Real Estate Investing in Bourbonnais, Illinois (60914)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60914 (Bourbonnais, 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.
What’s happening in Bourbonnais, IL (60914)?
Click any question — our AI will research it live from the web and show you sources.
Local Pulse Report
AI-researched developments and news for Bourbonnais, IL (60914). Updated on demand as visitors ask.
Growth & development in Bourbonnais, IL (60914) Updated 58 days ago
Opportunities
- The first phase of the 120-lot Pony Farm subdivision was approved in August 2025, bringing new housing to Bourbonnais Township. — This expands housing options and supports residential growth in the area. Shaw Local
- A new Scooter's Coffee drive-thru location is under construction on South Main Street, with an anticipated late summer 2026 opening. — This provides a new convenient coffee option and creates local jobs. Economic Alliance of Kankakee County
- Construction for a new Chipotle Mexican Grill on Main Street NW is expected to begin in late June 2026. — This offers residents more dining choices and generates new employment opportunities. Shaw Local
- The ESP Bourbonnais community solar project, a 7 MW-dc / 5 MW-ac solar farm, is nearing completion. — This project expands access to clean, renewable energy for local residents and businesses. ESP Bourbonnais
- The Bourbonnais solar project, a 2 MW solar farm, became operational in 2024. — This adds to the region's renewable energy capacity and promotes sustainability. Cleanview
Concerns
- Bourbonnais trustees approved a moratorium on building data centers in the village, expiring January 31, 2027. — This temporarily restricts certain types of commercial development within village limits. Shaw Local
- The Bourbonnais Firehouse Subs location closed, with its business certification revoked in June 2026. — This reduces local dining options and results in job losses. Reddit
Local news & events in Bourbonnais, IL (60914) Updated 58 days ago
Opportunities
- The Village of Bourbonnais is hosting "Lunchtime Bites & Beats" every Wednesday from June through September, featuring food trucks and live music. — This expands recreational and dining options for residents during the summer and early fall. Village of Bourbonnais
- The Village of Bourbonnais, in partnership with ComEd, is upgrading all street lights to energy-efficient LED technology. — This will decrease energy consumption and costs for the village, potentially benefiting residents through reduced municipal expenses. Village of Bourbonnais
- The Bourbonnais Police Department plans to use drones for real-time monitoring of participant safety at the upcoming Bourbonnais Friendship Festival. — This enhances safety measures for large community gatherings, potentially reducing risks for attendees. Village of Bourbonnais
- The Village of Bourbonnais sponsored a 'Tox Drop' event on May 27th, where over 20 tons of hazardous waste were recycled in just over two hours. — This provides a convenient and responsible way for residents to dispose of hazardous materials, promoting environmental health. Village of Bourbonnais
- Bourbonnais has a safety grade of A with a violent crime rate of 127.6 per 100,000 residents, which is lower than the national average. — This indicates a relatively safe community, contributing to residents' peace of mind and overall quality of life. OpenCrime
Concerns
- Bourbonnais's water has two contaminants above EPA health-based guidelines (MCLGs), though it meets federal legal limits. — This may impose unconsented costs on residents who choose to purchase water filters for additional protection. TapWaterData
- The Illinois EPA referred the owner of the Lemna property near Bourbonnais to the Attorney General for improper and unsafe management of waste tires. — This ongoing issue poses potential environmental and health risks to the local community. Illinois EPA
Civic & policy in Bourbonnais, IL (60914) Updated 58 days ago
Opportunities
- Bourbonnais trustees approved a decrease in the village's property tax rate for 2025, continuing a decade-long trend. — This reduces the property tax burden on homeowners for the village's portion of their tax bill. Shaw Local
- The Village Board approved the Fiscal 2025-26 budget with projected revenues exceeding expenditures, resulting in a surplus. — A budget surplus indicates sound financial management and potential for future community investments. Manteno Vedette
- Approximately 18 acres of the former Bon Vivant Country Club were annexed and zoned for a banquet center and restaurant. — This allows for new commercial development, potentially creating jobs and amenities. Shaw Local
- Bourbonnais trustees approved new stop sign locations at eight intersections in July 2026. — This aims to improve traffic safety and flow within the village. Shaw Local
- The village is utilizing $120,000 in Rebuild Illinois grant money for road maintenance in fiscal year 2025-26. — This external funding helps improve local infrastructure without directly increasing local taxes. Manteno Vedette
Concerns
- Bourbonnais trustees passed an ordinance in June 2026 placing a moratorium on building data centers in the village. — This restricts potential economic development and job creation from data center construction. Shaw Local
- The state is phasing out the 1% grocery tax on January 1, 2026, which annually provided Bourbonnais with $750,000 in sales tax funds. — This loss of revenue could impact public services unless replaced by other local taxes. Shaw Local
- Bourbonnais is exploring adding a 1% sales tax to replace the lost grocery tax revenue, with funds potentially rebating homeowners' property tax bills. — This new sales tax could increase the cost of goods for residents, even with a potential property tax rebate. Shaw Local
- An amended disorderly conduct and noise ordinance, effective May 2025, prohibits off-road vehicle operation within 300 feet of residential buildings. — This restricts recreational activities for off-road vehicle owners in certain areas, with potential fines. Shaw Local
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
Here's what matters if you're considering buying a home in Bourbonnais:
Property Strategy for 60914
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $197,872 | $1,490 | 5.4% | +7.4% | $98,936 |
| 3BR | $274,728 | $1,960 | 5.1% | +8.0% | $91,576 |
| 4BR | $346,552 | $1,990 | 4.1% | +7.7% | $86,638 |
| 5BR | $394,251 | — | — | +7.1% | $78,850 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60914 Compare?
| Metric | 60914 | Bourbonnais | Kankakee, IL | Illinois |
|---|---|---|---|---|
| Home Value | $305,175 | $305,175 | N/A | $279,761 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.6% |
| Avg Rent | $1,550 | $1,550 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 60914 (Bourbonnais, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,175 |
| Monthly Rent | $1,550 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 60914
Population: 28,503
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 60914
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Bradley Central Middle School
Bradley West Elem School
Bradley East Elem School
Bradley-Bourbonnais C High School
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 investability score for Bourbonnais, IL?
Bourbonnais, IL comes in at an investability rating of 3.0/5, with median home values near $305K and average rents around $1,550/mo. That combination puts it in the durable tier for investor interest.
What real estate strategy is ideal for Bourbonnais, IL?
Bourbonnais, IL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($305K prices, $1,550/mo rents) make it a reasonable choice.
What do rentals go for in Bourbonnais, IL?
Rental rates in Bourbonnais, IL average $1,550/mo. Tenant demand and $305K home values make the yield look reasonable by investor standards.
What are vacancy rates like in Bourbonnais, IL?
Vacancy in Bourbonnais, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,550/mo.
Is house hacking profitable in Bourbonnais, IL?
House hacking in Bourbonnais, IL is reasonable to execute. Prices around $305K and rents of $1,550/mo solid owner-occupant economics.
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How 60914 ranks in Kankakee, IL
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