East Moline, IL—61244
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Moline, IL
As of Oct '25, the median home price in East Moline, IL is $143,000, with a year-over-year change of 2.7%. This indicates that home prices in East Moline, IL are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $143,000 | 2.7% |
| Single Family | $143,000 | 4.4% |
| Condos | $146,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $118,000 | 2.6% |
3 Bed | $166,000 | 5.1% |
4 Bed | $214,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East Moline, IL
As of July '25, Rentcast reports the average rent in East Moline, IL is $1,180, with a year-over-year rent change of 14.6%. Per bedroom, the median rent as of July '25 in East Moline, IL is studios: $1,100, 1-bedrooms: $730, 2-bedrooms: $1,060, 3-bedrooms: $1,460, 4-bedrooms: $1,700. The most common rental property sizes in East Moline, IL are 1-bedroom and 2-bedroom, accounting for 38.3% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,180 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $645 | $730 |
| 2 Bed Rent | $950 | $1,060 |
| 3 Bed Rent | $1,400 | $1,460 |
| 4 Bed Rent | $1,200 | $1,700 |
% of Rental Stock
Property Listings — East Moline, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in East Moline, IL is 32. This is a decrease of -11.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $154,000 | 18.0% |
Listing Count | 66 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 32 | -11.0% |
Demographics — East Moline, IL
As of the latest ACS Survey released in 2023, East Moline, IL has a population of 23,300, which has decreased by -1.7% over the past 5 years. East Moline, IL is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -1.7% |
% Under 18 | 25.2% | 13.5% |
% Seniors | 17.3% | -12.6% |
% WFH | 4.0% | 185.7% |
% w/ College Degree | 20.9% | 5.6% |
As of the latest ACS Survey released in 2023, East Moline, IL is a predominantly white area, with 55.5% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in East Moline, IL is black, making up 19.2% of the population. Foreign-born residents account for 13.4% of the population in East Moline, IL, and this percentage has increased by 5.5% 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 | 55.5% | -13.1% |
% Black | 19.2% | 50.0% |
% Hispanic | 18.5% | 13.5% |
% Asian | 2.6% | -31.6% |
% Foreign Born | 13.4% | 5.5% |
Mortgage and Risk — East Moline, IL
According to HUD data as of 2023, there were 379 mortgage originations in East Moline, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in East Moline, IL. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 379 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — East Moline, IL
As of 2024, the percent of homes in East Moline, IL under the Section 8 program is 28.9%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in East Moline, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,039 |
Total Units Section 8 | 888 |
% Rentals under Section 8 | 28.9% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $645 | $750 |
| 2 Bedroom | -$20 | $950 | $930 |
| 3 Bedroom | -$190 | $1,400 | $1,210 |
| 4 Bedroom | $230 | $1,200 | $1,430 |
Affordability — East Moline, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $143,000 |
| Median Household Income | $66,800 |