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Burr Ridge

Learn about the people, housing, costs and businesses in Burr Ridge, Illinois

Median Home$633,128
Median Rent$1,932/month
Population11,649
Leading IndustriesTransportation · Arts, Food & Hospitality · Healthcare6% transportation
Home Value Growth⬆⬆+14.5% over 2 years
Retirees31% of residentswell above average
Homeowners91% of occupied units
NotableHigh Incomes$150k/year · top 4% nationally
NotableHighly Educated29% bachelor's · 17% graduate · top 10% nationally
Burr Ridge
IL

Frequently Asked Questions

What are today's mortgage rates in Burr Ridge?

As of today, the 30-year fixed mortgage rate for Burr Ridge is approximately 6.839% (6.844% 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 Burr Ridge?

The median home value in Burr Ridge is $633k. The median monthly rent is $1,932. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Burr Ridge?

Home values in Burr Ridge have increased 14.5% 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 Burr Ridge?

Based on a typical all-in ownership cost of $2,291/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $98k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Burr Ridge is $150k/year.

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What industries drive the economy in Burr Ridge?

The largest employment sectors in Burr Ridge are public administration (29%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.