Rock Falls, IL—61071
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rock Falls, IL
As of Oct '25, the median home price in Rock Falls, IL is $114,000, with a year-over-year change of 9.4%. This indicates that home prices in Rock Falls, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $114,000 | 9.4% |
| Single Family | $114,000 | 9.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $94,000 | 4.4% |
3 Bed | $160,000 | 7.4% |
4 Bed | $190,000 | 7.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rock Falls, IL
As of July '25, Rentcast reports the average rent in Rock Falls, IL is $739, with a year-over-year rent change of -26.1%. Per bedroom, the median rent as of July '25 in Rock Falls, IL is studios: $725, 1-bedrooms: $743, 2-bedrooms: $700. The most common rental property sizes in Rock Falls, IL are 3-bedroom and 2-bedroom, accounting for 33.9% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $739 |
| Studio Rent | $725 | $725 |
| 1 Bed Rent | $700 | $743 |
| 2 Bed Rent | $700 | $700 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rock Falls, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Rock Falls, IL is 38. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $159,000 | 21.0% |
Listing Count | 39 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 38 | 6.0% |
Demographics — Rock Falls, IL
As of the latest ACS Survey released in 2023, Rock Falls, IL has a population of 13,500, which has decreased by -3.7% over the past 5 years. Rock Falls, IL is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,500 | -3.7% |
% Under 18 | 21.9% | -3.5% |
% Seniors | 19.6% | 3.7% |
% WFH | 5.7% | 54.1% |
% w/ College Degree | 17.1% | 36.8% |
As of the latest ACS Survey released in 2023, Rock Falls, IL is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Rock Falls, IL is hispanic, making up 15.6% of the population. Foreign-born residents account for 2.9% of the population in Rock Falls, IL, and this percentage has increased by 31.8% 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 | 80.7% | -1.9% |
% Black | 0.6% | -81.2% |
% Hispanic | 15.6% | 11.4% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 2.9% | 31.8% |
Mortgage and Risk — Rock Falls, IL
According to HUD data as of 2023, there were 139 mortgage originations in Rock Falls, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Rock Falls, IL. Investor activity is low, as 4.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Rock Falls, IL
Rock Falls, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 497 |
Total Units Section 8 | 232 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 66.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $700 | $710 |
| 2 Bedroom | $230 | $700 | $930 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Rock Falls, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $114,000 |
| Median Household Income | $57,900 |