Rock Island, Illinois Housing Market Prices
Rock Island Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 56% below the Illinois median$65,476
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Median rent 32% below the Illinois median$862
Housing Market Overview
| Metric | Rock Island | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,476 | $149,936 | $248,835 |
| Price Trend (Annual %) | -1.6% | 2.5% | 7.5% |
| Median Gross Rent | $862 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rock Island is about 56% lower than in Illinois. Rent is about 32% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Rock Island: home prices fell about 1.6% a year while rent rose about 2.6% a year. That is an unusual pattern worth watching.
Median rent in Rock Island rose about 20.7% between 2015 and 2024, from $714 to $862. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Rock Island.
Buying the median-priced home in Rock Island costs roughly 6.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rock Island. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Rock Island | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,476 | $149,936 | $248,835 |
| Median Household Income | $61,536 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rock Island fell about 16.9%, while median household income rose about 41.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Rock Island | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 61.9% | 58.5% |
| Rental Rate | 30.4% | 30.4% | 31.2% |
| Vacancy Rate | 6.7% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Rock Island has a homeownership rate of 62.8%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 6.7%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Rock Island | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.17 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1954 | 1969 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Rock Island was built around 1954. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 13.0 years on average.
Rock Island, IL Housing Compared With Nearby Cities
How Rock Island, IL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rock Island, IL | 34,599 | $65,476 #2/2 | $862 #2/2 | 67.4% #1/2 |
| Davenport, IA | 101,249 | $162,001 | $977 | 63.0% |
Frequently Asked Questions
Common questions about the housing market in Rock Island, Illinois.
What is the median home price in Rock Island, Illinois?
The median home price in Rock Island, Illinois is $65,476, lower than the Illinois average of $149,936.
What is the average home price in Rock Island, Illinois?
The typical home price in Rock Island, Illinois, reported as the median sale price, is $65,476. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Rock Island, Illinois?
The median gross rent in Rock Island, Illinois is $862 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Rock Island in 2020?
In 2020, the median gross rent in Rock Island, Illinois was $738 per month.
What is the price-to-rent ratio in Rock Island, Illinois?
The price-to-rent ratio in Rock Island, Illinois is about 6.3, meaning it would take roughly 6.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rock Island.
Are home prices or rent rising faster in Rock Island, Illinois?
Home prices and rent are moving in opposite directions in Rock Island: home prices fell about 1.6% a year while rent rose about 2.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Rock Island, Illinois?
62.8% of households in Rock Island, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Rock Island, Illinois?
The housing vacancy rate in Rock Island, Illinois is 6.7%, lower than the Illinois average of 7.7%.
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