Kankakee, IL
Kankakee, IL real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.
Appreciation
: 2.9%/yr.
Rent growth
: 3.0%/yr.
Median cap rate
: 4.4%.
Median IRR
: 4.8%.
Median rental home value
: $150,400.
Median rental rate
: $1,097/mo.
Median property tax
: $4,266/yr.
Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated October 2026.
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