KANKAKEE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Kankakee averaged
6.51%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.23% and
one month ago for the week of 2023-04-20, the
average rate was 6.43%.
Kankakee's average rate one year ago was 5.09%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.47%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Kankakee 30 Year Fixed Rate | 2023-05-25 | 6.51% |
| Kankakee 30 Year Fixed Rate Refi | 2023-05-25 | 6.47% |
| Kankakee 15 Year Fixed Rate | 2023-05-25 | 5.97% |
| Kankakee 15 Year Fixed Rate Refi | 2023-05-25 | 6.37% |
| Kankakee 30 Year FHA | 2023-05-25 | 6.33% |
| Kankakee 30 Year FHA Refi | 2023-05-25 | 6.41% |
| Kankakee 30 Year USDA | 2023-05-25 | 6.73% |
| Kankakee 30 Year USDA Refi | 2023-05-25 | 6.63% |
| Kankakee 30 Year VA | 2023-05-25 | 6.3% |
| Kankakee 30 Year VA Refi | 2023-05-25 | 6.41% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within KANKAKEE, IL.
KANKAKEE Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the KANKAKEE, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
KANKAKEE Average Closing Costs & Other Stats
KANKAKEE, IL's 126 lenders originated 2,340
loans during 2022. The total origination value was $433,710,000, with an average loan value of
$185,346.
KANKAKEE's average closing costs are $4,383.
The top KANKAKEE lender as defined by loan originations is Midland States Bank, with
91 loans originated. Their average total fees are
$3,389, which is $2,257
lower than the next largest lender,
Hometown Lenders, Inc..
The lowest fee KANKAKEE lenders (with over 10 loans originated) are
Midland States Bank ($3,389), PNC Bank ($3,502), Neighborhood Loans, Inc. ($3,648), Wells Fargo Bank ($3,696) and LOANDEPOT.COM, LLC ($3,795).
The lowest rate KANKAKEE lenders (with over 10 loans originated) are
GUARANTEED RATE, INC. (4.90%), QUICKEN LOANS, LLC (4.90%), PNC Bank (4.92%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.94%) and Flanagan State Bank (4.96%).
KANKAKEE, IL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Prudential Huntoon Paige Associates, LLC | $63,195,000 | n/a | 14.6% | |
| Municipal Trust and Savings Bank | $47,745,000 | $32,450,000 | -32.0% | 7.5% |
| Midland States Bank | $45,910,000 | $28,670,000 | -37.6% | 6.6% |
| QUICKEN LOANS, LLC | $47,150,000 | $25,875,000 | -45.1% | 6.0% |
| Hometown Lenders, Inc. | $15,530,000 | $23,980,000 | 54.4% | 5.5% |
| Peoples Bank of Kankakee County | $44,940,000 | $19,760,000 | -56.0% | 4.6% |
| First Trust Bank of Illinois | $18,670,000 | $12,570,000 | -32.7% | 2.9% |
| National Bank of St. Anne | $24,950,000 | $12,335,000 | -50.6% | 2.8% |
| GUARANTEED RATE, INC. | $19,320,000 | $10,290,000 | -46.7% | 2.4% |
| Wells Fargo Bank | $24,455,000 | $9,365,000 | -61.7% | 2.2% |
| Mortgage Research Center, LLC | $7,275,000 | $8,120,000 | 11.6% | 1.9% |
| PNC Bank | $9,035,000 | $7,105,000 | -21.4% | 1.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $8,680,000 | $6,725,000 | -22.5% | 1.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,115,000 | $6,690,000 | 30.8% | 1.5% |
| JPMorgan Chase Bank | $8,900,000 | $6,515,000 | -26.8% | 1.5% |
| Flanagan State Bank | $12,465,000 | $5,860,000 | -53.0% | 1.4% |
| LOANDEPOT.COM, LLC | $7,495,000 | $5,265,000 | -29.8% | 1.2% |
| NVR Mortgage Finance, Inc. | $5,015,000 | n/a | 1.2% | |
| Iroquois Federal Savings and Loan Association | $2,745,000 | $4,915,000 | 79.1% | 1.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $7,740,000 | $4,660,000 | -39.8% | 1.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,465,000 | $4,495,000 | -39.8% | 1.0% |
| Neighborhood Loans, Inc. | $3,160,000 | $4,065,000 | 28.6% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $15,460,000 | $3,890,000 | -74.8% | 0.9% |
| The Federal Savings Bank | $3,655,000 | $3,460,000 | -5.3% | 0.8% |
| CALIBER HOME LOANS, INC. | $4,790,000 | $3,395,000 | -29.1% | 0.8% |
| GENEVA FINANCIAL, LLC | $3,160,000 | n/a | 0.7% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,220,000 | $3,010,000 | -28.7% | 0.7% |
| AmeriHome Mortgage Company, LLC | $1,190,000 | $2,745,000 | 130.7% | 0.6% |
| Fifth Third Bank | $1,825,000 | $2,745,000 | 50.4% | 0.6% |
| GUARANTEED RATE AFFINITY, LLC | $840,000 | $2,665,000 | 217.3% | 0.6% |
| Barrington Bank & Trust Company, N.A. | $3,410,000 | $2,590,000 | -24.0% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $3,420,000 | $2,570,000 | -24.9% | 0.6% |
| First Financial Bank | $3,730,000 | $2,560,000 | -31.4% | 0.6% |
| First American Bank | $8,075,000 | $2,530,000 | -68.7% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $5,920,000 | $2,515,000 | -57.5% | 0.6% |
| U.S. Bank | $3,795,000 | $2,420,000 | -36.2% | 0.6% |
| Stifel Bank and Trust | $1,415,000 | $2,405,000 | 70.0% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,430,000 | $2,370,000 | -56.4% | 0.5% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $4,480,000 | $2,180,000 | -51.3% | 0.5% |
| RF Renovo Management Company, LLC | $1,815,000 | $2,120,000 | 16.8% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $2,385,000 | $2,060,000 | -13.6% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,890,000 | $2,025,000 | -29.9% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $4,790,000 | $1,765,000 | -63.2% | 0.4% |
| NATIONS RELIABLE LENDING, LLC | $5,065,000 | $1,610,000 | -68.2% | 0.4% |
| 21ST MORTGAGE CORPORATION | $830,000 | $1,525,000 | 83.7% | 0.4% |
| The Huntington National Bank | $2,420,000 | $1,525,000 | -37.0% | 0.4% |
| Old National Bank | $1,455,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $2,450,000 | $1,430,000 | -41.6% | 0.3% |
| Mutual Federal Bank | $1,550,000 | $1,365,000 | -11.9% | 0.3% |
| CMG MORTGAGE, INC. | $3,130,000 | $1,300,000 | -58.5% | 0.3% |
| DRAPER AND KRAMER MORTGAGE CORP. | $5,720,000 | $1,295,000 | -77.4% | 0.3% |
| THE ANDERSON FINANCIAL GROUP, INC. | $1,425,000 | $1,290,000 | -9.5% | 0.3% |
| PARLAY MORTGAGE & PROPERTY, INC. | $325,000 | $1,280,000 | 293.8% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $1,600,000 | $1,240,000 | -22.5% | 0.3% |
| Great Southern Bank | $1,125,000 | n/a | 0.3% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,640,000 | $1,105,000 | -32.6% | 0.3% |
| COMPASS MORTGAGE, INC. | $2,390,000 | $1,075,000 | -55.0% | 0.2% |
| Plains Commerce Bank | $145,000 | $1,075,000 | 641.4% | 0.2% |
| NORTHWEST BANK OF ROCKFORD | $1,095,000 | $1,015,000 | -7.3% | 0.2% |
| Carrington Mortgage Services, LLC | $2,135,000 | $995,000 | -53.4% | 0.2% |
| Key Mortgage Services, Inc. | $2,045,000 | $960,000 | -53.1% | 0.2% |
| NEWREZ LLC | $3,210,000 | $960,000 | -70.1% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $580,000 | $960,000 | 65.5% | 0.2% |
| Pacor Mortgage Corp | $1,985,000 | $950,000 | -52.1% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $3,155,000 | $935,000 | -70.4% | 0.2% |
| First State Bank | $4,950,000 | $930,000 | -81.2% | 0.2% |
| CHERRY CREEK MORTGAGE, LLC | $390,000 | $925,000 | 137.2% | 0.2% |
| NEW DAY FINANCIAL, LLC | $745,000 | $900,000 | 20.8% | 0.2% |
| First Midwest Bank | $4,160,000 | $890,000 | -78.6% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $505,000 | $870,000 | 72.3% | 0.2% |
| BLUELEAF LENDING, LLC | $1,220,000 | $830,000 | -32.0% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $2,520,000 | $815,000 | -67.7% | 0.2% |
| Grundy Bank | $2,185,000 | $805,000 | -63.2% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $785,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $55,000 | $785,000 | 1,327.3% | 0.2% |
| Old Second National Bank | $795,000 | $785,000 | -1.3% | 0.2% |
| EVANSVILLE TEACHERS | $755,000 | n/a | 0.2% | |
| CIVIC FINANCIAL SERVICES, LLC | $105,000 | $740,000 | 604.8% | 0.2% |
| BROKER SOLUTIONS, INC. | $935,000 | $720,000 | -23.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,540,000 | $700,000 | -54.5% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $5,340,000 | $700,000 | -86.9% | 0.2% |
| INLAND BANK & TRUST | $175,000 | $700,000 | 300.0% | 0.2% |
| Marquette Bank | $615,000 | $620,000 | 0.8% | 0.1% |
| COMPEER FINANCIAL, FLCA | $1,380,000 | $615,000 | -55.4% | 0.1% |
| UNION HOME MORTGAGE CORP. | $680,000 | $585,000 | -14.0% | 0.1% |
| Discover Bank | $435,000 | $580,000 | 33.3% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $695,000 | $570,000 | -18.0% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $910,000 | $560,000 | -38.5% | 0.1% |
| SIRVA MORTGAGE, INC. | $510,000 | $560,000 | 9.8% | 0.1% |
| Citizens Bank | $1,095,000 | $550,000 | -49.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,565,000 | $510,000 | -67.4% | 0.1% |
| First Federal Savings Bank | $60,000 | $485,000 | 708.3% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $450,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $920,000 | $440,000 | -52.2% | 0.1% |
| AmRes Corporation | $660,000 | $435,000 | -34.1% | 0.1% |
| Associated Bank | $1,025,000 | $425,000 | -58.5% | 0.1% |
| Nations Lending Corporation | $435,000 | $400,000 | -8.0% | 0.1% |
| State Bank of Graymont | $255,000 | $395,000 | 54.9% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $125,000 | $390,000 | 212.0% | 0.1% |
| BMO Harris Bank | $1,035,000 | $390,000 | -62.3% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $390,000 | n/a | 0.1% | |
| M&T Bank | $195,000 | $385,000 | 97.4% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $685,000 | $380,000 | -44.5% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $380,000 | n/a | 0.1% | |
| Community Mortgage Banc Corporation | $325,000 | $360,000 | 10.8% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $135,000 | $355,000 | 163.0% | 0.1% |
| Midwest Bank | $355,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $2,915,000 | $355,000 | -87.8% | 0.1% |
| DIRECT MORTGAGE LOANS, LLC | $695,000 | $350,000 | -49.6% | 0.1% |
| Bank of America | $1,285,000 | $345,000 | -73.2% | 0.1% |
| Citibank | $65,000 | $345,000 | 430.8% | 0.1% |
| First Savings Bank of Hegewisch | $165,000 | $340,000 | 106.1% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $720,000 | $340,000 | -52.8% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $4,220,000 | $340,000 | -91.9% | 0.1% |
| GMFS LLC | $335,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $325,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $240,000 | $315,000 | 31.3% | 0.1% |
| SPRING EQ, LLC | $315,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $255,000 | $315,000 | 23.5% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| EASTMAN | $295,000 | n/a | 0.1% | |
| Vibrant Credit Union | $295,000 | n/a | 0.1% | |
| NUMARK CREDIT UNION | $1,680,000 | $285,000 | -83.0% | 0.1% |
| First Bank of Manhattan | $15,000 | $280,000 | 1,766.7% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $80,000 | $280,000 | 250.0% | 0.1% |
| CROWN MORTGAGE COMPANY | $205,000 | $275,000 | 34.1% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $180,000 | $275,000 | 52.8% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $265,000 | n/a | 0.1% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $200,000 | $265,000 | 32.5% | 0.1% |
| PREMIA MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $3,165,000 | $260,000 | -91.8% | 0.1% |
| OCMBC, INC. | $715,000 | $255,000 | -64.3% | 0.1% |
| ALLIANT CREDIT UNION | $155,000 | $245,000 | 58.1% | 0.1% |
| Catlin Bank | $225,000 | $245,000 | 8.9% | 0.1% |
| MORIA DEVELOPMENT, INC. | $240,000 | n/a | 0.1% | |
| CIBM Bank | $425,000 | $235,000 | -44.7% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $235,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $235,000 | n/a | 0.1% | |
| Semper Home Loans, Inc. | $235,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $770,000 | $225,000 | -70.8% | 0.1% |
| Mortgage Assurance Inc. | $225,000 | n/a | 0.1% | |
| Providence Bank & Trust | $225,000 | n/a | 0.1% | |
| SCOTT CREDIT UNION | $225,000 | n/a | 0.1% | |
| Toyota Financial Savings Bank | $225,000 | n/a | 0.1% | |
| United Fidelity Funding Corp. | $905,000 | $225,000 | -75.1% | 0.1% |
| Equity Prime Mortgage LLC | $410,000 | $220,000 | -46.3% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $615,000 | $220,000 | -64.2% | 0.1% |
| DAS Acquisition Company, LLC | $235,000 | $215,000 | -8.5% | 0.0% |
| Low VA Rates, LLC | $240,000 | $215,000 | -10.4% | 0.0% |
| Home State Bank | $205,000 | n/a | 0.0% | |
| LAKE MORTGAGE COMPANY INC | $225,000 | $205,000 | -8.9% | 0.0% |
| Busey Bank | $195,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $195,000 | n/a | 0.0% | |
| Illiana Financial Credit Union | $190,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $185,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $185,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $185,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $315,000 | $185,000 | -41.3% | 0.0% |
| GREENSTATE CREDIT UNION | $175,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $175,000 | n/a | 0.0% | |
| UNIVERSITY LENDING GROUP, LLC | $105,000 | $175,000 | 66.7% | 0.0% |
| Stillman BancCorp N.A. | $165,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $165,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $155,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $55,000 | $150,000 | 172.7% | 0.0% |
| Allied First Bank,sb | $2,455,000 | $145,000 | -94.1% | 0.0% |
| Centier Bank | $105,000 | $145,000 | 38.1% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $145,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $145,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $185,000 | $135,000 | -27.0% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $1,870,000 | $135,000 | -92.8% | 0.0% |
| AMERICAN FINANCING CORPORATION | $575,000 | $125,000 | -78.3% | 0.0% |
| Fidelity Bank | $785,000 | $125,000 | -84.1% | 0.0% |
| NEXERA HOLDING LLC | $125,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $125,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $260,000 | $120,000 | -53.8% | 0.0% |
| Bank of Pontiac | $740,000 | $115,000 | -84.5% | 0.0% |
| PHH Mortgage Corporation | $115,000 | $115,000 | 0.0% | 0.0% |
| UNITED HOME LOANS, INC. | $390,000 | $115,000 | -70.5% | 0.0% |
| UNITED MORTGAGE CORP. | $115,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $575,000 | $105,000 | -81.7% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $105,000 | n/a | 0.0% | |
| Old Plank Trail Community Bank | $105,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $105,000 | n/a | 0.0% | |
| Credit Union 1 | $165,000 | $95,000 | -42.4% | 0.0% |
| GREAT LAKES | $90,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $380,000 | $85,000 | -77.6% | 0.0% |
| First Savings Bank | $245,000 | $85,000 | -65.3% | 0.0% |
| HealthCare Associates Credit Union | $85,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $85,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $75,000 | n/a | 0.0% | |
| First National Bank of America | $75,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $70,000 | n/a | 0.0% | |
| Figure Lending LLC | $240,000 | $65,000 | -72.9% | 0.0% |
| Citywide Banks | $55,000 | n/a | 0.0% | |
| FIRST NORTHERN Credit Union | $305,000 | $55,000 | -82.0% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $55,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $45,000 | n/a | 0.0% | |
| MidFirst Bank | $45,000 | n/a | 0.0% | |
| Southern Bank | $45,000 | n/a | 0.0% | |
| First State Bank of Forrest | $35,000 | n/a | 0.0% | |
| Regions Bank | $25,000 | n/a | 0.0% |
KANKAKEE's top lender by overall market share is Prudential Huntoon Paige Associates, LLC, with 14.6% market share. In second place, with 7.5%, is Municipal Trust and Savings Bank, having originated $32,450,000 in loans. In third place, with 6.6%, is Midland States Bank, having originated $28,670,000 in loans. In fourth place, with 6.0%, is QUICKEN LOANS, LLC, having originated $25,875,000 in loans. In fifth place, with 5.5%, is Hometown Lenders, Inc., having originated $23,980,000 in loans.
KANKAKEE Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - KANKAKEE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $129,922 (6.8%) | $169,964 (1.8%) | 0.00 | 365 |
| 2018-02-01 | $135,700 (13.2%) | $172,415 (3.4%) | 0.00 | 356 |
| 2018-03-01 | $137,900 (10.9%) | $171,629 (3.3%) | 0.00 | 352 |
| 2018-04-01 | $139,950 (12.0%) | $172,702 (5.0%) | 0.00 | 337 |
| 2018-05-01 | $140,450 (12.5%) | $175,677 (8.9%) | 0.00 | 354 |
| 2018-06-01 | $149,000 (7.5%) | $178,458 (6.5%) | 0.00 | 381 |
| 2018-07-01 | $145,850 (7.2%) | $181,656 (4.0%) | 0.00 | 388 |
| 2018-08-01 | $142,450 (3.6%) | $177,810 (3.4%) | 0.00 | 409 |
| 2018-09-01 | $139,450 (2.5%) | $173,631 (1.9%) | 0.00 | 406 |
| 2018-10-01 | $136,475 (0.0%) | $169,620 (0.5%) | 0.00 | 437 |
| 2018-11-01 | $134,400 (0.9%) | $168,004 (-1.5%) | 0.00 | 438 |
| 2018-12-01 | $125,000 (-6.7%) | $162,512 (-5.1%) | 0.00 | 418 |
| 2019-01-01 | $125,600 (-3.3%) | $162,750 (-4.2%) | 0.00 | 382 |
| 2019-02-01 | $124,000 (-8.6%) | $160,134 (-7.1%) | 0.00 | 351 |
| 2019-03-01 | $139,900 (1.5%) | $175,148 (-1.5%) | 0.00 | 335 |
| 2019-04-01 | $142,325 (1.7%) | $181,631 (4.6%) | 0.00 | 318 |
| 2019-05-01 | $154,900 (10.3%) | $190,976 (8.7%) | 0.00 | 316 |
| 2019-06-01 | $164,450 (10.4%) | $197,695 (10.8%) | 0.00 | 337 |
| 2019-07-01 | $160,900 (10.3%) | $191,849 (5.6%) | 0.00 | 373 |
| 2019-08-01 | $165,000 (15.8%) | $198,712 (8.4%) | 0.00 | 385 |
| 2019-09-01 | $171,350 (22.9%) | $202,071 (11.9%) | 0.00 | 372 |
| 2019-10-01 | $164,900 (20.8%) | $192,582 (13.4%) | 0.00 | 385 |
| 2019-11-01 | $159,900 (19.0%) | $189,487 (12.8%) | 0.00 | 371 |
| 2019-12-01 | $158,950 (27.2%) | $185,209 (14.0%) | 0.00 | 347 |
| 2020-01-01 | $159,300 (26.8%) | $184,478 (13.4%) | 0.00 | 314 |
| 2020-02-01 | $159,900 (29.0%) | $187,498 (17.1%) | 0.00 | 299 |
| 2020-03-01 | $164,950 (17.9%) | $193,806 (14.7%) | 0.00 | 298 |
| 2020-04-01 | $170,075 (19.5%) | $196,345 (8.7%) | 0.00 | 296 |
| 2020-05-01 | $179,900 (16.1%) | $206,439 (8.1%) | 0.00 | 278 |
| 2020-06-01 | $179,900 (9.4%) | $209,449 (6.0%) | 0.00 | 238 |
| 2020-07-01 | $177,675 (10.4%) | $206,307 (7.5%) | 0.00 | 228 |
| 2020-08-01 | $170,500 (3.3%) | $202,057 (4.8%) | 0.00 | 211 |
| 2020-09-01 | $177,650 (3.7%) | $208,311 (7.2%) | 0.00 | 206 |
| 2020-10-01 | $159,450 (-3.3%) | $199,184 (3.5%) | 0.00 | 212 |
| 2020-11-01 | $153,075 (-4.3%) | $199,577 (5.3%) | 0.00 | 189 |
| 2020-12-01 | $152,400 (-4.1%) | $201,360 (8.7%) | 0.00 | 172 |
| 2021-01-01 | $150,000 (-5.8%) | $199,005 (7.9%) | 0.00 | 160 |
| 2021-02-01 | $162,450 (1.6%) | $205,619 (9.7%) | 0.00 | 131 |
| 2021-03-01 | $184,000 (11.6%) | $217,514 (12.2%) | 0.00 | 116 |
| 2021-04-01 | $191,900 (12.8%) | $230,506 (17.4%) | 0.00 | 101 |
| 2021-05-01 | $190,000 (5.6%) | $224,653 (8.8%) | 0.00 | 110 |
| 2021-06-01 | $219,575 (22.1%) | $243,938 (16.5%) | 0.00 | 127 |
| 2021-07-01 | $186,950 (5.2%) | $232,997 (12.9%) | 0.00 | 144 |
| 2021-08-01 | $188,675 (10.7%) | $228,822 (13.3%) | 0.00 | 144 |
| 2021-09-01 | $173,450 (-2.4%) | $217,736 (4.5%) | 0.00 | 136 |
| 2021-10-01 | $180,000 (12.9%) | $219,708 (10.3%) | 0.00 | 138 |
| 2021-11-01 | $177,450 (15.9%) | $214,480 (7.5%) | 0.00 | 131 |
| 2021-12-01 | $193,475 (27.0%) | $225,214 (11.9%) | 0.00 | 112 |
| 2022-01-01 | $194,900 (29.9%) | $230,490 (15.8%) | 0.00 | 98 |
| 2022-02-01 | $134,474 (-17.2%) | $189,443 (-7.9%) | 0.00 | 131 |
| 2022-03-01 | $170,900 (-7.1%) | $200,336 (-7.9%) | 0.00 | 115 |
| 2022-04-01 | $176,500 (-8.0%) | $205,930 (-10.7%) | 0.00 | 116 |
| 2022-05-01 | $211,200 (11.2%) | $225,860 (0.5%) | 0.00 | 135 |
| 2022-06-01 | $190,000 (-13.5%) | $226,636 (-7.1%) | 0.00 | 167 |
| 2022-07-01 | $189,450 (1.3%) | $223,302 (-4.2%) | 0.00 | 210 |
| 2022-08-01 | $187,900 (-0.4%) | $233,344 (2.0%) | 0.00 | 206 |
| 2022-09-01 | $197,000 (13.6%) | $234,807 (7.8%) | 0.00 | 203 |
| 2022-10-01 | $190,000 (5.6%) | $228,945 (4.2%) | 0.00 | 191 |
| 2022-11-01 | $190,350 (7.3%) | $223,369 (4.1%) | 0.00 | 176 |
| 2022-12-01 | $174,900 (-9.6%) | $213,756 (-5.1%) | 0.00 | 173 |
| 2023-01-01 | $182,200 (-6.5%) | $222,749 (-3.4%) | 0.00 | 143 |
| 2023-02-01 | $180,925 (34.5%) | $223,577 (18.0%) | 0.00 | 137 |
| 2023-03-01 | $218,750 (28.0%) | $251,093 (25.3%) | 0.00 | 126 |
| 2023-04-01 | $208,950 (18.4%) | $251,495 (0.0%) | 0.00 | 125 |
KANKAKEE's median listing price for 2023-04-01 was $208,950, a difference of
$32,450
(18.4%) versus the prior year and
$-9,800 versus the prior month.
KANKAKEE's median listing price comes in at 0% of the national average.
KANKAKEE's average listing price for 2023-04-01 was $251,495, a difference of $45,565 (0.0%) versus the prior year and $402 versus the prior month.
For the 2023-04-01 period, KANKAKEE had 125 MLS listings, a difference of -1 listings (-1%) versus the prior month and 9 listings (8%) versus the prior year.
KANKAKEE's median listing price comes in at 0% of the national average.
KANKAKEE's average listing price for 2023-04-01 was $251,495, a difference of $45,565 (0.0%) versus the prior year and $402 versus the prior month.
For the 2023-04-01 period, KANKAKEE had 125 MLS listings, a difference of -1 listings (-1%) versus the prior month and 9 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - KANKAKEE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,600 sqft |
| 2018-02-01 | 0 days | 1,556 sqft |
| 2018-03-01 | 0 days | 1,573 sqft |
| 2018-04-01 | 0 days | 1,574 sqft |
| 2018-05-01 | 0 days | 1,611 sqft |
| 2018-06-01 | 0 days | 1,600 sqft |
| 2018-07-01 | 0 days | 1,619 sqft |
| 2018-08-01 | 0 days | 1,591 sqft |
| 2018-09-01 | 0 days | 1,582 sqft |
| 2018-10-01 | 0 days | 1,561 sqft |
| 2018-11-01 | 0 days | 1,549 sqft |
| 2018-12-01 | 0 days | 1,512 sqft |
| 2019-01-01 | 0 days | 1,511 sqft |
| 2019-02-01 | 0 days | 1,496 sqft |
| 2019-03-01 | 0 days | 1,502 sqft |
| 2019-04-01 | 0 days | 1,580 sqft |
| 2019-05-01 | 0 days | 1,620 sqft |
| 2019-06-01 | 0 days | 1,662 sqft |
| 2019-07-01 | 0 days | 1,630 sqft |
| 2019-08-01 | 0 days | 1,647 sqft |
| 2019-09-01 | 0 days | 1,649 sqft |
| 2019-10-01 | 0 days | 1,593 sqft |
| 2019-11-01 | 0 days | 1,600 sqft |
| 2019-12-01 | 0 days | 1,596 sqft |
| 2020-01-01 | 0 days | 1,595 sqft |
| 2020-02-01 | 0 days | 1,600 sqft |
| 2020-03-01 | 0 days | 1,634 sqft |
| 2020-04-01 | 0 days | 1,631 sqft |
| 2020-05-01 | 0 days | 1,701 sqft |
| 2020-06-01 | 0 days | 1,714 sqft |
| 2020-07-01 | 0 days | 1,671 sqft |
| 2020-08-01 | 0 days | 1,656 sqft |
| 2020-09-01 | 0 days | 1,684 sqft |
| 2020-10-01 | 0 days | 1,622 sqft |
| 2020-11-01 | 0 days | 1,595 sqft |
| 2020-12-01 | 0 days | 1,580 sqft |
| 2021-01-01 | 0 days | 1,590 sqft |
| 2021-02-01 | 0 days | 1,672 sqft |
| 2021-03-01 | 0 days | 1,632 sqft |
| 2021-04-01 | 0 days | 1,590 sqft |
| 2021-05-01 | 0 days | 1,564 sqft |
| 2021-06-01 | 0 days | 1,671 sqft |
| 2021-07-01 | 0 days | 1,621 sqft |
| 2021-08-01 | 0 days | 1,613 sqft |
| 2021-09-01 | 0 days | 1,526 sqft |
| 2021-10-01 | 0 days | 1,546 sqft |
| 2021-11-01 | 0 days | 1,563 sqft |
| 2021-12-01 | 0 days | 1,668 sqft |
| 2022-01-01 | 0 days | 1,693 sqft |
| 2022-02-01 | 0 days | 1,488 sqft |
| 2022-03-01 | 0 days | 1,500 sqft |
| 2022-04-01 | 0 days | 1,572 sqft |
| 2022-05-01 | 0 days | 1,616 sqft |
| 2022-06-01 | 0 days | 1,571 sqft |
| 2022-07-01 | 0 days | 1,534 sqft |
| 2022-08-01 | 0 days | 1,552 sqft |
| 2022-09-01 | 0 days | 1,635 sqft |
| 2022-10-01 | 0 days | 1,600 sqft |
| 2022-11-01 | 0 days | 1,532 sqft |
| 2022-12-01 | 0 days | 1,506 sqft |
| 2023-01-01 | 0 days | 1,492 sqft |
| 2023-02-01 | 0 days | 1,485 sqft |
| 2023-03-01 | 0 days | 1,653 sqft |
| 2023-04-01 | 0 days | 1,611 sqft |
KANKAKEE's median listing age (time on market) for 2023-04-01 was 0 days.
KANKAKEE's median square footage for active listings during the 2023-04-01 period was 1,611 sqft. One year prior, the average listing was 1,572 sqft.
KANKAKEE's median square footage for active listings during the 2023-04-01 period was 1,611 sqft. One year prior, the average listing was 1,572 sqft.
KANKAKEE, IL Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 60401 | Kankakee, IL | $910 | $990 | $1,150 | $1,460 | $1,730 |
| 60424 | Kankakee, IL | $820 | $820 | $1,080 | $1,360 | $1,460 |
| 60468 | Kankakee, IL | $810 | $890 | $1,030 | $1,300 | $1,550 |
| 60481 | Kankakee, IL | $810 | $890 | $1,030 | $1,300 | $1,550 |
| 60901 | Kankakee, IL | $630 | $720 | $950 | $1,280 | $1,390 |
| 60910 | Kankakee, IL | $600 | $690 | $910 | $1,220 | $1,330 |
| 60913 | Kankakee, IL | $580 | $650 | $860 | $1,150 | $1,260 |
| 60914 | Kankakee, IL | $710 | $810 | $1,070 | $1,440 | $1,560 |
| 60915 | Kankakee, IL | $640 | $740 | $970 | $1,300 | $1,420 |
| 60917 | Kankakee, IL | $600 | $650 | $860 | $1,150 | $1,260 |
| 60919 | Kankakee, IL | $680 | $780 | $1,020 | $1,370 | $1,490 |
| 60922 | Kankakee, IL | $620 | $710 | $940 | $1,260 | $1,370 |
| 60935 | Kankakee, IL | $860 | $980 | $1,290 | $1,730 | $1,890 |
| 60940 | Kankakee, IL | $760 | $870 | $1,130 | $1,520 | $1,660 |
| 60941 | Kankakee, IL | $600 | $650 | $860 | $1,150 | $1,260 |
| 60950 | Kankakee, IL | $630 | $720 | $950 | $1,280 | $1,390 |
| 60954 | Kankakee, IL | $620 | $710 | $930 | $1,250 | $1,360 |
| 60958 | Kankakee, IL | $580 | $650 | $860 | $1,150 | $1,260 |
| 60961 | Kankakee, IL | $800 | $830 | $1,090 | $1,470 | $1,590 |
| 60964 | Kankakee, IL | $580 | $650 | $860 | $1,150 | $1,260 |
| 60969 | Kankakee, IL | $580 | $650 | $860 | $1,150 | $1,260 |
2022 Average & Median Rent Data Statistics
KANKAKEE, IL average 1BR rent: $764, median: $720
KANKAKEE, IL average 2BR rent: $986, median: $950
KANKAKEE, IL average 3BR rent: $1,307, median: $1,280
KANKAKEE, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,488 | $268,020,000 | $180,121 |
| Cash Out Refi | 312 | $112,770,000 | $361,442 |
| Refi | 266 | $37,570,000 | $141,241 |
| Other | 171 | $9,585,000 | $56,053 |
| Home Improvement | 103 | $5,765,000 | $55,971 |
Kankakee's most frequently cited loan purpose was Home Purchase, with 1,488 originations. The 2nd most popular reason was Cash Out Refi, with 312 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 512 | $91,460,000 | $178,633 |
| 4-5% | 345 | $63,735,000 | $184,739 |
| 3-4% | 316 | $118,610,000 | $375,348 |
| 6-7% | 258 | $43,690,000 | $169,341 |
| <2.5% | 150 | $11,130,000 | $74,200 |
| 2.5-3% | 86 | $12,260,000 | $142,558 |
| Over 8% | 78 | $4,270,000 | $54,744 |
| 7-8% | 73 | $9,715,000 | $133,082 |
During 2022, Kankakee's most frequently originated rate bucket was 5-6%, with 512 originations.
Loan Sizing (KANKAKEE, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 932 | $136,110,000 | $146,041 |
| $100,000 or less | 733 | $41,255,000 | $56,282 |
| $200k-400k | 629 | $165,255,000 | $262,727 |
| $400k-600k | 36 | $16,920,000 | $470,000 |
| $Over $1MM | 6 | $71,100,000 | $11,850,000 |
| $600k-1000k | 4 | $3,070,000 | $767,500 |
KANKAKEE's loan sizing saw the bucket of loans from $100k-200k with 932 originations, totaling $136,110,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 967 | $188,675,000 | $195,114 |
| 60-80% | 392 | $128,750,000 | $328,444 |
| Under 20% | 175 | $4,675,000 | $26,714 |
| 20-40% | 147 | $10,805,000 | $73,503 |
| 40-60% | 117 | $16,855,000 | $144,060 |
| Over 100% | 16 | $4,090,000 | $255,625 |
KANKAKEE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 967 originations, totaling $188,675,000 in origination value.