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Grant Park, IL

Full City Profile · Illinois · Kankakee County County

3.0 /5.0
B Good
1,547 Population 452/sq mi density
$72,500 Median Income $26,046 per capita
$205,500 Home Value $283,650 Zillow
$1,149 Median Rent 31.3% income on rent
51°F Avg Temperature 275 sunny days/yr
81 Violent Crime/100K 324 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$72,500 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$205,500 home value, $1,149/mo rent
F
Safety
1.0 / 5.0
81 violent crimes/100K
C
Education
2.0 / 5.0
12.6% bachelor's degree or higher

Housing Overview

Median Home Value
$205,500
27% below
US avg: $281,900
Median Rent
$1,149/mo
1% below
US avg: $1,163/mo
Homeownership Rate
67.4%
3% above US avg (65.4%)
Total Housing Units
497
Median year built: 1971

Home Value by Source

Census Median
$205,500
Zillow (ZHVI)
$283,650
Median Sale Price
$154,000
Median List Price
$246,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

67.4%
Owner-Occupied
32.6%
Renter-Occupied
67%
33%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,149/mo

Market Indicators (Redfin)

Median Days on Market
88 days
Sale-to-List Ratio
0.8%
Buyers market
Homes Sold
2
Price Drops
40.0%
of listings with price reduction
Price Per Sq Ft
$127
Active Inventory
5
homes for sale

Affordability & Housing Stock

Rent Burden
31.3%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
67.4%

Complete Housing Data

Home Values

Census Median Value$205,500
Zillow Home Value (ZHVI)$283,650
Median Sale Price$154,000
Median List Price$246,500
Price Per Sq Ft$127

Rent

Census Median Rent$1,149
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market88
Sale-to-List Ratio0.8%
Price Drops40.0%
Homes Sold2
Active Inventory5
Price Per Sq Ft$127

Ownership & Stock

Owner-Occupied67.4%
Renter-Occupied32.6%
Homeownership Rate67.4%
Total Housing Units497
Median Year Built1971
Rent Burden31.3%