HousingHandbookReference data

U.S. ZIP Code · IL60954

Kankakee County · Kankakee, IL

Typical home value

$181,601[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+7.6%
5-year / yr
+6.3%
10-year / yr
+6.4%

Relative price

vs U.S.
-36.1%
vs metro
-27.7%
vs state
-5.0%
ZIP 60954 location in IL
Location of ZIP 60954 in IL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 60954 is worth $181,601 — 27.7% below the Kankakee, IL median. Over the past year, values have risen 7.6%. The effective property tax rate is 1.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.7%[3]
Typical annual tax
$3,081[3]

#Climate risk

FEMA National Risk Index ratings for Kankakee County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
5,742[3]
Median household income
$65,906[3]

#Migration

Household moves in and out of Kankakee County over a year, from IRS tax-return data.

Net migration
-26[5]
Moved in
2,134
Moved out
2,160

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • Momence Jr High School

    Middle · Grades 5–8 · Momence CUSD 1

    345 students

  • Momence High School

    High · Grades 9–12 · Momence CUSD 1

    340 students

  • Je-Neir Elem School

    Elementary · Grades K–4 · Momence CUSD 1

    338 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$918
Loan principal$145,281
Down payment$36,320
Total interest paid$185,298

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,327
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
42nd percentile[1]
Rental yield
[2]
Property tax
36th percentile[3]

Frequently asked

How much is a home worth in ZIP code 60954?
The typical home in 60954 is worth $181,601, based on the Zillow Home Value Index.
Are home values rising in 60954?
Home values in 60954 are up 7.6% over the past year, and up 6.3% a year over five years.
What is the property tax rate in 60954?
The effective property tax rate in 60954 is 1.7% — roughly $3,081 a year on a typical home.
Who lives in 60954?
ZIP code 60954 has a population of 5,742 and a median household income of $65,906.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Bradley, IL

    Typical home
    $178,241
    Gross yield
  • Kankakee, IL

    Typical home
    $158,083
    Gross yield
    8.3%
  • Aroma Park, IL

    Typical home
    $214,740
    Gross yield
  • Aroma Park, IL

    Typical home
    $147,605
    Gross yield
  • Sammons Point, IL

    Typical home
    $216,768
    Gross yield
  • Hopkins Park, IL

    Typical home
    $113,961
    Gross yield

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