Home Values

Kankakee Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$73,600

  • -5.5% 1-year change
  • 1.9% 1-year forecast

The median home value in Kankakee is $73,600. Kankakee home values have declined -5.5% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Kankakee is None. The median rent price in Kankakee is $825.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Kankakee is 6.8%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Kankakee homeowners underwater on their mortgage is 30.2%.

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Relative ZHVI
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Kankakee Market Overview

Data through Mar 31, 2015
  • $73,600 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $91,500 Median sale price (Feb 28, 2015)
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Kankakee Market Health

Data through Mar 31, 2015
  • 0.0/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 30.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 6.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Peotone $178,100
Manteno $173,600
Bourbonnais $161,400
Name Median ZHVI
Herscher $136,600
Limestone $120,000
Bradley $99,300
Name Median ZHVI
Momence $98,800
Saint Anne $78,000
 

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
52.6%
Sold below listing
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Kankakee Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,291 Kankakee
    $1,362 Kankakee Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $825 Rent list price
  • $0.73 Rent list price / sq ft
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