Kankakee, IL

Metro area in Illinois · Updated Jan 2026

12-Month Forecast ↑ +2.2%

Median Home Value

$212,257

↑ +4.7%

Year-over-year

Median Rent

$1,400/mo

↑ +2.4%

Year-over-year

Rental Yield

7.9%

Excellent for investors

5-Year Appreciation

+34.5%

Income Needed to Buy

$65,887

20% down, 30% DTI max

Active Listings

263

For-sale inventory

Price-to-Rent Ratio

12.6

Favors buying

Price Forecast

1 Month

↑ +0.8%

3 Months

↑ +1.8%

12 Months

↑ +2.2%

5-Year Price Trend

Calculate your mortgage for Kankakee, IL

See monthly payments for a $212,257 home →

Should you rent or buy in Kankakee, IL?

Price-to-rent ratio: 12.6x — Buying likely wins. Run a full breakeven analysis with Kankakee, IL numbers pre-filled →

Frequently Asked Questions