The story of this market
The typical home in ZIP 60954 sells for about $219,000, or $128 per square foot.
Prices are up +2% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $931 a month.
ZIP 60954 — Momence
The 60954 housing market is currently balanced, with supply and demand remaining relatively stable. Median home values have seen modest growth, and the area remains an affordable option compared to the broader Illinois market. Buyers should expect a competitive environment for well-priced properties, though inventory remains limited.
This ZIP code is well-suited for families and individuals seeking an affordable, small-town lifestyle with access to regional employment in Kankakee County.
Median prices moved up 2.0% year over year.
Homes spend a median of 52 days on market with 0.5 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 95% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 8.1% — 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 4.3%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60954, Kankakee County IL
Schools serving the area are primarily managed by the Momence Community Unit School District 1, which provides standard public education for the local population.
The area is subject to standard Midwestern climate risks, including seasonal wind and storm events; flood risk varies by proximity to the Kankakee River.
Economic momentum is driven by local agricultural and small-town commercial sectors, with proximity to Kankakee providing additional employment access.
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 rely on personal vehicles for commuting, with State Route 1 and 17 serving as the main corridors for travel toward Kankakee and regional employment hubs.
The area features access to the Kankakee River for outdoor activities, local parks, and small-town shopping districts within the Momence city limits.
The rental market is characterized by moderate demand and limited inventory, with rents remaining relatively affordable compared to the broader Illinois average.
The local economy is anchored by agriculture, manufacturing, and small-scale retail, with significant employment ties to the broader Kankakee County labor market.
Transportation is primarily automobile-dependent, with major regional access provided by State Route 1 and 17.
Development is primarily focused on residential infill and small-scale commercial improvements within the existing town footprint.
Kankakee County assesses property values based on market data and state-mandated equalization factors.
Parcels are subject to levies from Momence Community Unit School District 1 and local municipal taxing bodies.
Property insurance premiums are influenced by regional weather patterns and the area's classification within flood-prone zones near the river.
Data retrieved from US Census Bureau ZCTA tabulations.
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. Source: NCES EDGE public school locations 2023-24.
Provides recreational opportunities including fishing and boating.
Maintains local green spaces and community recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.