The typical owner-occupied home in Kankakee County is worth about $192,600, 27% below the Illinois median of $263,300 and 42% below the national median of $332,700. Owners pay a median $4,266 a year in property taxes, about 2.21% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $71,281 a year, so the median home costs 2.7 times the median income (3.2 times for Illinois). 70% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Kankakee County at a glance
| Kankakee County | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $192,600 | $263,300 | $332,700 |
| Median property tax paid per year | $4,266 | $5,298 | $3,119 |
| Property tax as a share of value | 2.21% | 2.01% | 0.94% |
| Median household income | $71,281 | $83,390 | $80,734 |
| Homes lived in by their owners | 70% | 67% | 65% |
| Owner homes with a mortgage | 58% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,649 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.6% | 21.0% |
| Median rent | $1,097 | $1,274 | $1,413 |
| Rent as a share of renters' income | 28.5% | 29.1% | 30.6% |
| Median year homes were built | 1972 | 1971 | 1980 |
| Vacant homes | 9.7% | 7.7% | 10.1% |
| Population | 106,635 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Kankakee County
At this week's average 30-year rate of 7.11%, buying the median Kankakee County home of $192,600 with 20% down costs about $1,471 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,792, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $63,063 for the 20%-down payment. That payment is 25% of the median Kankakee County household income of $71,281; at that income and 20% down, the 28% guideline points to a home of about $218,000.
The median rent here is $1,097 a month, so owning the median home costs about $374 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,520 |
|---|---|
| Loan amount | $154,080 |
| Principal and interest | $1,037 |
| Property taxes (2.21% a year) | $355 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| PMI | $0 |
| Total per month | $1,471 |
Change the numbers in the calculator
| Down payment | $6,741 |
|---|---|
| Loan amount | $189,112 |
| Principal and interest | $1,272 |
| Property taxes (2.21% a year) | $355 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| FHA mortgage insurance | $85 |
| Total per month | $1,792 |
Change the numbers in the calculator
Questions about home buying in Kankakee County
What is the median home value in Kankakee County?
About $192,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kankakee County?
Homeowners pay a median $4,266 a year, which is about 2.21% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Kankakee County?
For the median home with 20% down at 7.11%, the payment is about $1,471 a month. Keeping that under 28% of gross income takes about $63,063 a year.
More about Kankakee County
- Mortgage Refinance in Kankakee County
- Debt Relief in Kankakee County
- Home Equity Loans in Kankakee County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data