Above, you'll find an overview of the real estate market in Kankakee, IL. Generally, real estate in the Kankakee, IL area is more affordable in Illinois, as the median price of a home in Kankakee, IL is $87,800, which is 50% lower than the Illinois average. The median rental price in Kankakee, IL is $777. This is 16% lower than the average rental price in Illinois. Home owners comprise 49.7% of the population of Kankakee, IL, where an average of 2.7 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Kankakee, IL. Below, you can search for real estate listings in Kankakee, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.