Rental numbers for the Kankakee, IL metro
The typical home here runs -$719 a month at 7.78% with 25% down, breaking even at about 0.4%. 0 of 2 ZIP codes with full Zillow data in this metro 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
- -$719/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 the metro
15 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 |
| 60922Sammons Point | $220,000 | $1,210* | 6.6% | 2.2% | -$784 | 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
- +6.0%
- Rent, 12 months
- +4.7%
- Rent minus price growth
- -1.4 pts
- Property tax
- 1.99%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $173,419 | $1,032 |
| Aug 2022 | $187,771 | $1,112 |
| Aug 2023 | $195,334 | $1,175 |
| Aug 2024 | $206,640 | $1,244 |
| Aug 2025 | $213,881 | $1,330 |
| Aug 2026 | $226,806 | $1,392 |
Counties
- Kankakee County, IL7.7% median yield
- Iroquois County, ILn/a median yield
Tools
Questions
- Is the Kankakee, IL metro good for rental property?
- The typical home here runs -$719 a month at 7.78% with 25% down, breaking even at about 0.4%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.7%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Kankakee, IL metro have the highest rental yield?
- 60901 (Kankakee) at 9.4%, 60914 (Bourbonnais) at 5.9%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.