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Bonnie Brae

Learn about the people, housing, costs and businesses in Bonnie Brae, Illinois

Median Home$294,600
Median Rent$2,044/month
Population1,200
Leading IndustriesHealthcare · Arts, Food & Hospitality · Finance & Insurance17% healthcare
Home Value Growth⬆⬆+14.1% over 2 years
Young Adults29% of residentsslightly above average
Homeowners87% of occupied units
NotableHigh Incomes$96k/year · top 20% nationally
Bonnie Brae
IL

Frequently Asked Questions

What are today's mortgage rates in Bonnie Brae?

As of today, the 30-year fixed mortgage rate for Bonnie Brae 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 Bonnie Brae?

The median home value in Bonnie Brae is $295k. The median monthly rent is $2,044. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bonnie Brae?

Home values in Bonnie Brae have increased 14.1% 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 Bonnie Brae?

Based on a typical all-in ownership cost of $1,706/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bonnie Brae is $96k/year.

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What industries drive the economy in Bonnie Brae?

The largest employment sectors in Bonnie Brae are healthcare (17%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.