Real Estate Investing in Buckingham, Illinois (60917)
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Should you buy in 60917 (Buckingham, IL)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
• 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 Buckingham, IL (60917)?
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Market Analysis: 60917 Buckingham
ZIP 60917 in Buckingham, IL carries a robust set of headwinds. Home values near $271K and rents of $1,152/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 60917 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 60917's metrics run below Kankakee County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 467 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 60917 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Buckingham:
Market Trends
Home Value History (with trend line)
📊 How Does 60917 Compare?
| Metric | 60917 | Buckingham | Kankakee, IL | Illinois |
|---|---|---|---|---|
| Home Value | $270,659 | $270,659 | N/A | $279,761 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 6.6% |
| Avg Rent | $1,152 | $1,152 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60917 (Buckingham, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,659 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 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 (3.3%). 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 60917
Population: 467
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
Frequently Asked Questions
How much should I expect to pay for a home in Buckingham, IL?
Expect median prices around $271K in Buckingham, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Which real estate strategy fits Buckingham, IL?
The best-fit strategy in Buckingham, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical renter like in Buckingham, IL?
Tenant quality in Buckingham, IL ranks as solid. Landlords generally report reliable occupancy at market rents of $1,152/mo.
Is real estate in Buckingham, IL a good investment right now?
Buckingham, IL scores 3.0/5 for investability. Home values sit at $271K and rents near $1,152/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical rental rate in Buckingham, IL?
Investors in Buckingham, IL typically see rents near $1,152/mo per month against $271K home values - a solid setup for rental cash flow.
You know 60917 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60917 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 60917 ranks in Kankakee, IL
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