Kankakee, IL MSA · FY2026 area median income $102,200 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $351 | $526 | $702 | $877 | $1,053 | $1,228 | $1,404 |
| 1BR | $376 | $564 | $752 | $940 | $1,128 | $1,316 | $1,505 |
| 2BR | $451 | $677 | $903 | $1,128 | $1,354 | $1,580 | $1,806 |
| 3BR | $521 | $782 | $1,043 | $1,303 | $1,564 | $1,825 | $2,086 |
| 4BR | $581 | $872 | $1,163 | $1,453 | $1,744 | $2,035 | $2,326 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $21,060 | $35,100 | $42,120 | $56,160 |
| 2 persons | $24,090 | $40,150 | $48,180 | $64,240 |
| 3 persons | $27,090 | $45,150 | $54,180 | $72,240 |
| 4 persons | $30,090 | $50,150 | $60,180 | $80,240 |
| 5 persons | $32,490 | $54,150 | $64,980 | $86,640 |
| 6 persons | $34,890 | $58,150 | $69,780 | $93,040 |
| 7 persons | $37,320 | $62,200 | $74,640 | $99,520 |
| 8 persons | $39,720 | $66,200 | $79,440 | $105,920 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Kankakee County to see the sources and uses, bond test, DSCR, and funding gap using these rents.