Why Live in Kankakee
Kankakee, Illinois, located 60 miles south of downtown Chicago, offers a quieter lifestyle compared to the bustling city and its suburbs. With a population of just over 24,000, Kankakee is known for its access to the Kankakee River and numerous parks, including over a dozen riverfront parks with boat launch access. The Kankakee Valley Park District operates more than 30 parks, featuring amenities like the Ice Valley Centre Ice Arena, pickleball and basketball courts, and River Run Dog Park. The Riverview Historic District showcases homes from the late 1800s and early 1900s, including two Frank Lloyd Wright-designed houses. Unlike other historic districts, Riverview does not enforce strict renovation rules, encouraging residents to maintain their homes with care. Downtown Kankakee features older buildings, with the Executive Center housing offices and a branch of the Kankakee Public Library. The area hosts a farmers’ market from May to October and the Merchant Street MusicFest in July. Schuyler Avenue is lined with locally owned businesses, boutiques, and restaurants, while larger chain stores are found at Meadowview Shopping Center and Riverstone Plaza. Public transportation is provided by the River Valley Metro Mass Transit District, with bus services extending to nearby communities. Amtrak connects Kankakee to Chicago and Champaign, and the Greater Kankakee Airport serves general aviation needs.
Home Trends in Kankakee, IL
On average, homes in Kankakee, IL sell after 37 days on the market compared to the national average of 50 days. The median sale price for homes in Kankakee, IL over the last 12 months is $165,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$165,000
Median Single Family Sale Price
$165,000
Median 2 Bedroom Sale Price
$67,000
Median 1 Bedroom Sale Price
$54,000
Average Price Per Sq Ft
$117
Number of Homes for Sale
86
Last 12 months Home Sales
350
Median List Price
$169,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%