Median home value in zip code 60940 (Grant Park, IL) is $283,797, up 8.0% year over year. Part of the Kankakee, IL metropolitan area.

Home Value$283,797

YoY Change

+8.0%

Prices rising — worse for buyers.

Affordability

Enter your income for 60940 (Grant Park).

Income (annual)

Down Payment

$56,759 on $283,797

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

Stretch33.8% of income

Above 28% but manageable with cuts.

PITI$2,112

P/I33.8%

Afford$235K

Gap-$49K

P&I $1,435Tax $527Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

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

Metro Analysis

60940 is part of the Kankakee, IL metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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