Rock Island, IL—61201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rock Island, IL
As of Oct '25, the median home price in Rock Island, IL is $124,000, with a year-over-year change of 2.1%. This indicates that home prices in Rock Island, IL are increasing. According to Zillow, the 1-year price projection is -0.3%, 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 | 2.1% |
| Single Family | $124,000 | 2.5% |
| Condos | $127,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $71,000 | -1.4% |
2 Bed | $111,000 | 2.8% |
3 Bed | $152,000 | 4.1% |
4 Bed | $186,000 | 4.5% |
| 5 Bed | $198,000 | 3.1% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Rock Island, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Rock Island, IL is 46. This is a decrease of -10.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $132,000 | 4.0% |
Listing Count | 129 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 46 | -10.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Rock Island, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $124,000 |
| Median Household Income | $57,300 |