Kankakee, IL - House Price Index (HPI)
Kankakee Real Estate Market Forecast
The House Price Index (HPI) shows changes in Kankakee-Bradley, IL single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Kankakee Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1139.56
1st Quarter, 2018 Housing Statistics: Kankakee, Illinois


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Kankakee housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Kankakee is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kankakee is 88% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Kankakee
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Kankakee housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Kankakee is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kankakee is 85% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Kankakee
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Kankakee, Illinois


Historical Home Price Appreciation
Last Quarter                         2.46%
Last Year                              3.9%
Last 5 Years                         8%
Last 10 Years                       -8%
Last 20 Years                       34%
Decline From All Time High   7.96%


Annual Home Price Appreciation Rates
1988      15.37%
1989      4.95%
1990      17.33%
1991      2.34%
1992      6.92%
1993      4.54%
1994      7.23%
1995      4.89%
1996      3.26%
1997      1.36%
1998      2.78%
1999      0.74%
2000      3.07%
2001      3.52%
2002      2.21%
2003      5.79%
2004      4.79%
2005      8.98%
2006      5.75%
2007      2.13%
2008      -2.16%
2009      -3.98%
2010      -2.08%
2011      -2.99%
2012      -3.79%
2013      -1.83%
2014      1.67%
2015      0.64%
2016      3.59%
2017      0.57%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.46%         Rank: 78 of 381 (79th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.9%           Rank: 279 of 381 (26th Percentile)
Last 5 Years                              8%              Rank: 329 of 381 (13th Percentile)
Last 10 Years  . . . . . . . . . . . .   -8%            Rank: 343 of 381 (10th Percentile)
Last 20 Years                            34%            Rank: 359 of 379 (5th Percentile)
Decline From All Time High        7.96%

The change in home prices for Kankakee, IL are shown above for five time
periods. For example: Kankakee appreciated 2.46% in the Last Quarter. At that
rate, the Kankakee Real Estate Market was ranked 78th out of 381 metropolitan
Real Estate Markets. Kankakee was in the 79th percentile. So Kankakee, IL
performed better in the Last Quarter than 79% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Kankakee, Illinois

The data and analysis on this page pertains to Kankakee, IL, hereinafter
referred to as "Kankakee". The all time high in the Kankakee Home Price Index
was 161.5 in the 2nd Quarter, of 2008. The 1st Quarter, 2018 index value was
148.6. That's a decline of 12.85 points or 7.96% below the Kankakee Home
Price Index all time high.  The Home Price Index indicates that the Kankakee
Market is down 8% over the last 10 years. Home prices in the Kankakee Real
Estate Market have gained 3.92% over the last 12 months. Over the last thirty
years, it is up 141%.

The 1st Quarter index value was 3.57 points higher than the 4th Quarter, 2017
index value of 145.04, resulting in a 2.46% rise in the 1st Quarter for the
Kankakee Market.

The Kankakee Home Price Index increased in the last quarter after falling in the
previous quarter. The current record holders for consecutive increases in the
Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 27 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Tallahassee, FL; Syracuse,
NY; Sioux City, IA; Shreveport, LA and Peoria, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Kankakee Real Estate
Market was 17% in the twelve months ended with the 4th Quarter of 1990. The
worst annual change in home values  in the Kankakee Market was -7% in the
twelve months ended with the 1st Quarter of 2012.

The highest growth in home values in the Kankakee Real Estate Market over a
three year period was 42% in the three years ended with the 4th Quarter of
1990. The worst performance over a three year period in the Kankakee Market
was -14% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Kankakee Home Price Index
(above). For information about Illinois home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Kankakee Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Kankakee Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Kankakee Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Kankakee, Illinois

The trend of Kankakee Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Kankakee, IL, hereinafter referred to as "Kankakee".

Last Quarter:
During the 1st Quarter of 2018, Kankakee Home Prices had a rank of 78, with
appreciation of 2.46%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Kankakee Home Prices had a rank of 279, with
appreciation during the year of 3.92%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Kankakee Home Prices
ranked 329, with a total appreciation of 8.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Kankakee Home Prices
had a rank of 343, with appreciation during the decade of -8%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Kankakee Home Prices
had a rank of 359, with total growth over the 20 year period of 34%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Kankakee Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Kankakee. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Sunday, July 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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