Kankakee County, Illinois home prices
Typical home $227,163 · +6.0% in a year · property tax 2.21%
The typical home in Kankakee County is worth $227,163, 23% less than the Illinois typical home ($295,943). Values changed +6.0% in the past year and +31.7% over five years. Homeowners here pay a median 2.21% of their home's value in property tax each year ($5,032 on the typical home), versus 1.92% statewide.
Mortgage on the typical Kankakee County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,433 | $181,731 | $1,223 | $0 | $533 | $1,755 | $75,200 |
| 10% down | $22,716 | $204,447 | $1,375 | $85 | $533 | $1,993 | $85,400 |
| 5% down | $11,358 | $215,805 | $1,452 | $90 | $533 | $2,075 | $88,900 |
| 3.5% down (FHA) | $7,951 | $223,049 | $1,500 | $100 | $533 | $2,134 | $91,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.21% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois · part of the Kankakee metro area.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Clinton County | $225,207 | +6.4% | 1.83% |
| Effingham County | $218,457 | +3.5% | 1.49% |
| Woodford County | $235,906 | +8.9% | 2.13% |
| Ogle County | $238,006 | +8.4% | 2.06% |
| Champaign County | $238,398 | +5.0% | 2.06% |
| Piatt County | $242,033 | +3.1% | 1.81% |
| Winnebago County | $211,111 | +8.9% | 2.39% |
| Menard County | $209,256 | +7.0% | 1.72% |
| Jo Daviess County | $246,045 | +3.4% | 1.72% |
| Jersey County | $203,810 | +3.9% | 1.76% |
Frequently asked questions
What is the average home price in Kankakee County, IL?
The typical home value in Kankakee County is $227,163 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Kankakee County?
About $75,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Kankakee County?
The median effective rate is 2.21% of home value a year (Census ACS 2024 5-year estimates).