Department of Numbers

Kankakee County Illinois Residential Rent and Rental Statistics

The median monthly gross residential rent in Kankakee County IL was $792 in 2017 according to the Census ACS survey.1 Average gross rent in Kankakee County was $856 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Kankakee County median and average rent data will be released in September of 2019.

Data is also available below for Kankakee County rental vacancy rates, Kankakee County rent as a percent of median income and the fraction of renters in Kankakee County.

Show dollars as: Nominal Real

Real Gross Rent in Kankakee County Illinois (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Illinois Median Gross Rent $974 +0.93% +5.07%
Kankakee County IL Median Gross Rent $792 -8.23% -8.97%

Kankakee County IL Real Gross Rent Trends

Median gross rent for Kankakee County peaked in real terms in 2014 at $870 and is now $78 (8.97%) lower. Average gross rent for Kankakee County peaked in real terms in 2014 at $874 and is now $18 (2.06%) lower.

Real Gross Rent: Kankakee County IL Median, Kankakee County IL Average, Illinois Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Kankakee County

Date US
Median
Illinois
Median
Kankakee County IL
Median
Kankakee County IL
Average
2017 $1,012 $974 $792 $856
2016 $996 $965 $863 $830
2015 $987 $963 $870 $860
2014 $956 $927 $870 $874
2013 $924 $904 $811 $779
2012 $912 $896 $800 $806
2011 $912 $900 $817 $842
2010 $927 $919 $766 $800
2009 $931 $915 $857 $833
2008 $947 $932 $839 $828
2007 $899 $892 $760 $814
2006 $909 $906 $775 $847

Kankakee County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Kankakee County Illinois was 8.77% according to Census ACS data.

Rental Vacancy Rate in Kankakee County Illinois

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Illinois 7.02% +1.01% +0.49%
Kankakee County IL 8.77% +0.17% +0.26%

Trends in Kankakee County IL Rental Vacancy Rate

The rental vacancy rate in Kankakee County peaked in 2009 at 13.51%. Since then it has fallen by 4.74% to 8.77%. Data records for this series originated in 2005.

Rental Vacancy Rate: Kankakee County IL, Illinois, US

Rental vacancy rate in Illinois

Historical Rental Vacancy Rate data for Kankakee County

Date US Illinois Kankakee County IL
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%
2008 7.86% 6.87% 4.01%
2007 7.87% 7.69% 5.51%
2006 7.70% 8.69%

Rent as a Fraction of Income

Using median household income data for Kankakee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kankakee County, median monthly gross rent as a fraction of median household income was 16.24% in 2017 according to the ACS.

Kankakee County Illinois Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Illinois 18.55% -0.15% -0.35%
Kankakee County IL 16.24% -2.34% -1.24%

Trends in Kankakee County IL Rent as a Fraction of Income

The fraction of median Kankakee County 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 4.26% to 16.24%.

Fraction of Income towards Rent: Kankakee County IL, Illinois, US

Percent of median household income going towards median monthly gross rent in Kankakee County Illinois

Historical Data for Annual Rent as a Fraction of Income in Kankakee County Illinois

Date US Illinois Kankakee County IL
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%
2008 19.00% 17.31% 17.33%
2007 18.66% 17.36% 17.24%
2006 18.90% 17.56% 15.47%

Renter Fraction in Kankakee County Illinois

You can calculate the renter fraction in Kankakee County 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 County as a fraction of total Kankakee County households. In 2017 31.08% of households were renters according to Census ACS data.

Kankakee County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Illinois 33.82% -0.92% -0.69%
Kankakee County IL 31.08% -0.55% +0.08%

Trends in the Kankakee County IL Renter Fraction

The Kankakee County household renter fraction peaked in in 2010 at 32.95% and is now 1.87% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Kankakee County IL, Illinois, US

Fraction of renters in Kankakee County

History of Kankakee County Renter Fraction

Date US Illinois Kankakee County IL
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%
2008 33.36% 30.73% 31.13%
2007 32.80% 29.94% 28.45%
2006 32.73% 30.12% 30.81%

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.