The story of this market
The typical home in Kankakee County, Illinois sells for about $259,900, or $135 per square foot.
Prices are up +3.98% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. Over the long run, values in this county have grown 88% since 2000. Last year 19 of 26 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is riverine flooding, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,349 a month.
HUD sets the fair market rent for a 2-bedroom at $1,349 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+2.4%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+12.8%). Worst: 2012 (-5.2%). Hover to read a year.
Monthly price momentum
Home values since 2015
+5.4%
IL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,775
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+2.4%
2025 change
FHFA repeat-sales index, median of 26 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
76
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $68,155,474.
Mortgage activity
Home lending in this county
81%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 3694 | 2016 | 77.4% | 7.5% | $145,000 |
| 2019 | 4161▲ | 2387▲ | 81%▲ | 8%▲ | $145,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Kankakee County, Illinois
The Kankakee County housing market shows resilience with a median listing price of $259,900, reflecting a 3.98% year-over-year increase. While inventory remains tight, the market is balancing as days on market stabilize at 42 days. Demand is supported by the county's role as a logistics and healthcare hub, though affordability remains a factor for local buyers.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price diverges 26.0% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Select a city to expand its ZIP intel reports beneath · 5 cities · 6 ZIP reports
Median prices moved down 7.5% year over year.
Homes spend a median of 25 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 2.84% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 12.8% — a stable, low-distress profile.
Deterministic aggregate of 5 researched ZIP reports of 6 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Kankakee County, Illinois — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 24
researched Sep 24
researched Sep 24
researched Sep 24
researched Sep 24
| 60901 | Kankakee | $209,000 | $127 | +6.2% | 45 | 100% | — | 3.8 | 171 | $1,045 | researched Sep 24 |
| 60914 | Bourbonnais | $305,000 | $152 | +1.9% | 42 | 98.2% | 18.5% | 3.1 | 68 | $1,291 | researched Sep 24 |
| 60915 | Bradley | $185,000 | $115 | +2.4% | 42 | 97.5% | 18% | 4.1 | 88 | $1,072 | researched Sep 24 |
| 60950 | Manteno | $319,000 | $158 | +2.1% | 42 | 98.2% | 18% | 3.2 | 84 | $1,090 | researched Sep 24 |
| 60964 | Saint Anne | $235,000 | $139 | -7.8% | 24 | — | — | — | 23 | $989 | researched Sep 24 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Kankakee County are generally higher than the Illinois state average, with property crime being the most frequently reported offense in urbanized areas of the county.
School quality varies significantly across the county, with districts like Bradley-Bourbonnais Community High School District 307 generally receiving higher performance ratings compared to smaller, rural districts.
The county faces moderate risk from severe thunderstorms and occasional flooding along the Kankakee River, which influences local property insurance premiums.
Economic momentum is driven by logistics, healthcare, and manufacturing sectors, with ongoing infrastructure improvements near the I-57 corridor supporting regional development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The economy is anchored by healthcare (Riverside Medical Center, AMITA Health), manufacturing, and a growing logistics sector due to the county's strategic location on I-57.
The county is served by the I-57 corridor and Amtrak's City of New Orleans and Illini/Saluki lines, providing rail connectivity to Chicago.
The Kankakee County Assessor's office manages property valuations based on a three-year cycle of market analysis and physical inspections.
The county includes various special districts for fire protection, library services, and drainage, which are reflected in the total property tax levy.
Property insurance markets remain stable but sensitive to regional weather patterns, with premiums reflecting the risk of wind and water damage.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major regional destination offering hiking, fishing, and camping along the scenic Kankakee River.
Features historic sites, walking trails, and community events, serving as a central recreational hub for the Bourbonnais area.
Data retrieved from data.census.gov; figures represent county-wide averages.
Sellers must provide a written disclosure report to prospective buyers detailing material defects in the property as defined by 765 ILCS 77/35.
765 ILCS 77/1 et seq.
Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts. Exemptions, such as the homestead exemption, reduce the EAV before the tax rate is applied.
35 ILCS 200/9-145
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.