Real Estate Investing in Manteno, Illinois (60950)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60950 (Manteno, 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 Manteno, IL (60950)?
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Market Analysis: 60950 Manteno
ZIP 60950 in Manteno, IL carries a substantial set of headwinds. Home values near $321K and rents of $1,225/mo sit inside a market where underwriting has to be tight.
The 60950 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within IL, ZIP 60950 trails on several market indicators that neighboring Kankakee County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Who lives in 60950 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 60950 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 Manteno:
Property Strategy for 60950
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $213,707 | $1,220 | 4.1% | +8.3% | $106,854 |
| 3BR | $290,119 | $1,610 | 4.0% | +6.9% | $96,706 |
| 4BR | $381,798 | $1,640 | 3.1% | +7.7% | $95,449 |
| 5BR | $418,404 | — | — | +7.5% | $83,681 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60950 Compare?
| Metric | 60950 | Manteno | Kankakee, IL | Illinois |
|---|---|---|---|---|
| Home Value | $321,268 | $321,268 | N/A | $279,761 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.6% |
| Avg Rent | $1,225 | $1,225 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 60950 (Manteno, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,268 |
| Monthly Rent | $1,225 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.0%). 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 60950
Population: 11,902
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 60950
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
Is vacancy a concern in Manteno, IL?
Rental vacancy in Manteno, IL is elevated. Investors should budget normal turnover but not chronic empty units.
How strong are rents in Manteno, IL?
The typical rental in Manteno, IL commands about $1,225/mo monthly. That rent profile consistent cash flow against the $321K purchase basis.
Does Manteno, IL favor landlords or tenants?
Rental owners in Manteno, IL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I live-in-and-rent in Manteno, IL?
The house hack math a challenging in Manteno, IL. Owner-occupant buyers benefit from the $1,225/mo rents and $321K home values.
Which real estate strategy fits Manteno, IL?
The best-fit strategy in Manteno, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 60950 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60950 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 60950 ranks in Kankakee, IL
Every ZIP in this metro, ranked. Free.
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