Real Estate Investing in Momence, Illinois (60954)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60954 (Momence, 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 Momence, IL (60954)?
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Market Analysis: 60954 Momence
Investors eyeing 60954 need to respect the fundamentals at play. Home values of $182K come alongside slower price movement and elevated management overhead.
The investment case in 60954 is sturdy only for operators who understand what they are buying. A $182K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 60954 sits on the difficult end of the IL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 60954 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Momence's stable or hybrid ZIPs before stepping into 60954. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Momence:
Property Strategy for 60954
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,917 | $1,130 | 6.0% | +8.4% | $67,958 |
| 3BR | $197,805 | $1,490 | 5.4% | +7.5% | $65,935 |
Market Trends
Home Value History (with trend line)
📊 How Does 60954 Compare?
| Metric | 60954 | Momence | Kankakee, IL | Illinois |
|---|---|---|---|---|
| Home Value | $182,421 | $182,421 | N/A | $279,761 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.6% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 60954 (Momence, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,421 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (4.4%). 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 60954
Population: 5,586
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 60954
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
How deep is the rental pool in Momence, IL?
The tenant pool in Momence, IL is solid, supported by local employment and population fundamentals. Rents of $1,017/mo are well-absorbed by the market.
Are eviction rules reasonable in Momence, IL?
Momence, IL falls under IL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much does a house cost in Momence, IL?
In Momence, IL the median home value sits at $182K. Against the broader IL market, that reads as reasonable for most investors.
How viable is house hacking in Momence, IL?
House hacking in Momence, IL is a challenging. With home values around $182K and rents at $1,017/mo, owner-occupants can offset a meaningful share of PITI.
Should investors worry about vacancy in Momence, IL?
Vacancy in Momence, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,017/mo.
You know 60954 now. You don’t know where it ranks.
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How 60954 ranks in Kankakee, IL
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