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Home appreciation in Kankakee, IL

Over the five years ending 2025, home prices in Kankakee, IL grew an average of 8.4% a year.

Price growth at a glance

1-year

+3.5%

2025 over 2024. Illinois: +6.6%.

5-year, per year

+8.4%

Average annual growth, 2020 to 2025. Illinois: +8.3%.

10-year, per year

+5.7%

+74.1% in total since 2015. Illinois: +5.5%.

How does your home compare?

Kankakee, IL home prices rose 74.1% over the ten years to 2025, while its ZIP codes ranged from +59.4% to +81.0%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Kankakee, IL compares with Illinois

The metro and its state moved almost together over that window. For five-year price growth, Kankakee, IL ranks 271st out of 409 metros nationwide and 6th out of 10 in Illinois.

Index, 2005 = 100

Kankakee, IL and Illinois, quarterly house price index rebased to 100 in 2005.
YearKankakee, ILIllinois
2005 Q1100100
2005 Q2102102
2005 Q3104104
2005 Q4106106
2006 Q1108108
2006 Q2109109
2006 Q3110109
2006 Q4112111
2007 Q1113111
2007 Q2114111
2007 Q3113110
2007 Q4115110
2008 Q1115110
2008 Q2115108
2008 Q3112104
2008 Q4112104
2009 Q1114103
2009 Q2111100
2009 Q310997
2009 Q410896
2010 Q110895
2010 Q210594
2010 Q310794
2010 Q410594
2011 Q110591
2011 Q210289
2011 Q310089
2011 Q410289
2012 Q19888
2012 Q29887
2012 Q39788
2012 Q49888
2013 Q19887
2013 Q29888
2013 Q39788
2013 Q49688
2014 Q19489
2014 Q29590
2014 Q39692
2014 Q49892
2015 Q19693
2015 Q29894
2015 Q39894
2015 Q49895
2016 Q19995
2016 Q29896
2016 Q310098
2016 Q410298
2017 Q110097
2017 Q210099
2017 Q3103100
2017 Q4102100
2018 Q1103101
2018 Q2103101
2018 Q3106102
2018 Q4107101
2019 Q1107102
2019 Q2110104
2019 Q3111105
2019 Q4111105
2020 Q1111106
2020 Q2113106
2020 Q3114107
2020 Q4116109
2021 Q1120110
2021 Q2123115
2021 Q3127119
2021 Q4134122
2022 Q1139125
2022 Q2142132
2022 Q3145134
2022 Q4146132
2023 Q1144134
2023 Q2146139
2023 Q3156142
2023 Q4158143
2024 Q1160145
2024 Q2162150
2024 Q3167152
2024 Q4168153
2025 Q1167155
2025 Q2169159
2025 Q3170162
2025 Q4173163
2026 Q1179164
2026 Q2179169

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +5.7% a year over ten years, +74.1% in total.

Over this history, home prices peaked in 2007, fell 15.8% to its 2014 low, and regained the 2007 level in 2021.

The strongest year was 2022 at +13.6%, and the weakest was 2012 at -4.7%.

In 2025 alone the index moved +3.5%, against +6.6% for the state.

ZIP codes in Kankakee, IL

Over the ten years to 2025, the 8 ZIP codes FHFA measures in this metro ranged from +59.4% in 60954 to +81.0% in 60915, while the metro as a whole rose 74.1%.

ZIP codes in Kankakee, IL ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
60915+10.6%+8.7%+6.1%+81.0%
60901+1.1%+8.5%+5.7%+73.9%
60940-2.7%+8.1%+5.5%+70.3%
60941-2.6%+6.8%+5.3%+66.9%
60950+0.9%+7.5%+5.1%+64.5%
60964+4.9%+8.4%+5.1%+63.8%
60914+3.2%+7.6%+5.0%+63.4%
60954+3.5%+7.5%+4.8%+59.4%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Kankakee, IL and Illinois, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006106.5+6.5%105.6
2007110.3+3.5%107.2
2008109.7-0.5%103.0
2009107.0-2.5%96.1
2010103.1-3.7%91.1
201199.3-3.6%86.7
201294.7-4.7%85.0
201394.2-0.5%85.2
201492.9-1.4%87.8
201594.7+1.9%90.9
201696.6+2.1%93.6
201798.1+1.5%95.9
2018101.3+3.3%97.9
2019106.2+4.8%100.7
2020110.1+3.7%103.6
2021122.1+10.9%112.7
2022138.7+13.6%126.6
2023146.6+5.7%134.8
2024159.2+8.6%145.1
2025164.8+3.5%154.7

The 10 measured metros in Illinois

Measured metros in Illinois ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Rockford, IL+8.3%+11.1%+7.4%
2Elgin, IL (metropolitan division)+6.5%+9.4%+6.4%
3Lake County, IL (metropolitan division)+7.6%+9.2%+5.4%
4Bloomington, IL+3.9%+9.1%+4.8%
5Champaign-Urbana, IL+6.3%+8.8%+5.3%
6Kankakee, IL+3.5%+8.4%+5.7%
7Chicago-Naperville-Schaumburg, IL (metropolitan division)+6.6%+8.1%+5.5%
8Decatur, IL+4.5%+7.9%+4.7%
9Peoria, IL+6.6%+7.6%+4.1%
10Springfield, IL+5.7%+7.6%+4.4%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Illinois row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

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Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2