Kankakee, IL Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Kankakee, IL is showing healthy, moderate growth.
- •Steady price growth of 5.2% year-over-year — a balanced market.
- •Price-to-rent ratio: 12.9 — buying is likely more cost-effective than renting.
Median Home Value
$215,628
ZHVI
Year-over-Year
+5.2%
Price change
5-Year Change
+33.9%
Since 2021
Median Rent
$1,397/mo
ZORI
Active Listings
256
For sale
State Avg
$281,547
Illinois
Home Value Trends
5-year Zillow Home Value Index for Kankakee, IL vs. state and national averages.
Rent Data
Median Rent
$1,397/mo
Rent YoY Change
+4.9%
Other Markets in Illinois
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.