Home Insurance in Kankakee, Illinois
The median home value in Kankakee is $104,900, 46% lower than the Kankakee County median.
The typical home in Kankakee was built around 1956. About 55% of homes were built before 1960, about 23 points above Kankakee County's 32%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Kankakee is 63% single-family homes, 19% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 55% of owner-occupied homes in Kankakee have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Kankakee has an owner-occupancy rate of 51% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
Most homes in Kankakee - 76% - are primarily heated with natural gas.
FEMA rates Kankakee County's overall risk as Relatively Moderate, led by inland flooding (Relatively Moderate). Kankakee County had 304 active NFIP flood policies as of September 2026. See the full Kankakee County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Illinois is $1,480 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $104,900 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 51% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Kankakee County | 304 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)