From January to March, 81 homes sold in Kankakee for a median price of $75,000. That's 83.8 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Kankakee.
Median property tax for homeowners in Kankakee was $2,875.68 in 2016 according to tax data from that year. That means homeowners pay 3.9 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Kankakee real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
93
$40,950
-
2010
61
$92,340
125.5%
2011
55
$80,230
-13.1%
2012
72
$62,332
-22.3%
2013
66
$50,220
-19.4%
2014
74
$33,390
-33.5%
2015
72
$41,075
23%
2016
78
$73,500
78.9%
2017
71
$40,800
-44.5%
2018
81
$75,000
83.8%
Median property tax
Median sale price
Effective property tax rate
2009
$3,311.59
$40,950
8.1%
2010
$3,526.31
$92,340
3.8%
2011
$3,282.08
$80,230
4.1%
2012
$3,354.22
$62,332
5.4%
2013
$2,994.62
$50,220
6%
2014
$2,780.03
$33,390
8.3%
2015
$2,912.16
$41,075
7.1%
2016
$2,875.67
$73,500
3.9%
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