Investor-grade market analytics for Kankakee, Illinois. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.
$228,871
+6.3% year-over-year
7.4%
gross annual
+6.1%
base case (Zillow ZHVF)
+6.1% year-over-year
50/100
ModerateNet migration: Top 24% nationally
In-migrants avg $53,762 AGI vs out-migrants $52,055
Opportunity Zone Market
1 ZIP codes in Kankakee are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Kankakee, IL is experiencing strong growth with 6.3% year-over-year appreciation, indicating a seller's market with robust demand. Affordability remains favorable with a price-to-income ratio of 3.35x, below the national average of 4.8x. Modest net positive migration (+159 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 7.39% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Kankakee, IL's primary climate exposure is flooding (50/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.