Kankakee, IL · Illinois
Kankakee County
ZIP 60961
106,833 residents149 permits TTM$68,325 median HHI16 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$185,700
ACS 5-Year
Cap rate proxy
6.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.9%
HUD FMR ÷ ACS HHI
Net migration
+1.21%
IRS SOI
Permits (TTM)
149
Census BPS
Climate risk
88.2
FEMA NRI (0–100)
ZIP 60961
Median home value
—
Gross yield
—
Cap rate
6.9%
Rent gap
—
Affordability
P/I: 3.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown16 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 60958 | — | — | — | 9.9% | — |
| 60915 | — | — | — | 10.8% | — |
| 60910 | — | — | — | 6.9% | — |
| 60954 | — | — | — | 7.4% | — |
| 60969 | — | — | — | 6.9% | — |
Ranked by composite score
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Demographics
Owner-occupied
68.8%
Census ACS
Vacancy rate
9.9%
Census ACS
Bachelor's degree +
20.4%
Census ACS
Rent burdened
44.9%
Census ACS (>30% income)
Median age
39.0
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026