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Grant Park, IL Home Values and Rents
The typical home value in Grant Park is $296,473, 294th highest of 696 cities and towns in Illinois. Median rent is $1,177 a month.
- Typical home value
- $296,473
- 294th of 696 in IL
- Median rent
- $1,177/mo
- ACS 2020-2024
- Price change, 1 year
- +8.7%
- Sep 2026
- Homeownership
- 70.3%
- IL: 67.1%
Typical home value in Grant Park
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Grant Park |
|---|---|
| Sep 2026 | $296,473 |
| Dec 2025 | $285,580 |
| Dec 2024 | $269,796 |
| Dec 2023 | $259,959 |
| Dec 2022 | $248,120 |
| Dec 2021 | $229,680 |
| Dec 2020 | $209,565 |
| Dec 2019 | $197,723 |
| Dec 2018 | $188,158 |
| Dec 2017 | $184,466 |
| Dec 2016 | $179,716 |
| Dec 2015 | $173,740 |
| Dec 2014 | $172,299 |
| Dec 2013 | $172,395 |
| Dec 2012 | $180,803 |
Over five years, Grant Park prices changed +30.8%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Kankakee, IL MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $939 | +2.7% |
| 1 bedroom | $1,031 | +2.0% |
| 2 bedrooms | $1,349 | +1.7% |
| 3 bedrooms | $1,775 | +1.7% |
| 4 bedrooms | $1,876 | +5.7% |
Frequently asked questions
- What is the typical home value in Grant Park, IL?
- The typical home value in Grant Park is $296,473 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Grant Park?
- The median rent in Grant Park is $1,177 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,349.
- Are home prices going up in Grant Park?
- The typical home value in Grant Park changed +8.7% over one year and +30.8% over five years, as of Sep 2026.
- How does Grant Park compare with the rest of Illinois?
- Grant Park has the 294th highest median home value of 696 cities and towns with 1,000+ residents in Illinois.