Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Rock Island County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,561 | $162,405 | $242,182 |
| Price Trend (Annual %) | 9.2% | 3.9% | 8.2% |
| Median Gross Rent | $862 | $1,226 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rock Island County is about 1% lower than in Illinois. Rent is about 30% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Rock Island County, up about 9.2% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Rock Island County rose about 27.3% between 2015 and 2023, from $677 to $862. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Rock Island County.
Buying the median-priced home in Rock Island County costs roughly 15.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Rock Island County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | Rock Island County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,561 | $162,405 | $242,182 |
| Median Household Income | $67,867 | $82,179 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rock Island County rose about 73.8%, while median household income rose about 48.8% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Rock Island County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 61.4% | 58.2% |
| Rental Rate | 28.8% | 30.5% | 31.3% |
| Vacancy Rate | 8.3% | 8.1% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Rock Island County has a homeownership rate of 62.9%, higher than the Illinois average of 61.4%. Its housing vacancy rate is 8.3%, compared with 8.1% in Illinois.
Housing Stock
| Metric | Rock Island County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1965 | 1968 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Rock Island County was built around 1965. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rock Island County, Illinois.
What is the median home price in Rock Island County, Illinois?
The median home price in Rock Island County, Illinois is $161,561, lower than the Illinois average of $162,405.
What is the average home price in Rock Island County, Illinois?
The typical home price in %s, reported as the median sale price, is %s. 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 County, Illinois?
The median gross rent in Rock Island County, Illinois is $862 per month, lower than the Illinois average of $1,226.
What was the median gross rent in Rock Island County in 2020?
In 2020, the median gross rent in Rock Island County, Illinois was $753 per month.
What is the price-to-rent ratio in Rock Island County, Illinois?
The price-to-rent ratio in Rock Island County, Illinois is about 15.6, meaning it would take roughly 15.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Rock Island County.
Are home prices or rent rising faster in Rock Island County, Illinois?
Both home prices and rent are rising in Rock Island County, up about 9.2% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rock Island County, Illinois?
62.9% of households in Rock Island County, Illinois own their home, higher than the Illinois average of 61.4%.
What is the vacancy rate in Rock Island County, Illinois?
The housing vacancy rate in Rock Island County, Illinois is 8.3%, higher than the Illinois average of 8.1%.