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Kankakee County, IL

RANK #64 / 996  ·  POP 107,421  ·  IL

PROJECTED GROWTH: +3.2%

Kankakee County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Kankakee County?

The Kankakee River, a National Water Trail, defines Kankakee County, offering 57 miles of scenic beauty and recreation. Located about 50 miles south of Chicago, the county provides a blend of rural and urban settings. Towns like Bourbonnais and Manteno offer community living, while the city of Kankakee serves as the county seat. Commuting to Chicago is possible via Amtrak or bus services to Metra. The 4,000-acre Kankakee River State Park provides extensive opportunities for hiking, biking, fishing, canoeing, and camping amidst limestone bluffs and diverse wildlife.

Life in Kankakee County offers a lower cost of living compared to larger metropolitan areas, making homeownership more accessible. The area attracts families and individuals seeking a balanced lifestyle with access to nature and community amenities. Public schools in the county generally receive positive assessments. The local economy is experiencing growth, particularly in sectors such as manufacturing, healthcare, logistics, and skilled trades, supported by ongoing investments. Educational institutions like Kankakee Community College and Olivet Nazarene University contribute to workforce development and community life.

[02] Market Snapshot

Housing Ratio
2.8x

Undervalued relative to economy

GDP Growth
+4.1%

Well above national median

Home Prices
+5.2%

Outpacing national median

Climate & Terrain
-3.3

Harsh climate or flat terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Kankakee County U.S. National

The Numbers

DEMOGRAPHICS
Population
107,421
-0.63% YoY
Median Household Income
$65,489
Median Home Value
$176,800
+5.24% 12mo
Median Rent
$1,025
Average Annual Pay
$55,890
+5.1% YoY
Employment
42,231
+0.3% YoY
Income-to-Home-Value
0.3704
More affordable than average
Migration Inflow
2.92%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$204,250
Days on Market
78
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
96.0%
Negotiation room for buyers
Sold Above List
16.4%
Listings w/ Price Drops
18.8%
Building Permits (2024)
139
Single-Family Permits
95

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$4,858M
TOTAL
PROJECT AMOUNT STATUS
Gotion Lithium Battery Gigafactory
Gotion
$2,000M Under Construction
CSL Behring Manufacturing Expansion
CSL Behring
$1,500M Under Construction
Heritage Prairie Wind & Solar Project
Pattern Energy & Repsol Renewables North America
$900M Planned
IDOT Major Road and Interchange Improvements
Illinois Department of Transportation (IDOT)
$264M Under Construction
Acciona Kankakee Solar Project
Acciona
$144M Planned
Community Solar Portfolio
Various (e.g., Cenergy, Pivot Energy, Nexamp, Clearway Energy Group)
$50M Operating/Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.1% 75 percentile
Population Growth -0.6% 8 percentile
Income Growth +6.2% 9 percentile
Vacancy Rate 1.2% 41 percentile
Home Price Change +5.2% 91 percentile
Rent Growth +4.9% 78 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Kankakee County, IL a good place to move to?

Kankakee County has a Boom Town Index score of 94/100, ranking #64 among 996 U.S. counties. With job growth at +0.3% and a median household income of $65,489, it's an above-average county on economic indicators.

Is Kankakee County affordable?

The median home value in Kankakee County is $176,800 with median rent at $1,025/month. The income-to-home-value ratio is 0.3704, which is more affordable than the national average.

Is Kankakee County growing or shrinking?

Population growth: -0.6% year-over-year. Job growth: +0.3%. Home values changed +5.2% in the past 12 months.

Are people moving to Kankakee County?

Yes — 2.92% of Kankakee County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99