The housing in Bonfield, IL is a great value with a median value of $236,000. This is about 30% lower than the US median value of $338,100. Despite this difference in costs, the 1 year house appreciation rate for Bonfield is still quite encouraging at 7.34%, only slightly less than the US rate of 8.27%. This suggests that buying real estate in Bonfield is a worthwhile investment over the long-term. It also makes it an attractive option for those looking to purchase a home at an affordable price.
The median home cost in Bonfield is $236,000. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Bonfield is up 15.4%.
Average Age of Homes
- The median age of Bonfield real estate is 45 years old
The Rental Market in Bonfield
- Renters make up 9.3% of the Bonfield population
- 2.3% of houses and apartments in Bonfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.