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Example household · $83,730 · same pay · 1 adult

Kankakee

Housing in Kankakee, IL: Rent, Home Prices & Property Tax

$2,322 left/mo

$1,060/mo (1 bd) in Kankakee. Median home $185,700. Property tax 2.22%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$1,060
/mo
Buy
$1,526
Mortgage, tax, insurance
Buying costs more
$466
/mo

To buy

  • 20% down payment$37,140
  • Mortgage at 7.24%$1,012
  • Property tax (2.22% of value)$344/mo · $4,123/yr
  • Insurance and upkeep$170
  • Monthly total$1,526

Months to 20% down

$2,322 left each month. About 16 months (1.3 years) to save $37,140.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

Moving from Kankakee

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