Home prices
The median home in Kankakee is valued at $88,500. It is approximately $51,040 (36%) lower in comparison to its nearby areas.Compared to the entire country it is roughly $129,000 (59%) lower, and it is about $169,500 (65%) lower in comparison to the city of Chicago.
Rents
In Kankakee the median monthly rent is $820. This is approximately $123 (13%) lower compared to its nearby areas.It is roughly $242 (22%) lower compared to the entire country, and it is approximately $292 (26%) lower compared to the city of Chicago.
Nearby places
Bradley
Bradley is Kankakee's neighbor to the north. Its housing prices are a lot more expensive. The median home value in Bradley is $135,200, which comes out to $46,700 (34%) higher than Kankakee. The rent there is a bit more expensive. In Bradley the median monthly rent is $1,043, which works out to $223 (21%) higher than Kankakee.
Aroma Park
Aroma Park is about 3 miles southeast from Kankakee. The housing prices there are a little more expensive. The median home in Aroma Park is valued at $110,300, which works out to $21,800 (19%) higher than Kankakee. Its rents are pretty similar. The median monthly rent in Aroma Park is $861, which is $41 (4%) higher than Kankakee.
Sammons Point
Sammons Point is approximately 4 miles south of Kankakee. Real estate prices there are a little more expensive. The cost of the median home in Sammons Point is $122,100, which comes out to $33,600 (27%) higher than Kankakee. The rent there is a bit more expensive. The median rent in Sammons Point is $1,094 a month, which is $274 (25%) higher than Kankakee.
Limestone
Limestone is approximately 4 miles northwest of Kankakee. Its real estate prices are a lot more expensive. The median home value in Limestone is $156,400, which works out to $67,900 (43%) higher than Kankakee. Rent there is similar. In Limestone the median rent is $798 a month, which comes out to $22 (2%) lower than Kankakee.
Bourbonnais
Bourbonnais is approximately 5 miles north of Kankakee. Its housing prices are significantly more expensive. The median home in Bourbonnais costs $173,700, which comes out to $85,200 (49%) higher than Kankakee. Rent there is somewhat more expensive. The median monthly rent in Bourbonnais is $920, which works out to $100 (10%) higher than Kankakee.
