Kankakee, IL Real Estate
According to census data in the year 2000 there were 10,946 housing units in Kankakee.
This represents a 3.8% decline from 11,380 in 1990.
Of those housing units, 10,933 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.
Homeownership rate in Kankakee is about 53.1%.
Kankakee's vacancy rate, including seasonal lodging, is about 8.6%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Kankakee were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 18.20% |
| Two Bedrooms | 34.80% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $73,400 |
| Median Price asked for vacant units | $62,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $420 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 7% |
| Simple Mortgage | 52.20% |
| Debt Free | 34.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
