Rock Island, TN—38581
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rock Island, TN
As of Oct '25, the median home price in Rock Island, TN is $230,000, with a year-over-year change of -4.3%. This indicates that home prices in Rock Island, TN are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | -4.3% |
| Single Family | $230,000 | -3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $250,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rock Island, TN
Rock Island, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rock Island, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Rock Island, TN is 101. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 9.0% |
Listing Count | 27 | 44.0% |
| Listings as % of Homes | 0.6% | 44.0% |
Days on Market | 101 | -12.0% |
Demographics — Rock Island, TN
As of the latest ACS Survey released in 2023, Rock Island, TN has a population of 3,960, which has increased by 1.8% over the past 5 years. Rock Island, TN is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,960 | 1.8% |
% Under 18 | 16.5% | -20.7% |
% Seniors | 23.1% | 20.9% |
% WFH | 10.8% | 157.1% |
% w/ College Degree | 14.5% | 3.6% |
As of the latest ACS Survey released in 2023, Rock Island, TN is a predominantly white area, with 93.0% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Rock Island, TN is hispanic, making up 4.4% of the population. Foreign-born residents account for 4.0% of the population in Rock Island, TN, and this percentage has increased by 14.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.0% | 3.9% |
% Black | 1.3% | 333.3% |
% Hispanic | 4.4% | -30.2% |
% Asian | 0.3% | ∞% |
% Foreign Born | 4.0% | 14.3% |
Mortgage and Risk — Rock Island, TN
According to HUD data as of 2023, there were 55 mortgage originations in Rock Island, TN, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Rock Island, TN. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Rock Island, TN
Rock Island, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Rock Island, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $230,000 |
| Median Household Income | $54,800 |