Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Kankakee area can be challenging. Home prices in Kankakee are now at a median cost of $109,872, lower than the Illinois average of $242,002.
The average cost of rent is $1,074/mo in Kankakee, primarily driven by the current value of real estate in the Kankakee area. While nearly 53.06% of residents own their homes outright in Kankakee, 43.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Kankakee is $4,042 per month. Households that rent pay about 26.58% of their income on rent here. Kankakee's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Bradley, IL: higher priced homes
- Greenwich, IL: higher priced homes
- Bourbonnais, IL: higher priced homes
- Aroma Park, IL: higher priced homes
- Limestone, IL: higher priced homes
- Otto, IL: higher priced homes
- Sammons Point, IL: higher priced homes
- Indian Oaks, IL: higher priced homes
- Sun River Terrace, IL: higher priced homes
- Lehigh, IL: higher priced homes
Cities with Similar Populations
- Webster, TX: higher priced homes
- Dade City, FL: higher priced homes
- Davison, MI: higher priced homes
- Deer Park, NY: higher priced homes
- Derby, KS: higher priced homes
- Dinuba, CA: higher priced homes
- East Palo Alto, CA: higher priced homes
- Fitchburg, WI: higher priced homes
- Franklin, IN: higher priced homes
- Fremont, NE: higher priced homes
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