Real Estate Investing in Grant Park, Illinois

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1 ZIP codes • Population: 3,509 • Kankakee County

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Should you buy in Grant Park, IL? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Grant Park, IL?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.7% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $301,184
Avg Monthly Rent $1,278
ZIP Codes 1

Investing in Grant Park Real Estate

Across Grant Park's 1 ZIPs, the picture is subdued: $301K median values, $1,278/mo rents, and a population that has faced real economic pressure.

firmly Grant Park's aggregate rating of ★★★☆☆ reflects subdued investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Rent trends and price trends in Grant Park are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Illinois.

Demographics in Grant Park show real pressure — median income of $N/AK is sluggish relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Kankakee, IL

Grant Park is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$301,184
Avg Monthly Rent
$1,278
1% Rule
✗ Below
Landlord Friendly (IL)

📉 Market Crash Risk Index

Based on Kankakee, IL metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
45%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Kankakee, IL metro
0
Days to pending
11.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Grant Park, IL

Screen every ZIP in Grant Park

Filter Grant Park’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Grant Park, IL

Is Grant Park, IL a friendly market for rental owners?

Grant Park, IL operates under IL law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.

Is Grant Park in IL worth investing in?

Grant Park, IL scores 3.0/5 for investability. Home values sit at $301K and rents near $1,278/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

What is the renter demographic in Grant Park, IL?

Tenant demand in Grant Park, IL is solid. The local workforce $1,278/mo rents across most rental classes.

What do rentals go for in Grant Park, IL?

Grant Park, IL rentals go for roughly $1,278/mo a month. That puts gross yield in solid territory relative to $301K acquisition costs.

Is housing expensive in Grant Park, IL?

Expect median prices around $301K in Grant Park, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.

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