Rental numbers for Kankakee County, IL
The typical home here runs -$761 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.7%.
- Gross yield
- 7.4%
- typical home, Zillow
- Median ZIP yield
- 7.7%
- 2 ZIPs with full data
- Cash flow
- -$761/mo
- at 7.78%, 25% down
- Typical price
- $227,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,392/mo
- Zillow ZORI, Aug 2026
ZIP codes in Kankakee County
14 with published figures
| 60958Hopkins Park | $116,000 | $1,130* | 11.7% | 6.1% | -$34 | n/a |
| 60901Kankakee | $161,000 | $1,266 | 9.4% | 3.8% | -$352 | +1.8% |
| 60910Kankakee | $152,000 | $1,140* | 9.0% | 3.5% | -$373 | n/a |
| 60915Bradley | $187,000 | $1,360* | 8.7% | 3.4% | -$482 | n/a |
| 60954Momence | $184,000 | $1,130* | 7.4% | 2.7% | -$583 | n/a |
| 60961Reddick | $261,000 | $1,560* | 7.2% | 3.0% | -$753 | n/a |
| 60964Saint Anne | $220,000 | $1,130* | 6.2% | 1.6% | -$894 | n/a |
| 60941Herscher | $265,000 | $1,310* | 5.9% | 1.4% | -$1,129 | n/a |
| 60914Bourbonnais | $302,000 | $1,485 | 5.9% | 1.4% | -$1,268 | +2.7% |
| 60935Essex | $296,000 | $1,440* | 5.9% | 1.9% | -$1,135 | n/a |
| 60917Buckingham | $269,000 | $1,280* | 5.7% | 1.1% | -$1,193 | n/a |
| 60940Grant Park | $301,000 | $1,420* | 5.7% | 1.5% | -$1,258 | n/a |
| 60913Bonfield | $326,000 | $1,310* | 4.8% | 0.8% | -$1,546 | n/a |
| 60950Manteno | $320,000 | $1,220* | 4.6% | 0.1% | -$1,707 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +6.1%
- Rent, 12 months
- +4.7%
- Rent minus price growth
- -1.4 pts
- Property tax
- 2.21%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $173,326 | $1,032 |
| Aug 2022 | $187,685 | $1,112 |
| Aug 2023 | $195,261 | $1,175 |
| Aug 2024 | $206,577 | $1,244 |
| Aug 2025 | $213,791 | $1,330 |
| Aug 2026 | $226,790 | $1,392 |
HUD Fair Market Rent
FY2027, Kankakee, IL MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $939 | $1,031 | $1,349 | $1,775 | $1,876 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 2.9
- 119 units, last 12 months
- National percentile
- 34th
- among US counties
Tools
Test a listing in Kankakee County against today's rate.
Open the calculatorPart of the Kankakee, IL metro.
Questions
- Is Kankakee County good for rental property?
- The typical home here runs -$761 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.7%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Kankakee County?
- About 2.21% of value, from Census ACS median taxes paid over median home value. On a $227,000 home that is about $5,023 a year.
- What is Fair Market Rent in Kankakee County?
- HUD's FY2027 Fair Market Rent here is $1,031 for a 1-bedroom, $1,349 for a 2-bedroom and $1,775 for a 3-bedroom. Typical cash flow at today's rate is -$761 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.