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Kankakee County, Illinois
2024 Land Sales Report

In Kankakee County, land values saw continued appreciation in 2024, but the market is beginning to show signs of settling down in 2025.

If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Jeremy Thompson at (815) 351-5572.

Request a Land Values Report

Average Price of Land*

$11,789/acre
Jan. – Dec. 2024*

As high as $13,900/acre

in 2024*

Land Market Commentary & Local Trends

Overall, the average price of farmland was $11,789/acre and the price per productivity index point was $95.58 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $13,900 per acre. 

 

Since 1977, the Geswein Farm & Land Team has been advising landowners to be stewards of the land and make decisions based on most current, accurate, and relevant data. The information in this report can provide you with a rough estimate of your property’s value; however, understanding the specific characteristics of your property and how they compare to the other sales will provide the most accurate value of your property. Additionally, properties sold by land brokers via auctions or listings consistently outperformed individual to individual transactions and properties sold by traditional home realtors.

By The Numbers

According to Land.com, about 2,000 acres of farms and rural land have been listed for sale in Kankakee County, with a combined value nearing $54 million, according to Land.com. The county ranks 24th out of Illinois’ 102 counties for total acreage currently on the market, with the city of Kankakee leading the way in listings. Covering 681 square miles, Kankakee County is the 28th largest county in the state and sits in Northern Illinois, offering a mix of farmland and rural real estate that draws interest from buyers across the region.

 

 

The most recent USDA farmland census reveals that Kankakee, County, Illinois supports a vibrant farming community, with 738 farms covering about 322,000 acres, and the average farm spans approximately 436 acres–a modest increase since 2017. Nearly all of this land is active cropland–around 309,000 acres–with only small portions dedicated to pasture, woodland, or other uses. Farmers here are already embracing conservation-minded techniques: about 32% use no-till, 36% reduced tillage, 29% rely on intensive tillage, and 11% have adopted cover cropping to preserve soil health.

 

 

Overview of Kankakee County Agriculture

 

Location and Geography: Kankakee County is located in northeastern Illinois, about 50 miles south of Chicago, with the Kankakee River flowing through its center and serving as a key natural feature. The county’s landscape is mostly flat to gently rolling farmland, part of the rich and fertile prairie soils of the Corn Belt.

 

Major Crops:

 

  1. Corn: the leading crop in Kankakee County, thriving in the area’s fertile prairie soils and playing a central role in both grain and livestock feed production.
  2. Soybeans: another major crop, valued for their versatility in food products, livestock feed, and industrial uses.
  3. Hay: Kankakee County also produces significant amounts of hay, which supports the county’s livestock operations.
  4. Wheat: grown in smaller quantities but remains important for crop rotation and local grain markets.

 

Agriculture plays a vital role in Kankakee County, Illinois, where rich, fertile soils and a favorable climate support a strong mix of crop and livestock production. The county’s farmland is primarily dedicated to corn and soybeans, which are the backbone of the local agricultural economy. Many farmers also grow hay and wheat, contributing to diversified crop rotations that help maintain soil health. In addition to crop farming, livestock operations are an important part of the landscape, supported by the abundant forage crops grown throughout the county

 

The land market in Kankakee County remains active and competitive, fueled by consistent demand from both established farmers and investors interested in high-quality farmland. Its proximity to the Chicago metropolitan area adds to the appeal of rural properties, offering opportunities for agriculture as well as potential future development. This combination of productive farmland and strategic location ensures steady interest in the area’s rural real estate, making Kankakee County a key player in Illinois’ agricultural landscape.

 

History & Background of Kankakee County, Illinois

 

County Seat: Kankakee

Townships: Aroma / Bourbonnais / Essex / Ganeer / Kankakee / Limestone / Manteno / Momence / Norton / Otto / Pembroke / Pilot / Rockville / St. Anne / Salina / Summer / Yellowhead

History: Established in 1853; Named after the Kankakee River.

Population: 105,940

Cities & Towns: Kankakee / Bourbonnais / Bradley / Aroma Park / Bonfield / Chebanse / Essex / Grant Park / Herscher / Hopkins Park / Limestone / Manteno / Reddick / St. Anne / Sun River Terrance / Union Hill / Sammons Point / Buckingham / Irwin

Acreage: 433,280

 

According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Kankakee County, Illinois.

The 2022 Ag Census for Kankakee County, Illinois, reported the following crop statistics:

 

Number of farms: 738

Land in farms (acres): 322,007

Average farm size (acres): 436

Total market value of products sold: $367,524,000

Government payments: $3,786,000

Farm-related income: $9,566,000

Total farm production expenses: $247,056,000

Net cash farm income: $133,819,000

 

 

Sources / Citations:

 

Source 1:

“United States Department of Agriculture.” USDA, www.nass.usda.gov/Statistics_by_State/Illinois/Publications/County_Estimates/index.php#:~:text=Access%20Quick%20Stats%20Lite,to%20NASS%20Surveys%20and%20Programs. Accessed 2 July 2025.

 

Source 2:

“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Illinois/cp17091.pdf. Accessed 2 July 2025.

 

 

*The transaction and land sales data/information contained in this report was obtained from publicly available sources and sales disclosures deemed accurate and reliable but not guaranteed, no liability for accuracy, errors or omissions is assumed by Geswein Farm & Land Realty, LLC

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