingbrook, Illinois was $1,396 per month.
What is the price-to-rent ratio in Bolingbrook, Illinois?
The price-to-rent ratio in Bolingbrook, Illinois is about 9.8, meaning it would take roughly 9.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bolingbrook.
Are home prices or rent rising faster in Bolingbrook, Illinois?
Both home prices and rent are rising in Bolingbrook, up about 11.2% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bolingbrook, Illinois?
77.0% of households in Bolingbrook, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Bolingbrook, Illinois?
The housing vacancy rate in Bolingbrook, Illinois is 2.2%, lower than the Illinois average of 7.7%.
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