Bourbonnais, Illinois.
Typical home $303,033 (+5.2% in a year), asking rent $1,381 (+7.5%). Kankakee, IL metro.
to buy the typical home at today's mortgage rate — +$881 (+124%) since Jan 2020.
- 1 year
- Up $15,028 +5%
- $288,005$303,033 since Sep 2025
- 5 years
- Up $77,927 +35%
- $225,106$303,033 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Bourbonnais$1,591
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Bourbonnais, IL rose 5.2% over the past year — faster than the nation's +1.2%.
Asking rents in Bourbonnais, IL rose 7.5% over the past year — faster than the nation's +2.7%.
Owning the typical home in Bourbonnais runs $1,093/mo more than renting one. The gap peaked at $1,156 in Jun 2026.
That is $2,474 a month against $1,381 rent: a $1,591 mortgage payment, plus $559 property tax and $324 insurance & upkeep.
Owning vs renting — Bourbonnais
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,474
- Renting$1,381
- Mortgage only$1,591
Property tax · $559/mo 2.21% of value a year — the ACS 2020-2024 median bill over the median home value for Kankakee County, IL
Insurance & upkeep · $324/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Bourbonnais, Kankakee County, Illinois
Bourbonnais is a village of 18,164 people in Kankakee County. Half its households earn more than $81,708 a year and half less, against $71,281 across Kankakee County; 10% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Kankakee County was 4.3% in August 2026, and the county had 0.7% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Bourbonnais is a village in Kankakee County, and most of its homes are lived in by their owners. Incomes run higher than across the county, and the share of residents living below the poverty line is modest. A good number of adults hold a four-year degree, and the town skews a little younger than many places where homeowners settle, which fits a village with a university in it.
Work. Many residents work in schools, hospitals and social care, followed by shops, restaurants and hotels, and manufacturing. Among the largest workplaces in Bourbonnais are Olivet Nazarene University, Bourbonnais SD 53 and Jewel Food Stores. Unemployment across Kankakee County is lower than it was a year earlier, though the county has slightly fewer jobs than the year before. Commutes are fairly short, and some residents work from home.
Things to do. Kankakee River State Park, a protected area, is a short drive away, as is the Iroquois River for time near the water. For a longer outing, Midewin National Tallgrass Prairie is a protected area a longer drive away, and Chicagoland Speedway is a race track a longer drive away. Winters are cold and snowy here, and summers are warm, with a fair amount of rain through the year.
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- 6,179households
- 34%of adults have a degree
- 10%below the poverty line
- 20 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Kankakee County had 41,919 jobs in 2025, 0.7% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 16°; warmest in July, with highs near 85° and lows near 65°. About 21 inches of snow and 42 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Kankakee Metro Wastewater weather station, 3 miles away (NOAA).
Largest workplaces in Bourbonnais
- Olivet Nazarene UniversityUniversity or college751
- Bourbonnais SD 53School district435FTE
- Jewel Food StoresSupermarkets and other grocery stores171
- BlainsDepartment store126
- Kroger Central KMASupermarkets and other grocery except convenience stores119
- Citadel of BourbonnaisSkilled nursing facilities110
- Bourbonnais TerraceMental health facilities, residential94
- Sodexo at Olivet Nazarene Univ Dining RMFood service contractors93
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 11 workplaces with 20 or more staff, 1,005 people in all. Colleges come from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Inland floodingRelatively high
- TornadoesRelatively high
- Strong windrelatively high in parts of BourbonnaisRelatively moderate
- Heat wavesRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Bourbonnais’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Kankakee County and the Kankakee, IL metro.
Bourbonnais home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Bourbonnais$303,033
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Bourbonnais listings, and the typical home goes pending in 16 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Bourbonnais24.68%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Bourbonnais75
New listings per month
Sellers arriving at the market.
- Bourbonnais31
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Bourbonnais$285,591
- United States$370,717
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Bourbonnais99.38%
Zip codes with a Bourbonnais address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Bourbonnais — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.