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Foreclosure Homes in Burnham, IL

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View this home at S Manistee Ave Burnham IL 60633
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S Manistee Ave
Burnham, IL 60633
Single-Family
|
3 |
1
|
1,350
AUCTION: 06-25-2024
Single-Family
|
3 |
1
|
1,350
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Burnham, IL Foreclosures

How much do homes sell for in Burnham, IL?
The average home price is currently $137,232.
In Burnham, IL, how many homes are available?
There are currently 851 active home listings available in Burnham.
What’s the average rental cost in Burnham, IL?
The average rental price in Burnham is $1,216.
What is the most expensive home in Burnham, Illinois?
The most expensive home sold in Burnham had a price of $752,992.
What is currently the cheapest priced home in Burnham, IL?
The cheapest home for sale in Burnham is priced at $28,776.

Home Value Estimator For Burnham, IL

There are currently 851 real estate properties in Burnham, IL, with a median automated valuation model (AVM) price of $138,101.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Burnham, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Burnham, IL, is $137,232.00, with the most expensive house in Burnham, IL, topping out at $752,992.00 and the cheapest home in Burnham, IL, clocking in at $28,776.00. In other words, there’s something for every potential homebuyer or savvy investor in Burnham, IL!


Rent Prices In Burnham, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Burnham, IL, is on a rollercoaster ride. The average rent price in Burnham, IL, is $1,216.00. Indeed, when looking to rent in Burnham, IL, you can expect to pay as little as $790.00 or as much as $2,330.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Burnham, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Burnham, IL In 2024

Burnham is located in Cook, Illinois, with an estimated municipal population of 4,088 residents. All of the best foreclosed homes for sale in Burnham are located in the following zip code areas on Foreclosure.com: 60633. The estimated population per square kilometer (.62 miles) in Burnham is 850.


Cost Of Living In Burnham, IL

So, about how much do homes cost in Burnham? The most recent median value of resident-owned homes in Burnham is 92,347. An estimated 62.3 percent of households in Burnham own their homes, with an average family size of 3.62. The median household income in Burnham is 46,394, with19.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Burnham, the median commute time of resident workers (in minutes) is 38.4. And last, but certainly not least, are you looking for homes to rent in Burnham? If so, the average rent price paid by renters in Burnham is 930, according to recent statistics.


Diversity And Demographics In Burnham, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Burnham, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Burnham is 37.5, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in Burnham is 29.9, with an average family size of 3.62.

The percentage of residents who report their race in Burnham is as follows:

White 30.3%
Black / African American 62%
Asian 0.3%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.8%
Other 6.6%

Looking for family-friendly neighborhoods in and/or near Burnham? Or maybe you are searching for 55+ active adult communities in and/or near Burnham?

The percentage of residents who report their age in Burnham is as follows:

Under 10 13%
Aged 10-19 13.8%
20s 10.8%
30s 15.6%
40s 14.4%
50s 14.1%
60s 6.9%
70s 6.3%
80+ 5%

Best Schools In Burnham, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Burnham with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Burnham.


Pros And Cons Of Living In Burnham, Illinois

How do you know that living in -- or moving to -- Burnham is right where you need to be? Perhaps you grew up in Burnham or already live nearby; therefore, the decision to buy a home in Burnham is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Burnham for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Burnham:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Burnham.


Reasons To Move To Burnham, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Burnham can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Burnham, meanwhile, can field multiple offers from more qualified buyers.

Burnham, IL Foreclosures


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