Rock Island, IL is a great place to live for those looking for affordable housing. The median value of a house in Rock Island is $112,200, which is significantly lower than the US median value of $338,100. While the US one-year house appreciation rate is 8.27%, the one-year appreciation rate in Rock Island stands at 6.99%. Although it may not be as high as the national average, potential homebuyers can still benefit from investing in Rock Island real estate and enjoy low housing prices while being part of a growing local economy.
The median home cost in Rock Island is $112,200. Home appreciation the last 10 years has been 34.4%. Home Appreciation in Rock Island is up 8.3%.
Average Age of Homes
- The median age of Rock Island real estate is 67 years old
The Rental Market in Rock Island
- Renters make up 29.4% of the Rock Island population
- 2.6% of houses and apartments in Rock Island, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.