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Bunker Hill

Learn about the people, housing, costs and businesses in Bunker Hill, Illinois

Median Home$187,100
Median Rent$859/month
Population1,507
Leading IndustriesFinance & Insurance · Transportation · Information & Media8% finance & insurance
Home Value Growth⬆⬆+18.3% over 2 years
Young Adults27% of residentsnear the national average
Homeowners80% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$92k/year · top 23% nationally
Bunker Hill
IL

Frequently Asked Questions

What are today's mortgage rates in Bunker Hill?

As of today, the 30-year fixed mortgage rate for Bunker Hill is approximately 7.049% (7.062% 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 Bunker Hill?

The median home value in Bunker Hill is $187k. The median monthly rent is $859. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bunker Hill?

Home values in Bunker Hill have increased 18.3% 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 Bunker Hill?

Based on a typical all-in ownership cost of $1,111/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bunker Hill is $92k/year.

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What industries drive the economy in Bunker Hill?

The largest employment sectors in Bunker Hill are public administration (21%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.