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Learn about the people, housing, costs and businesses in Kankakee
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Kankakee.
True all-in cost — P&I, taxes, insurance & utilities for homes in Kankakee.
Find and compare lenders active near Kankakee.
FEMA flood zones and flood insurance estimates for Kankakee.
Seismic risk and earthquake insurance estimates for Kankakee.
Wildfire exposure and insurance estimates for Kankakee.
Mortgage rates for Kankakee are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.
View current rates for KankakeeThe median home value in Kankakee is $192k. The median monthly rent is $1,116. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Kankakee have increased 14.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $1,181/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kankakee is $77k/year.
Calculate your buying powerThe largest employment sectors in Kankakee are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.