Is Kankakee County, IL good for real estate investing?

Kankakee County has an investment score of 74/100, rated as "Buy". The county ranks #54 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Kankakee?

The rent-to-price ratio in Kankakee County is 7.92% annually, which ranks in the 90th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Kankakee?

The median home price in Kankakee County is $212,247. This ranks #404 in affordability among all US counties.

Can you cash flow on rental properties in Kankakee?

Based on median values with 20% down at current rates, a typical rental in Kankakee County would generate negative cash flow of $203/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Kankakee County

IllinoisPopulation: 107,421

/100

Buy

#54 of 1,000 counties

#42 in Illinois (102 counties)

Market Snapshot

$212,247

Median Home Price

9% below national median

$1,400/mo

Median Rent

7% below national median

7.92%

Rent-to-Price Ratio

Top 10% nationally

-$203

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$212,247

Down Payment (20%)$42,449

Loan Amount$169,798

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,400

Monthly P&I-$1,113

Est. Expenses (35%)-$490

Net Cash Flow-$203/mo

5.1%

Cap Rate (all cash)

-5.0%

Cash-on-Cash Return

7.92%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.1% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

74/100

Cash Flow(30%)

79/100

Based on 7.92% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

85/100

Based on 4.7% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

81/100

Price-to-income ratio of 3.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (7.92%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$203/mo)
-Negative leverage (cap rate 5.1% < mortgage rate 6.9%)

Economic Indicators

Population

107,421

Median Income

$65,489

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.2x

Moderately affordable

Compare to Nearby Counties

County					Verdict
PikeIL	75	$112,450	Est. pending	—	Strong Buy	View
ShelbyIL	75	$156,256	Est. pending	—	Strong Buy	View
WinnebagoIL	75	$195,413	$1,212	7.44%	Strong Buy	View
CurrentKankakeeIL	74	$212,247	$1,400	7.92%	Buy
TazewellIL	74	$178,135	$1,125	7.58%	Buy	View
La SalleIL	73	$184,104	$1,112	7.25%	Buy	View

The Bottom Line

BuyKankakee offers solid investment potential with good cash flow or appreciation prospects.

Kankakee County in Illinois scores 74/100, ranking #54 of 1,000 US counties (top 7%). The 7.92% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-203/mo

Cap Rate

5.1%

Cash-on-Cash

-5.0%

Ready to Analyze a Deal in Kankakee?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

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Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$212,247

Down Payment (20%)$42,449

Loan Amount$169,798

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,400

Monthly P&I-$1,113

Est. Expenses (35%)-$490

Net Cash Flow-$203/mo

5.1%

Cap Rate (all cash)

-5.0%

Cash-on-Cash Return

7.92%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.1% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

74/100

Cash Flow(30%)

79/100

Based on 7.92% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

85/100

Based on 4.7% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

81/100

Price-to-income ratio of 3.2x. Lower ratios indicate more affordable markets.

Compare to Nearby Counties

County					Verdict
PikeIL	75	$112,450	Est. pending	—	Strong Buy	View
ShelbyIL	75	$156,256	Est. pending	—	Strong Buy	View
WinnebagoIL	75	$195,413	$1,212	7.44%	Strong Buy	View
CurrentKankakeeIL	74	$212,247	$1,400	7.92%	Buy
TazewellIL	74	$178,135	$1,125	7.58%	Buy	View
La SalleIL	73	$184,104	$1,112	7.25%	Buy	View

The Bottom Line

BuyKankakee offers solid investment potential with good cash flow or appreciation prospects.

Kankakee County in Illinois scores 74/100, ranking #54 of 1,000 US counties (top 7%). The 7.92% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-203/mo

Cap Rate

5.1%

Cash-on-Cash

-5.0%