Kankakee
Illinois · Ranked #15 of 373 metros
93Affordable
💡
Housing in Kankakee costs 2.74× the median income, below the national average of 4.5×. The median home price is $183K and median rent is $1,058/month. Kankakee ranks #15 of 373 metros for affordability.
Median Home Price
🏠$183K
Need $54K income
Median Rent
🔑$1,058
Need $42K income
Building Permits
🔨139
annual
Median Income
💰$67K
Pop: 104,059
Rent Burden
⚠️20.8%
of renters paying >30%
Homeownership
🏡71.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Kankakee | National |
|---|---|---|
| Price-to-Income Ratio | 2.74x | 6.1x |
| Rent Burden | 20.8% | 31.5% |
| Homeownership Rate | 71.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +55.8%Since 2000: +107.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$914/mo
1 Bedroom$1,011/mo
2 Bedroom$1,326/mo
3 Bedroom$1,745/mo
4 Bedroom$1,774/mo
Zillow Market Data
Home Value (ZHVI)
$216K
1yr: +5.2%5yr: +33.9%
Rent (ZORI)
$1,397/mo
1yr: +4.9%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$225K
Active Inventory
7
Days on Market
72
Sold Above List
0.0%
Price Drops
42.9%