Kankakee County, Illinois Housing Market Prices
Kankakee County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 9% below the Illinois median More expensive than 76% of counties in Illinois$136,128
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Median rent 14% below the Illinois median More expensive than 92% of counties in Illinois$1,096
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Kankakee County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,128 | $149,936 | $248,835 |
| Price Trend (Annual %) | 3.6% | 2.5% | 7.5% |
| Median Gross Rent | $1,096 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kankakee County is about 9% lower than in Illinois. Rent is about 14% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Kankakee County, up about 3.6% and 3.6% a year respectively. Rent is changing faster.
Median rent in Kankakee County rose about 33.8% between 2015 and 2024, from $820 to $1,096. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Kankakee County.
Buying the median-priced home in Kankakee County costs roughly 10.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kankakee County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Kankakee County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,128 | $149,936 | $248,835 |
| Median Household Income | $72,136 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kankakee County fell about 5.3%, while median household income rose about 35.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kankakee County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 61.9% | 58.5% |
| Rental Rate | 27.2% | 30.4% | 31.2% |
| Vacancy Rate | 9.7% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Kankakee County has a homeownership rate of 63.1%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 9.7%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Kankakee County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1973 | 1969 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Kankakee County was built around 1973. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Kankakee County, IL Housing Compared With Nearby Counties
Kankakee County, IL is the 3rd largest of the 5 counties compared here, 106,635 residents against a local median of 275,757. Where Kankakee County, IL breaks from the counties next to it is median home price, sitting 25% above the local median of $109,081 at $136,128.
The counties themselves spread $117,874 on median home price, so Kankakee County, IL sits at one end of an already wide local range rather than apart from it. Kankakee County, IL has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kankakee County, IL | 106,635 | $136,128 #2/5 | $1,096 #4/5 | 69.9% #5/5 |
| Will County, IL | 701,595 | $214,302 | $1,462 | 82.8% |
| Iroquois County, IL | 26,449 | $96,428 | $798 | 80.0% |
| Grundy County, IL | 53,223 | $110,688 | $1,176 | 74.4% |
| Lake County, IN | 498,291 | $107,473 | $1,132 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in Kankakee County, Illinois.
What is the median home price in Kankakee County, Illinois?
The median home price in Kankakee County, Illinois is $136,128, lower than the Illinois average of $149,936.
What is the average home price in Kankakee County, Illinois?
The typical home price in Kankakee County, Illinois, reported as the median sale price, is $136,128. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Kankakee County, Illinois?
The median gross rent in Kankakee County, Illinois is $1,096 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Kankakee County in 2020?
In 2020, the median gross rent in Kankakee County, Illinois was $906 per month.
What is the price-to-rent ratio in Kankakee County, Illinois?
The price-to-rent ratio in Kankakee County, Illinois is about 10.3, meaning it would take roughly 10.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kankakee County.
Are home prices or rent rising faster in Kankakee County, Illinois?
Both home prices and rent are rising in Kankakee County, up about 3.6% and 3.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Kankakee County, Illinois?
63.1% of households in Kankakee County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Kankakee County, Illinois?
The housing vacancy rate in Kankakee County, Illinois is 9.7%, higher than the Illinois average of 7.7%.
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