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Bonfield

Learn about the people, housing, costs and businesses in Bonfield, Illinois

Median Home$194,100
Median Rent$1,121/month
Population360
Leading IndustriesRetail · Information & Media18% retail
Home Value Growth⬆⬆+15.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners92% of occupied units
NotableTransit86/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Bonfield
IL

Frequently Asked Questions

What are today's mortgage rates in Bonfield?

As of today, the 30-year fixed mortgage rate for Bonfield is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bonfield?

The median home value in Bonfield is $194k. The median monthly rent is $1,121. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bonfield?

Home values in Bonfield have increased 15.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bonfield?

Based on a typical all-in ownership cost of $1,210/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bonfield is $84k/year.

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What industries drive the economy in Bonfield?

The largest employment sectors in Bonfield are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.