Land and home values in Kankakee, IL
Kankakee is a city in Kankakee County, Illinois, home to about 23,996 people. Residential land runs about $1.99 per sq ft, the typical home is worth about $121,000, and a 2-bedroom rents for about $1,250 a month, as of October 12, 2026.
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| Land: residential | $1.99 | per sq ft |
| Land: residential | $86,728 | per acre |
| Land: quarter-acre lot | $21,682 | 10,890 sq ft |
| Home: typical (median) | $121,000 | value |
| Home: entry-level | $97,400 | lower quartile |
| Home: upper-end | $184,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $969 | per month |
| Rent: 2-bedroom | $1,250 | per month |
| Rent: 3-bedroom | $1,660 | per month |
| Rent: 4-bedroom | $1,690 | per month |
| Gross yield, 2-bed | 12.4% | a year |
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Questions people ask
How much is land worth in Kankakee, IL?
Residential land in Kankakee, IL is about $1.99 per square foot, or $86,728 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $21,682. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Kankakee, IL?
The typical (median) home in Kankakee, IL is worth about $121,000, with entry-level homes around $97,400 and upper-end homes around $184,000, as of October 2026.
How much is rent in Kankakee, IL?
A 2-bedroom rents for about $1,250 a month in Kankakee, IL, a 1-bedroom about $969 and a 3-bedroom about $1,660 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.