The story of this market
The typical home in ZIP 61201 sells for about $140,000, or $105 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 61201 — Rock Island
The housing market in 61201 remains stable with a median price of $140,000, reflecting a slight year-over-year decline. Inventory levels are sufficient to meet current demand, though buyers face a competitive environment for well-priced, move-in-ready homes. The market is driven by local employment stability and the affordability of the area compared to broader regional averages.
This ZIP is well-suited for budget-conscious family buyers and students seeking affordable housing options with proximity to regional employment and educational institutions.
Median prices moved down 1.2% year over year.
Homes spend a median of 34 days on market with 3.2 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 15.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 61201, Rock Island County IL
Crime rates in Rock Island are generally higher than the national average, with property crime being the most frequently reported issue in the urban core.
The area is served by the Rock Island-Milan School District, which maintains a mix of public schools with varying performance ratings; Augustana College serves as a major educational anchor.
The ZIP code faces moderate flood risks due to its proximity to the Mississippi River, necessitating flood insurance for properties in designated low-lying zones.
Economic momentum is anchored by the Rock Island Arsenal and regional healthcare providers, with ongoing efforts to revitalize the downtown riverfront area.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents primarily commute via local arterial roads to employment hubs in the Quad Cities, with limited public transit options available.
The area features significant access to the Mississippi River waterfront, numerous public parks, and the athletic facilities associated with Augustana College.
The rental market is characterized by steady demand for 2-bedroom units, with moderate vacancy pressure and a mix of long-term residential and student-oriented housing.
The economy is heavily influenced by the Rock Island Arsenal, a major federal employer, alongside regional healthcare and manufacturing sectors.
The area is served by a network of local roads with connectivity to the broader Quad Cities transit system.
Ongoing urban renewal projects focus on improving housing stock and commercial viability in the central city area.
Rock Island County assesses property values based on market data, with periodic adjustments to reflect current sales trends.
Parcels are subject to Rock Island-Milan School District taxes and various municipal service districts.
Property insurance premiums are influenced by regional flood risk and the age of the housing stock.
Data retrieved from Census Reporter and data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A private liberal arts college that serves as a major cultural and athletic hub.
Provides trails, parks, and scenic access to the river.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.