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.

See the full metro analysis: Kankakee, IL stress score, crash risk, and 12-month forecast →

Home Value$144,990

+2.1%

Rent$1,151/mo

AFFORDABILITY

Enter your income for Kankakee.

Income (annual)

Down Payment

$28,998 on $144,990

Affordable — 18.4% 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$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

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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KANKAKEE, IL