Real Estate Investing in Kankakee, Illinois (60910)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60910 (Kankakee, IL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kankakee, IL (60910)?
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Market Analysis: 60910 Kankakee
Investors eyeing 60910 need to respect the fundamentals at play. Home values of $155K come alongside slower price movement and elevated management overhead.
The 60910 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 60910 sits on the difficult end of the IL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A durable renter share of 28% in 60910 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 60910 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Kankakee:
Market Trends
Home Value History (with trend line)
📊 How Does 60910 Compare?
| Metric | 60910 | Kankakee | Kankakee, IL | Illinois |
|---|---|---|---|---|
| Home Value | $154,639 | $159,924 | N/A | $279,761 |
| 5-Year CAGR | N/A | 7.2% | N/A | 6.6% |
| Avg Rent | $1,026 | $1,137 | N/A | - |
| Cap Rate | 5.2% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60910 (Kankakee, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $154,639 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60910
Population: 568
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 605 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Kankakee, IL make sense for an investment property?
With a 2.0/5 investability score, Kankakee, IL ranks as a solid market for rental property investors. Median prices of $155K and rents of $1,026/mo drive the underlying numbers.
Are homes affordable in Kankakee, IL?
Kankakee, IL median home values land near $155K. That is reasonable territory for investors looking at $1,026/mo-per-month rentals.
How much do tenants pay in Kankakee, IL?
Rent in Kankakee, IL is around $1,026/mo. The resulting rent-to-value relationship with $155K pricing is reasonable for most investor models.
How qualified is the tenant pool in Kankakee, IL?
The tenant pool in Kankakee, IL is solid, supported by local employment and population fundamentals. Rents of $1,026/mo are well-absorbed by the market.
Do rentals sit vacant long in Kankakee, IL?
Rental vacancy in Kankakee, IL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 60910 now. You don’t know where it ranks.
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