Real Estate Investing in Bonfield, Illinois (60913)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60913 (Bonfield, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bonfield, IL (60913)?
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Market Analysis: 60913 Bonfield
The 60913 ZIP in Bonfield, IL is a local-operator market. Outside capital chasing a $327K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 60913 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In practical terms, 60913 offers a low basis, the region around Bonfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 60913 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 60913 is an operator game, not a passive one. From a cash-flow lens, entry prices of $327K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bonfield:
Market Trends
Home Value History (with trend line)
📊 How Does 60913 Compare?
| Metric | 60913 | Bonfield | Kankakee, IL | Illinois |
|---|---|---|---|---|
| Home Value | $327,061 | $327,061 | N/A | $279,761 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.6% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60913 (Bonfield, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,061 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (2.8%). 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 60913
Population: 1,597
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
🎓 Schools in 60913
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 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
What is the best play in Bonfield, IL?
For Bonfield, IL, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Can I house hack in Bonfield, IL?
Bonfield, IL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $327K price point reasonable to enter.
How strong is tenant demand in Bonfield, IL?
Bonfield, IL draws a stable base of working renters. Demand at the $1,179/mo rent level is reasonable for standard single-family and small multi rentals.
Is Bonfield in IL worth investing in?
Our data puts Bonfield, IL at 3.0/5 for investability. Home prices of $327K and rents around $1,179/mo create a solid backdrop for investor activity.
Is Bonfield, IL a friendly market for rental owners?
Bonfield, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 60913 now. You don’t know where it ranks.
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How 60913 ranks in Kankakee, IL
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