The median home in Kankakee, Illinois is valued at $144,990, up 2.1% year over year. Typical monthly rent is $1,151, producing a price-to-rent ratio of 10.5x — below the national average of 18x. Kankakee is part of the Kankakee, IL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$144,990

+2.1%

Rent$1,151/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Kankakee.

Income (annual)

Down Payment

$28,998 on $144,990

Example: $75,000 household income. Change it above to see your own.

Affordable18.4% of income

Under the 28% guideline.

PITI$1,153

P/I18.4%

Afford$220K

Room+$75K

P&I $733Tax $269Ins $150

Renting $2/mo cheaper ($1,151 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Kankakee with other housing markets across Illinois.

Kenilworth$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

Full Kankakee, IL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Kankakee, IL metro.

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