Cities with the fastest growing home prices in Kankakee metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Kankakee metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Kankakee, IL metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 13 cities and towns with data available were included in the list.

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1 / 13
Stacker

#13. Reddick, Reddick

- 1-year price change: +$9,891 (+6.2%)
- 5-year price change: +$75,418 (data not available)
- Typical home value: $169,289 (#9 most expensive city in metro)
2 / 13
Stacker

#12. Limestone, Limestone

- 1-year price change: +$15,358 (+8.4%)
- 5-year price change: +$51,394 (+34.9%)
- Typical home value: $198,615 (#7 most expensive city in metro)
3 / 13
Stacker

#11. Saint Anne, Saint Anne

- 1-year price change: +$15,972 (+13.8%)
- 5-year price change: +$64,662 (+96.5%)
- Typical home value: $131,661 (#13 most expensive city in metro)
4 / 13
Stacker

#10. Bradley, Bradley

- 1-year price change: +$16,323 (+11.2%)
- 5-year price change: +$51,571 (+46.9%)
- Typical home value: $161,499 (#11 most expensive city in metro)
5 / 13
Stacker

#9. Kankakee, Kankakee

- 1-year price change: +$17,698 (+15.3%)
- 5-year price change: +$54,053 (+68.0%)
- Typical home value: $133,485 (#12 most expensive city in metro)

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6 / 13
Stacker

#8. Momence, Momence

- 1-year price change: +$19,989 (+13.6%)
- 5-year price change: +$50,733 (+43.8%)
- Typical home value: $166,642 (#10 most expensive city in metro)
7 / 13
Stacker

#7. Herscher, Herscher

- 1-year price change: +$21,893 (+12.1%)
- 5-year price change: +$73,789 (+57.0%)
- Typical home value: $203,153 (#6 most expensive city in metro)
8 / 13
Stacker

#6. Essex, Essex

- 1-year price change: +$22,448 (+9.7%)
- 5-year price change: +$81,047 (+46.6%)
- Typical home value: $254,790 (#4 most expensive city in metro)
9 / 13
Stacker

#5. Chebanse, Chebanse

- 1-year price change: +$24,085 (+15.5%)
- 5-year price change: +$81,047 (data not available)
- Typical home value: $179,288 (#8 most expensive city in metro)
10 / 13
Stacker

#4. Bonfield, Bonfield

- 1-year price change: +$24,170 (+10.2%)
- 5-year price change: +$70,004 (+36.5%)
- Typical home value: $261,671 (#3 most expensive city in metro)

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11 / 13
Stacker

#3. Grant Park, Grant Park

- 1-year price change: +$26,152 (+11.9%)
- 5-year price change: +$74,704 (+43.7%)
- Typical home value: $245,607 (#5 most expensive city in metro)
12 / 13
Stacker

#2. Bourbonnais, Bourbonnais

- 1-year price change: +$29,266 (+12.5%)
- 5-year price change: +$76,952 (+41.5%)
- Typical home value: $262,505 (#2 most expensive city in metro)
13 / 13
Stacker

#1. Manteno, Manteno

- 1-year price change: +$34,221 (+14.1%)
- 5-year price change: +$79,044 (+40.1%)
- Typical home value: $276,254 (#1 most expensive city in metro)

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