Rochelle, IL—61068
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rochelle, IL
As of Oct '25, the median home price in Rochelle, IL is $196,000, with a year-over-year change of 2.5%. This indicates that home prices in Rochelle, IL are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 2.5% |
| Single Family | $197,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 6.0% |
3 Bed | $196,000 | 5.4% |
4 Bed | $252,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rochelle, IL
As of July '25, Rentcast reports the average rent in Rochelle, IL is $654, with a year-over-year rent change of -44.1%. Per bedroom, the median rent as of July '25 in Rochelle, IL is 2-bedrooms: $654. The most common rental property sizes in Rochelle, IL are 2-bedroom and 3-bedroom, accounting for 52.1% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $654 | $654 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $654 | $654 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rochelle, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Rochelle, IL is 36. This is a decrease of -31.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $247,000 | 1.0% |
Listing Count | 37 | 33.0% |
| Listings as % of Homes | 0.3% | 33.0% |
Days on Market | 36 | -31.0% |
Demographics — Rochelle, IL
As of the latest ACS Survey released in 2023, Rochelle, IL has a population of 15,100, which has increased by 5.5% over the past 5 years. Rochelle, IL is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | 5.5% |
% Under 18 | 21.7% | -10.7% |
% Seniors | 16.1% | 5.9% |
% WFH | 6.8% | 25.9% |
% w/ College Degree | 19.3% | 25.3% |
As of the latest ACS Survey released in 2023, Rochelle, IL is a predominantly white area, with 67.7% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Rochelle, IL is hispanic, making up 25.9% of the population. Foreign-born residents account for 8.9% of the population in Rochelle, IL, and this percentage has decreased by 31.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.7% | -5.6% |
% Black | 2.7% | 35.0% |
% Hispanic | 25.9% | 8.8% |
% Asian | 0.6% | -33.3% |
% Foreign Born | 8.9% | -31.0% |
Mortgage and Risk — Rochelle, IL
According to HUD data as of 2023, there were 181 mortgage originations in Rochelle, IL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Rochelle, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Rochelle, IL
Rochelle, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 206 |
Total Units Section 8 | 141 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | $546 | $654 | $1,200 |
| 3 Bedroom | N/A | N/A | $1,690 |
| 4 Bedroom | N/A | N/A | $2,030 |
Affordability — Rochelle, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $196,000 |
| Median Household Income | $69,800 |