Investor-grade market analytics for Kankakee, Illinois. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$212,257
+4.7% year-over-year
7.9%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Kankakee, IL shows steady growth at 4.7% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 3.11x, below the national average of 4.8x. Modest net positive migration (+230 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 7.91% 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.