Kankakee Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Kankakee, IL (the Kankakee-Bradley metro area) was $923 in 2019 according to the Census ACS survey.1 Average gross rent in Kankakee was $928 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Kankakee median and average rent data will be released in September of 2021.
Data is also available below for Kankakee rental vacancy rates, Kankakee rent as a percent of median income and the fraction of renters in Kankakee.
Real Gross Rent in Kankakee Illinois (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Illinois Median Gross Rent | $1,020 | +0.69% | +2.51% |
| Kankakee, IL Median Gross Rent | $923 | +4.89% | +3.71% |
Kankakee, IL Real Gross Rent Trends
At $923, real median gross rent in Kankakee was at its highest level in 2019 since the series began in 2005. At $928, real average gross rent in Kankakee was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Kankakee: Kankakee IL Median, Kankakee IL Average, Illinois Median, US Median
Real Gross Rent History for Kankakee
| Date | US Median |
Illinois Median |
Kankakee, IL Median |
Kankakee, IL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,020 | $923 | $928 |
| 2018 | $1,077 | $1,013 | $880 | $910 |
| 2017 | $1,043 | $1,004 | $817 | $883 |
| 2016 | $1,027 | $995 | $890 | $855 |
| 2015 | $1,017 | $993 | $897 | $887 |
| 2014 | $986 | $955 | $897 | $902 |
| 2013 | $953 | $932 | $836 | $803 |
| 2012 | $940 | $923 | $824 | $831 |
| 2011 | $941 | $928 | $842 | $868 |
| 2010 | $955 | $948 | $790 | $825 |
| 2009 | $960 | $944 | $883 | $859 |
| 2007 | $927 | $920 | $784 | $839 |
| 2005 | $910 | $918 | $821 | $758 |
Kankakee Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Kankakee Illinois was 3.52% according to Census ACS data.
Rental Vacancy Rate in Kankakee Illinois
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Illinois | 5.65% | -0.67% | -0.36% |
| Kankakee, IL | 3.52% | -8.92% | -5.08% |
Trends in Kankakee, IL Rental Vacancy Rate
The rental vacancy rate in Kankakee peaked in 2009 at 13.51%. Since then it has fallen by 9.99% to 3.52%. Data records for this series originated in 2005.
Rental Vacancy Rate: Kankakee IL, Illinois, US
Historical Rental Vacancy Rate data for Kankakee
| Date | US | Illinois | Kankakee, IL |
|---|---|---|---|
| 2019 | 5.97% | 5.65% | 3.52% |
| 2018 | 6.15% | 6.32% | 12.44% |
| 2017 | 6.18% | 7.02% | 8.77% |
| 2016 | 5.89% | 6.01% | 8.60% |
| 2015 | 5.85% | 6.21% | 12.41% |
| 2014 | 6.32% | 6.53% | 8.51% |
| 2013 | 6.49% | 6.16% | 5.82% |
| 2012 | 6.77% | 6.39% | — |
| 2011 | 7.40% | 7.35% | 5.88% |
| 2010 | 8.17% | 7.66% | — |
| 2009 | 8.43% | 7.84% | 13.51% |
| 2007 | 7.87% | 7.69% | 5.51% |
| 2005 | 7.74% | 9.45% | 8.80% |
Rent as a Fraction of Income
Using median household income data for Kankakee, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kankakee, median monthly gross rent as a fraction of median household income was 18.18% in 2019 according to the ACS.
Kankakee Illinois Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Illinois | 17.69% | -0.67% | -1.01% |
| Kankakee, IL | 18.18% | -1.99% | -0.40% |
Trends in Kankakee, IL Rent as a Fraction of Income
The fraction of median Kankakee household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 20.50%. Since then it has fallen by 2.31% to 18.18%.
Fraction of Income towards Rent: Kankakee IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Kankakee Illinois
| Date | US | Illinois | Kankakee, IL |
|---|---|---|---|
| 2019 | 20.03% | 17.69% | 18.18% |
| 2018 | 20.50% | 18.36% | 20.17% |
| 2017 | 20.13% | 18.55% | 16.24% |
| 2016 | 20.43% | 18.70% | 18.58% |
| 2015 | 20.63% | 18.85% | 18.85% |
| 2014 | 20.89% | 18.91% | 17.47% |
| 2013 | 20.78% | 18.89% | 19.15% |
| 2012 | 20.65% | 18.89% | 17.99% |
| 2011 | 20.70% | 19.36% | 20.50% |
| 2010 | 20.50% | 19.21% | 18.94% |
| 2009 | 20.12% | 18.41% | 18.29% |
| 2007 | 18.66% | 17.36% | 17.24% |
| 2005 | 18.89% | 17.52% | 17.11% |
Renter Fraction in Kankakee Illinois
You can calculate the renter fraction in Kankakee in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Kankakee as a fraction of total Kankakee households. In 2019 33.63% of households were renters according to Census ACS data.
Kankakee Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Illinois | 33.99% | -0.02% | -0.75% |
| Kankakee, IL | 33.63% | +0.77% | +2.00% |
Trends in the Kankakee, IL Renter Fraction
At 33.63%, the 2019 household based renter fraction in Kankakee was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Kankakee IL, Illinois, US
History of Kankakee Renter Fraction
| Date | US | Illinois | Kankakee, IL |
|---|---|---|---|
| 2019 | 35.89% | 33.99% | 33.63% |
| 2018 | 36.05% | 34.01% | 32.86% |
| 2017 | 36.13% | 33.82% | 31.08% |
| 2016 | 36.88% | 34.74% | 31.63% |
| 2015 | 36.97% | 34.72% | 32.06% |
| 2014 | 36.90% | 34.51% | 31.00% |
| 2013 | 36.50% | 34.06% | 32.51% |
| 2012 | 36.09% | 33.40% | 30.73% |
| 2011 | 35.42% | 32.65% | 29.34% |
| 2010 | 34.65% | 32.27% | 32.95% |
| 2009 | 34.13% | 32.00% | 31.07% |
| 2007 | 32.80% | 29.94% | 28.45% |
| 2005 | 33.10% | 30.13% | 28.29% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
