Rock Island, IL 61201 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rock Island, IL—61201

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$124,000

2.3% YoY Growth

Household Income

$57,300

20.4% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$1,020

0.0% YoY Growth

1-Bed Rent

$725

26.0% YoY Growth

2-Bed Rent

$900

0.4% YoY Growth

3-Bed Rent

$1,300

3.2% YoY Growth

Home Price Trends — Rock Island, IL

As of Dec '25, the median home price in Rock Island, IL is $124,000, with a year-over-year change of 2.3%. This indicates that home prices in Rock Island, IL are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$124,000	2.3%
Single Family	$124,000	2.5%
Condos	$128,000	0.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Rock Island, IL

As of July '25, Rentcast reports the average rent in Rock Island, IL is $1,060, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Rock Island, IL is studios: $575, 1-bedrooms: $799, 2-bedrooms: $974, 3-bedrooms: $1,300, 4-bedrooms: $1,370. The most common rental property sizes in Rock Island, IL are 2-bedroom and 1-bedroom, accounting for 40.6% and 31.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,020	$1,060
Studio Rent	$600	$575
1 Bed Rent	$725	$799
2 Bed Rent	$900	$974
3 Bed Rent	$1,300	$1,300
4 Bed Rent	$1,300	$1,370

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% of Rental Stock

Studio

5.7%

1 Bedroom

31.8%

2 Bedrooms

40.6%

3 Bedrooms

14.6%

4 Bedrooms

4.9%

5+ Bedrooms

2.4%

Property Listings — Rock Island, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Rock Island, IL is 51. This is a increase of 3.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$126,000	2.0%
Listing Count	112	2.0%
Listings as % of Homes	0.5%	2.0%
Days on Market	54	6.0%

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Demographics — Rock Island, IL

As of the latest ACS Survey released in 2023, Rock Island, IL has a population of 37,300, which has decreased by -2.8% over the past 5 years. Rock Island, IL is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,300	-2.8%
% Under 18	21.0%	-2.3%
% Seniors	18.1%	13.1%
% WFH	8.7%	128.9%
% w/ College Degree	22.1%	-5.2%

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As of the latest ACS Survey released in 2023, Rock Island, IL is a predominantly white area, with 63.4% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Rock Island, IL is black, making up 16.2% of the population. Foreign-born residents account for 8.5% of the population in Rock Island, IL, and this percentage has decreased by 9.6% 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	63.4%	2.3%
% Black	16.2%	-16.9%
% Hispanic	13.4%	18.6%
% Asian	3.3%	-15.4%
% Foreign Born	8.5%	-9.6%

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Mortgage and Risk — Rock Island, IL

According to HUD data as of 2023, there were 514 mortgage originations in Rock Island, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Rock Island, IL. Investor activity is low, as 14.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	514
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	14.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Rock Island, IL

As of 2024, the percent of homes in Rock Island, IL under the Section 8 program is 23.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Rock Island, IL, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,635
Total Units Section 8	1,392
% Rentals under Section 8	23.9%
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$75	$725	$800
2 Bedroom	$90	$900	$990
3 Bedroom	-$10	$1,300	$1,290
4 Bedroom	$220	$1,300	$1,520

Rock Island, IL—61201

Key Metrics at a Glance

Home Price Trends — Rock Island, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rock Island, IL

% of Rental Stock

Property Listings — Rock Island, IL

Demographics — Rock Island, IL

Race and Ethnicity

Mortgage and Risk — Rock Island, IL

Mortgages

Rentals and Section 8 — Rock Island, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Rock Island, IL

Home Price to Income Ratio

Rock Island, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Davenport, IA

Davenport, IA

Davenport, IA

Milan, IL

Moline, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$124,000
Median Household Income	$57,300

Rock Island, IL—61201

Key Metrics at a Glance

Home Price Trends — Rock Island, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rock Island, IL

% of Rental Stock

Property Listings — Rock Island, IL

Demographics — Rock Island, IL

Race and Ethnicity

Mortgage and Risk — Rock Island, IL

Mortgages

Rentals and Section 8 — Rock Island, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Rock Island, IL

Home Price to Income Ratio

Rock Island, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Davenport, IA

Davenport, IA

Davenport, IA

Milan, IL

Moline, IL

Frequently Asked Questions

What is the average home price in Rock Island, IL 61201?

How have home prices in Rock Island, IL 61201 changed over the past year?

What is the home price projection for Rock Island, IL 61201?

What are the demographics of Rock Island, IL 61201?

How long does it take homes to sell in Rock Island, IL 61201?

What is the average rent price in Rock Island, IL 61201?