NAICS 53

Real Estate and Rental and Leasing in Kankakee, IL

Metro Market Score 47.5 (Moderate), ranked #198 of 330 metros. 90 establishments, 382 jobs.

Metro Market Assessment

Metro Market Score 47.5
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Kankakee's real estate and rental and leasing sector saw employment decline over the past year (growth trend: 13.6). That contraction, combined with a 47.5 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration
22.1
LQ: 0.58
Rank #73 of 330 metros
Wage Competitiveness
44.5
$53,760 avg wage
Growth Trend
↓ 13.6
Employment growth index
Rank #286 of 330 metros
Wage Pressure
24.4
YoY wage change index

90 Real Estate and Rental and Leasing Firms in Kankakee

90
Establishments
-5.3% YoY
382
Total Employment
-5.0% YoY
$53,760
Average Annual Wage
+9.1% YoY
0.58
Location Quotient
Below national avg

Kankakee vs Illinois Statewide

How this metro's real estate and rental and leasing market compares to Illinois overall. The state ranks #33/51 for entry risk.

Measure Kankakee IL Statewide
Overall Score 47.5 Moderate 44.3 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #198 of 330 metros #33 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Kankakee

Finance and Insurance 25.8 Construction 27.1 Information 33.1 Accommodation and Food Services 35.5 Healthcare and Social Assistance 41.1 Other Services 49.2 Retail Trade 49.5 Administrative and Support Services 59.3

Real Estate and Rental and Leasing in Other Illinois Metros

Decatur 24.3 #39/330 Rockford 38.5 #123/330 Bloomington 43.4 #172/330 Champaign-Urbana 59.2 #268/330 Chicago-Naperville-Elgin 69.1 #315/330

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Kankakee's real estate and rental and leasing sector, the employment growth component (86.4) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.