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Kankakee County, IL

Bourbonnais

RANK #12 / 996 NAT  ·  #2 / 28 IL  ·  POP 107,421

1YR FORECAST: +5.3%

5YR OUTLOOK: +45%

#12 Best for Investment
Our model projects Kankakee County's housing market to grow +5.3% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    Riverside Healthcare Healthcare
    2,500+
  2. 2
    CSL Behring Manufacturing
    1,000+
  3. 3
    Van Drunen Farms Agriculture
    500+
  4. 4
    Olivet Nazarene University Education
  5. 5
    All Star Management Other
    250+
  6. 6
    Nucor Steel Manufacturing
  7. 7
    Kankakee Community College Education
  8. 8
    Illinois Veteran's Home Government
  9. 9
    Illinois Army National Guard Military
  10. 10
    Midwest Transit Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
20.3%
of residents (national avg: 33%)

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] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.8
per 100K · nat avg 6.3
Firearm Fatalities
13.1
per 100K · nat avg 14.8
Injury Deaths
90.0
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Kankakee County ranks #12 out of 996 U.S. counties on the Boom Town Index with a score of 99/100, placing it in the top tier nationally. Median household income is $65,489 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Kankakee County affordable?

By national standards, Kankakee County is quite affordable. Homes here have a median value of $176,800, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $1,025/month. Residents can generally buy a home without being cost-burdened.

Is Kankakee County growing or shrinking?

Kankakee County is losing population (-0.6% YoY) while the job market is essentially flat (+0.3% employment change). Home values are +5.2% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Kankakee County?

There's a moderate stream of newcomers. About 2.92% of residents moved from another state, which is above average and suggests Kankakee County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Kankakee County?

Home values climbed +5.2% year-over-year, which is a solid pace of appreciation. The median home in Kankakee County is now valued at $176,800. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Adams County, IL 99 Vermilion County, IL 98 Winnebago County, IL 98 Macon County, IL 97 Tazewell County, IL 97 LaSalle County, IL 96 Dodge County, WI 99 Buchanan County, MO 99