 Described by historian Dušan T. Bataković as "exceptionally courageous and determined," Babunski is considered one of the most famous Chetnik commanders of his time. A monument dedicated to him was constructed in Veles in 1924, but it was blown up by the Bulgarians during World War II. A street in the Zvezdara neighborhood of Belgrade used to bear his name. His nom de guerre ("Chetnik name"), Babunski, was adopted as a surname by his descendants. Jovan is the great-grandfather of Macedonian footballer Boban Babunski, and great-great-grandfather of footballers David and Dorian.
