Boulder Hill, Illinois Real Estate & Housing Market

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Boulder Hill Housing Information

Index	Boulder Hill	Illinois	National
Median home price	$140,700	$174,800	$184,700
Median rent asked	$1,302	$925	$949
Avg. people per household	2.9	2.6	2.6
Owner occupied households	78.9%	66.0%	63.6%
Renter occupied households	21.1%	34.0%	36.4%

Above is a snapshot look at the real estate market in Boulder Hill, IL. In Boulder Hill, IL, the median house price is $140,700, making the price 20% lower than that the average for Illinois. Therefore, the affordability of Boulder Hill, IL area real estate is more affordable than the real estate in other areas of Illinois. In addition, Boulder Hill, IL has a median rent price of $1,302; this price is 41% higher than that the average rental price for Illinois. 78.9% of residents in Boulder Hill, IL are homeowners, and the average amount of people who reside in each home is 2.9. Boulder Hill, IL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Boulder Hill, IL real estate for sale.

Boulder Hill Home Affordability

When looking for real estate in Boulder Hill, IL, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Boulder Hill, IL, the median price of a home is $140,700 and $63,125 is the median household income. This means that the home price to income ratio is 2.2x, a ratio that is 25% lower than the average in Illinois. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Boulder Hill, IL will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Boulder Hill, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Fairmont, IL	2,516	$90,500	51%
Plano, IL	11,929	$124,500	33%
Rockdale, IL	2,151	$130,900	29%
Crystal Lawns, IL	2,263	$146,800	21%
Crest Hill, IL	20,316	$152,100	18%
Boulder Hill, IL	8,449	$140,700	24%

Cities with similar population

City, State	Population	Home Price	National Avg.
Folsom, PA	8,448	$202,600	10%
Lincoln City, OR	8,452	$220,900	20%
Fort Stockton, TX	8,445	$87,100	53%
Lake Elmo, MN	8,445	$375,800	103%
Brockport, NY	8,444	$111,100	40%
Boulder Hill, IL	8,449	$140,700	24%

Source: The Boulder Hill, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).