Kankakee, IL Metro Area - Investment Guide
Metro Area • 12 Cities • 13 ZIP Codes
Avg Home Value
$243,972
Avg Monthly Rent
$1,243
Avg Cap Rate
4.28%
Avg Investability
2.9 ★
Cities
12
ZIP Codes
13
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Kankakee, IL Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
11.3%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Kankakee, IL
Every ZIP in the metro, ranked four ways. Free.
Cities in Kankakee, IL
Bonfield
Illinois
1 ZIPs
Bourbonnais
Illinois
1 ZIPs
Bradley
Illinois
1 ZIPs
Buckingham
Illinois
1 ZIPs
Essex
Illinois
1 ZIPs
Grant Park
Illinois
1 ZIPs
Herscher
Illinois
1 ZIPs
Hopkins Park
Illinois
1 ZIPs
Kankakee
Illinois
2 ZIPs
Manteno
Illinois
1 ZIPs
Momence
Illinois
1 ZIPs
Reddick
Illinois
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 60958 | Hopkins Park | IL | $95,555 | $1,017 | 8.30% | |
| 60958 | Hopkins Park | IL | $95,555 | $1,017 | 8.30% | |
| 60917 | Buckingham | IL | $270,659 | $1,152 | 3.32% | |
| 60954 | Momence | IL | $181,601 | $1,017 | 4.37% | |
| 60913 | Bonfield | IL | $307,889 | $1,179 | 2.99% | |
| 60935 | Essex | IL | $298,569 | $1,296 | 3.39% | |
| 60958 | Hopkins Park | IL | $113,961 | $1,017 | 6.96% | |
| 60961 | Reddick | IL | $251,104 | $1,404 | 4.36% | |
| 60914 | Bourbonnais | IL | $290,054 | $1,500 | 4.03% | |
| 60940 | Grant Park | IL | $301,184 | $1,278 | 3.31% | |
| 60915 | Bradley | IL | $176,833 | $1,588 | 7.00% | |
| 60941 | Herscher | IL | $266,669 | $1,179 | 3.45% | |
| 60950 | Manteno | IL | $321,268 | $1,225 | 2.97% | |
| 60901 | Kankakee | IL | $161,402 | $1,178 | 5.69% | |
| 60917 | Buckingham | IL | $251,331 | $1,152 | 3.58% | |
| 60935 | Essex | IL | $280,165 | $1,296 | 3.61% | |
| 60954 | Momence | IL | $182,421 | $1,017 | 4.35% | |
| 60913 | Bonfield | IL | $321,256 | $1,179 | 2.86% | |
| 60940 | Grant Park | IL | $283,797 | $1,278 | 3.51% | |
| 60958 | Hopkins Park | IL | $124,304 | $1,017 | 6.38% | |
| 60961 | Reddick | IL | $262,554 | $1,404 | 4.17% | |
| 60914 | Bourbonnais | IL | $303,056 | $1,511 | 3.89% | |
| 60941 | Herscher | IL | $250,856 | $1,179 | 3.67% | |
| 60950 | Manteno | IL | $306,861 | $1,163 | 2.95% | |
| 60901 | Kankakee | IL | $152,956 | $1,154 | 5.89% | |
| 60915 | Bradley | IL | $184,994 | $1,588 | 6.69% | |
| 60917 | Buckingham | IL | $268,797 | $1,152 | 3.34% | |
| 60954 | Momence | IL | $173,630 | $1,017 | 4.57% | |
| 60913 | Bonfield | IL | $299,510 | $1,179 | 3.07% | |
| 60935 | Essex | IL | $291,216 | $1,296 | 3.47% | |
| 60958 | Hopkins Park | IL | $130,948 | $1,017 | 6.06% | |
| 60914 | Bourbonnais | IL | $287,598 | $1,483 | 4.02% | |
| 60940 | Grant Park | IL | $298,805 | $1,278 | 3.34% | |
| 60961 | Reddick | IL | $243,190 | $1,404 | 4.50% | |
| 60915 | Bradley | IL | $171,664 | $1,400 | 6.36% | |
| 60941 | Herscher | IL | $261,984 | $1,179 | 3.51% | |
| 60950 | Manteno | IL | $319,127 | $1,225 | 2.99% | |
| 60901 | Kankakee | IL | $160,723 | $1,164 | 5.65% | |
| 60917 | Buckingham | IL | $246,912 | $1,152 | 3.64% | |
| 60935 | Essex | IL | $276,346 | $1,296 | 3.66% | |
| 60954 | Momence | IL | $184,391 | $1,017 | 4.30% | |
| 60913 | Bonfield | IL | $321,297 | $1,179 | 2.86% | |
| 60940 | Grant Park | IL | $279,666 | $1,278 | 3.56% | |
| 60958 | Hopkins Park | IL | $113,682 | $1,017 | 6.98% | |
| 60961 | Reddick | IL | $258,241 | $1,404 | 4.24% | |
| 60914 | Bourbonnais | IL | $300,543 | $1,478 | 3.83% | |
| 60941 | Herscher | IL | $249,472 | $1,179 | 3.69% | |
| 60950 | Manteno | IL | $307,019 | $1,163 | 2.95% | |
| 60901 | Kankakee | IL | $152,956 | $1,154 | 5.89% | |
| 60915 | Bradley | IL | $184,246 | $1,588 | 6.72% |
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About Kankakee, IL Real Estate Market
The Kankakee, IL metropolitan statistical area (MSA) encompasses 12 cities and 13 ZIP codes. The average home value across the metro is $243,972, with an average monthly rent of $1,243. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.