Housing in Kankakee, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$132,069
Median List Price
$165,493
Price Per Sq Ft
$102
Days on Market
109
Active Inventory
80
Months of Supply
4.7
Balanced market
Zillow Home Value
$144,990
ZHVI — January 2026
Zillow Rent Index
$1,151
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
23.5%
Off Market in 2 Weeks
11.5%
Sale-to-List Ratio
95.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
17
New Listings
26
Pending Sales
26
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$102
Median List $/SF
$130
Kankakee vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Kankakee is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$105,500
Median Rent
$986
Total Housing Units
11,309
Vacancy Rate
17.7%
Owner Occupied
49.4%
Renter Occupied
50.6%
Median Property Tax
$2,821
per year
Monthly Cost (w/ Mortgage)
$1,013
Housing Types
The current median sale price in Kankakee, IL is $132,069 according to Redfin data. Homes spend a median of 109 days on the market. 23.5% of homes sold above asking price. The market has 4.7 months of supply. The median price per square foot is $102. Zillow's observed rent index is $1,151/month. About 49.4% of housing units are owner-occupied. The median year homes were built is 1955. There are 11,309 total housing units.