Metropolitan market · Illinois · June 2026 data
Kankakee Real Estate Market
The Kankakee, IL housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Kankakee report in a click.
Median listing price, Kankakee IL · trailing 8 quarters · source: public records and industry data.
10-year median listing price, Kankakee IL · June of each year, 2017–2026 · source: public records and industry data.
As of June 2026, the median home listed in Kankakee, IL asks $264,700 — up 3.7% from a year ago. Homes are taking a median of 45 days to go under contract, and 12% of the 146 active listings have taken a price cut, which points to a balanced market. Figures cover the Kankakee, IL metro area. Based on public records and industry data, updated monthly.
Kankakee scores 77/100 on our composite Investor Score (#29 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 50% over five years and +80% over ten, leaving prices 59% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,326/mo for a two-bedroom, the gross rental yield on the median listing is about 6.0%; active inventory sits at 43% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 3.7% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Kankakee ranks on the trending markets index.
Principal & interest on the $264,700 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
Send a branded Kankakee market report to your clients.
Top agents in Kankakee
The producers moving the most volume in Kankakee.
View DirectoryTop teams
The groups setting production records nationwide.
View LicensingGet licensed in Illinois
Hours, exam and the commission that regulates Illinois agents.
Read IncomeAgent salary in Illinois
What real estate agents actually earn across Illinois.
Read