Foreclosure Homes in Kankakee, IL

Current Market Conditions in Kankakee, IL

The real estate market in Kankakee remains stable, with a growing demand for single-family homes in both urban and suburban settings. Over the past year, the market has seen a steady appreciation in home values, encouraging both buyers and investors.

Kankakee's affordability continues to attract young professionals and families, drawn by its competitive housing prices and access to quality amenities and schools.

Rent Prices In Kankakee, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kankakee, IL, is on a rollercoaster ride. The average rent price in Kankakee, IL, is $1,210.00. Indeed, when looking to rent in Kankakee, IL, you can expect to pay as little as $500.00 or as much as $2,930.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Kankakee, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.