Burr Ridge Illinois Area Home Supply Charts

This page looks at a variety of Burr Ridge Illinois housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Burr Ridge depicts it has a Housing Units of 4,871 which is the second most housing units of all the places in the greater Burr Ridge region.

Figure 2 illustrates the housing density in the Burr Ridge housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Burr Ridge shows it has a Housing Density of 689.1 which is less than most other places in the local area. The city with the highest housing density in the area is Indian Head Park which depicts a density of 1942.5 (approximately 2.8 times bigger). Comparing housing density to the United States average of 39.5, Burr Ridge is appreciably bigger. Also, benchmarked against the state of Illinois, housing density of 97.4, Burr Ridge is very much bigger.

In Figure 4, Burr Ridge area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Burr Ridge depicts it has a Housing Unit Change of 13.6% which is more than all other places in the local area. Comparing change in the housing units to the United States average of 7.4%, Burr Ridge is about twice as large. Also, compared to the state of Illinois, change in the housing units of 2.2%, Burr Ridge is considerably bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Burr Ridge depicts it has a Renter Percent of 5.2% which is the smallest in terms of renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 94.8% which is the largest of all places in the greater Burr Ridge region.

Burr Ridge Illinois Home Cost Charts

Looking at the housing data provided in Figure 7, the average Burr Ridge home price is illustrated for this community and a useful analysis of affordable housing. Burr Ridge depicts it has a Median Home Value of $672,500 which is ranked #1 of all places in the greater Burr Ridge region. Figure 8 provides aggregate comparative data for the Burr Ridge Illinois metro area in terms of the median housing rental rate, apartment rent, etc. Burr Ridge shows it has a Median Gross Rent of $2,329 which is the highest of all places in the greater Burr Ridge region. Comparing rental rates to the United States average of $1,163, Burr Ridge is about twice as large. Also, compared to the state of Illinois, rental rates of $1,097, Burr Ridge is about twice as large.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Burr Ridge has the percentage of home price worth less than $50,000 the second smallest when sorted by home price worth less than $50,000 of all the other places in the metro area at 1% of the total. Second, it has the second smallest when sorted by home price worth less than $50,000 of all the other places in the area in order of home price worth between $50,000 to $100,000 at 5% of the total. Third, it has the smallest proportion of home price worth between $100,000 to $200,000 at 6% of the total. Also, it has the largest proportion of home price worth between $400,000 to $500,000 at 31% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $500,000 to $750,000 at 21% of the total and is ranked #1. Furthermore, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 7% of the total and is ranked #1. Next it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 7% of the total and is ranked #1. Additionally, it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 7% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Burr Ridge depicts it has a Median Owner Cost of $2,182 which is the largest of all places in the greater Burr Ridge region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Burr Ridge metro area. it has a Owner Cost as % of HH Income of 18% which is less than most other places in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Burr Ridge shows it has a Median Home Value as Percent of Median Earnings of 536% which is more than all other places in the greater Burr Ridge region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Burr Ridge depicts it has a Median Owner Costs-With Mortgage of $3,731 which is the largest of all places in the greater Burr Ridge region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $1,378 which is the largest of all places in the greater Burr Ridge region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Burr Ridge has the smallest proportion of owner cost between $300 and $500 at 4% of the total. Second, it has the smallest proportion of owner cost between $500 and $700 at 7% of the total. Third, it has the largest proportion of owner cost between $3,000 and $3,500 at 8% of the total and is ranked #1. Also, it has the largest proportion of owner cost between $3,500 and $4,000 at 21% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Burr Ridge depicts it has a % of Income Owner Costs-With Mortgage of 23% which is the second most cost as a percent of household income of all the places in the greater Burr Ridge region. The city with the highest cost as a percent of household income in the area is Willowbrook which depicts a cost as a percent of household income of 24% ( only slightly larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Burr Ridge shows it has a % of Income Owner Costs-No Mortgage of 13% which is less than most other places in the greater region. The city with the highest cost as a percent of household income in the area is Hodgkins which depicts a cost as a percent of household income of 19% (46.2% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Burr Ridge has the smallest proportion of rent as a percent of income is less than 10 pct at 12% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 30pct to 40pct at 18% of the total and is ranked #2. The only larger city being Willow Springs with 21%. Third, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 25% of the total and is ranked #2. The only larger city being Willow Springs with 25%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Burr Ridge has the smallest proportion of housing cost less than $300 at 1% of the total. Second, it has the smallest proportion of housing cost between $300 and $500 at 4% of the total. Third, it has the smallest proportion of housing cost between $500 and $700 at 7% of the total. Also, it has the largest proportion of housing cost between $2,500 and $3,000 at 35% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $10,001 which is more than all other places in the greater Burr Ridge region. Comparing median real estate taxes paid to the United States average of $2,690, Burr Ridge is approximately 3.7 times bigger. Also, in comparison with the state of Illinois, median real estate taxes paid of $4,744, Burr Ridge is about twice as large.

Figure 22 shows the percentage of renters who pay for utilities in Burr Ridge Illinois. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Burr Ridge has the largest proportion of pay extra for utilities at 15% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Burr Ridge Illinois has the smallest proportion of rent between 750 and 1000 dollars at 10% of the total. Second, it has one of the largest proportions of rent between 1000 and 1500 dollars at 42% of the total and is ranked #2. The only larger city being Willowbrook with 68%. Third, it has the largest proportion of rent between $1,500 and $2,500 at 20% of the total and is ranked #1. Also, it has the largest proportion of rent between $2,500 and $3,500 at 10% of the total and is ranked #1.

Burr Ridge Illinois Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Burr Ridge has the percentage of With mortgage the second smallest as measured by With Mortgage of all the other places in the local area at 36% of the total. Second, it has the largest proportion of Primary Mortgage and HELOC at 2% of the total and is ranked #1. Third, it has one of the largest proportions of With HELOC no Primary Mortgage at 53% of the total and is ranked #2. The only larger city being Hodgkins with 70%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Burr Ridge has one of the largest proportions of houses with mortgages at 53% of the total and is ranked #2. The only larger city being Hodgkins with 70%.

Burr Ridge Illinois Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.0 which is less than most other places in the local area. The city with the highest family members per housing unit in the area is Hodgkins which shows a family members per housing unit of 4.0 (33.0% larger). Comparing family members per housing unit to the United States average of 3.3, Burr Ridge is about 10.1% smaller. Also, versus the state of Illinois, family members per housing unit of 3.3, Burr Ridge is about 9.8% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 8.1 which is the largest of all places in the greater Burr Ridge region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1989 which is the second most of all the places in the greater region. The city with the highest year built in the area is Hodgkins which depicts a year built of 1995 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 8% of the total and is ranked #2. The only larger city being Hodgkins with 17%. Second, it has one of the largest proportions of homes built between 2010 to 2019 at 18% of the total and is ranked #2. The only larger city being Willow Springs with 19%. Third, it has one of the largest proportions of homes built between 2000 to 2009 at 22% of the total and is ranked #2. The only larger city being Hodgkins with 36%. Also, it has the second smallest when sorted by homes built in 2020 or later of all the other places in the local area in order of homes built between 1980 to 1989 at 15% of the total. In addition, it has the second smallest in terms of homes built in 2020 or later of all the other places in the local area as measured by homes built between 1970 to 1979 at 3% of the total. Furthermore, it has the smallest proportion of homes built between 1950 to 1959 at 1% of the total. Next it has the smallest proportion of homes built between 1940 to 1949 at 1% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the metro area at 236 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 2 units the second smallest when ranked by one unit detached of all the other places in the metro area at 1% of the total. Second, it has the second smallest when ranked by one unit detached of all the other places in the greater region in order of 3 or 4 units at 2% of the total. Third, it has the second smallest in order of one unit detached of all the other places in the greater region when sorted by 10 to 19 units at 4% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $947,300 of the total and is ranked #2. The only larger city being Willowbrook with $1,046,900. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $695,500 of the total and is ranked #2. The only larger city being Willowbrook with $702,100. Third, it has the largest proportion of value of homes built 2000 to 2009 at $760,100 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1990 to 1999 at $658,500 of the total and is ranked #1. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $582,300 of the total and is ranked #1. Furthermore, it has the largest proportion of value of homes built 1970 to 1979 at $615,900 of the total and is ranked #1. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $328,400 of the total and is ranked #3. Only #2 Countryside ($342,500), and #1 Indian Head Park ($351,700) are larger. Additionally, it has the largest proportion of value of homes built 1940 to 1949 at $428,300 of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Burr Ridge residents. it has a Owner-Household Size of 2.5 which is less than most other places in the local area. The city with the highest homeowner household size in the area is Hodgkins which depicts a homeowner household size of 2.6 (7.8% larger).

Figure 37 shows the household size for renters. Burr Ridge shows it has a Renter-Household Size of 2.7 which is the highest of all places in the greater region. Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2015 to 2018 at 22% of the total and is ranked #2. The only larger city being Indian Head Park with 25%. Figure 39 shows the year that people who rent moved into the area. Burr Ridge has the percentage of renters moved in 2019 or later less than most other places in the greater region at 38% of the total. Second, it has the second smallest in order of renters moved in 2019 or later of all the other places in the metro area as measured by renters moved in 2015 to 2018 at 19% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 30% of the total and is ranked #1. Also, it has the largest proportion of renters moved in 2000 to 2009 at 6% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2009 which is the highest of all places in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Burr Ridge shows it has a Renter Median Year Moved In of 2013 which is the smallest when ranked by median year that a renter moved in of all the other places in the area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 7% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Burr Ridge housing department, Illinois department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Burr Ridge shows it has a Total In Group Quarters of 89 which is the third most number of people in group quarters of all other places in the greater Burr Ridge region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Burr Ridge residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Burr Ridge has the percentage of number of people under 18 years of age and in group quarters in the middle range of other places in the area at 98% of the total.