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Kankakee Housing Market, IL

Last updated May 2026

As of the latest data, the typical home in Kankakee is valued around $224K, up 6.7% over the past 12 months. The market is home to roughly 107K residents. Looking ahead, Curb Report's 12-month price forecast points to above-average outlook, housing crash risk is moderate, rental cap rates run below market median, the overall Investment Score grades average. Below you'll find Kankakee's home prices, price forecast, crash and climate risk, property taxes, cap rate, and rental data, updated monthly from Zillow, the Census Bureau, FEMA, and 30+ sources. Create a free account to explore the full interactive map, or analyze a specific listing with Curb Check.

Median home value

$224K

1-year growth

+6.7%

Population

107K

12-mo forecast

Above-average outlook

Crash risk

Moderate

Cap rate

Below market median

Dig into Kankakee

Cap rateForecast scoreCrash riskYoY growthGrowth scoreDistress IndexCarrying-cost riskDSCRNet cash flowAffordability IndexMigration inflowMigration outflowPrice per sq ft
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Kankakee housing market FAQ

Is now a good time to buy in Kankakee?

Curb Report's 12-month price forecast for Kankakee currently points to above-average outlook, with moderate housing crash risk. Create a free account to see the full forecast, the signals driving it, and historical trends before you buy.

What is the housing crash risk in Kankakee?

Kankakee's housing crash risk is currently moderate, based on price-to-income, inventory, days-on-market, and overvaluation signals. See the full Crash Risk breakdown and what's driving it on Curb Report.

What is the median home price in Kankakee?

The typical home value in Kankakee is about $224K, up 6.7% over the past year. Explore the full price history and 12-month forecast on Curb Report.

Is Kankakee a good place to invest in rental property?

In Kankakee, rental cap rates run below market median and the overall Investment Score grades average. Use the Curb Check tool to paste any Zillow or Redfin listing and get instant cap rate, cash flow, and a risk read for that specific property.

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