The story of this market
The typical home in ZIP 60914 sells for about $305,000, or $152 per square foot.
Prices are up +1.9% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,291 a month.
ZIP 60914 — Bourbonnais
The housing market in 60914 remains stable with modest price appreciation and healthy demand. Low inventory levels continue to support pricing, though buyers are increasingly sensitive to interest rates and affordability.
This ZIP is ideal for families seeking suburban affordability, university-affiliated staff, and commuters who prefer a quieter lifestyle while maintaining access to the Chicago metro area via I-57.
Median prices moved up 1.9% year over year.
Homes spend a median of 42 days on market with 3.1 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 9.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 60914, Kankakee County IL
Crime rates in the Bourbonnais area are generally lower than the Illinois state average, with property crime being the primary concern in more densely populated commercial zones.
The area is served by highly regarded public school districts, including Bourbonnais Elementary and Bradley-Bourbonnais Community High School, which maintain strong academic performance ratings.
The region faces moderate risk from severe thunderstorms and occasional flooding near the Kankakee River, with standard insurance coverage typically sufficient for most residential properties.
Economic momentum is driven by the proximity to Olivet Nazarene University and ongoing commercial expansion along the Illinois Route 50 corridor, which serves as the primary retail hub.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents primarily commute via I-57, providing a direct route north toward the Chicago metropolitan area, though most local employment is concentrated within Kankakee County.
The area features extensive access to the Kankakee River State Park, numerous local community parks, and a variety of shopping and dining options centered around the Bourbonnais retail district.
The rental market is characterized by steady demand from university students and local workforce, with low vacancy rates and moderate annual rent growth.
The economy is anchored by education, healthcare, and retail sectors, with Olivet Nazarene University and local medical centers serving as primary employers.
The area is served by I-57 and local bus transit, with limited rail connectivity to the Chicago core.
Development is focused on mixed-use residential and commercial expansion along the northern Bourbonnais corridor.
The Kankakee County Assessor manages property valuations with periodic reassessments to reflect market changes.
Parcels are subject to various taxing districts including school, library, and park districts, which are reflected in the total property tax bill.
Property insurance premiums are stable, though coverage for wind and storm damage is a standard consideration for homeowners.
Data retrieved from data.census.gov ZCTA 60914 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Extensive trails and river access for recreation.
Major regional anchor and cultural hub.
Popular local park with walking paths and historical sites.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.