Rochelle, IL Housing Market
AI-powered market intelligence for the Rochelle, IL metro area.
PropertyIQ Scores
Rochelle, IL Market Analysis
Market Overview
Rochelle, IL presents a strong residential real estate market, reflected in a PropertyIQ Score of 97 out of 100. The median home value is $230,299, roughly $67,000 below the state average of $297,573, while the median household income is $82,132, just $1,258 below the state benchmark of $83,390. The unemployment rate is 4.9%, exactly matching the state average. These figures point to a market that is more affordable than the state overall, with local incomes nearly on par with statewide levels.
The market’s high score is supported by strong 12-month home value momentum of 13.88%, although the 3-month momentum reading is -0.26%, indicating a recent flattening or slight cooling in price movement. Median days on market is 42 days, and the share of listings with a price cut is 11.4%. With 88 homes for sale, the inventory base is modest and the market remains active without being oversupplied. The rent index is $1,063, which is $211 below the state average of $1,274, reinforcing Rochelle’s lower-cost profile relative to the state.
Key Trends
First, price momentum shows strong annual growth but near-term moderation. The 12-month home value momentum reading is 13.88%, while the 3-month figure is -0.26%. The dataset also separately lists a home value year-over-year change of $15. The strong 12-month momentum indicates meaningful appreciation over the past year, but the negative 3-month reading points to cooler conditions in the most recent quarter.
Second, affordability is a defining trend. The median home value of $230,299 sits well below the state average of $297,573, while the median household income of $82,132 is close to the state benchmark of $83,390. That combination means local buyers are likely to face a lower price-to-income burden than the state average. The rent index of $1,063 is also below the state average of $1,274, further reinforcing the area’s relative affordability.
Third, market pace metrics remain balanced. There are 88 homes for sale, median days on market is 42, and 11.4% of listings have had a price cut. These figures suggest that while the market has cooled from its peak momentum, sellers are not facing widespread pressure to reduce prices, and homes are still moving at a reasonable pace.
Fourth, labor market stability supports housing demand. The unemployment rate is 4.9%, equal to the state average, indicating steady employment conditions. Population growth is listed as N/A in the dataset, so migration and household formation trends cannot be evaluated from the provided data.
Who Is This Market For
Rochelle is well suited for first-time homebuyers because of its affordability. The median home value of $230,299 is about $67,000 below the state average, while the median household income of $82,132 is nearly identical to the state benchmark. Lower rents, at $1,063 versus $1,274 statewide, also make the area accessible for renters who want to transition into homeownership.
Move-up buyers may also find value in this market. The strong 12-month home value momentum of 13.88% suggests that existing homeowners have likely gained equity over the past year, which can support a move to a larger or more expensive property. However, the 3-month momentum of -0.26% indicates that price growth may be moderating, so move-up buyers should plan with a more balanced near-term market in mind.
For investors, the market presents a trade-off. The lower median home value of $230,299 and a price-cut share of 11.4% can support entry at a lower acquisition cost. However, the rent index of $1,063 is below the state average of $1,274, which may translate into more modest gross rental income compared with higher-rent markets. Investors focused on appreciation may be drawn to the recent 12-month momentum, while those focused on cash flow should account for the lower rent benchmark.
Outlook
The data suggests that Rochelle is likely to remain stable in the near term, transitioning from a period of strong appreciation to a more measured pace. The 12-month home value momentum of 13.88% shows significant recent gains, but the 3-month momentum of -0.26% indicates that price growth has flattened or edged slightly lower. Median days on market of 42 and a price-cut share of 11.4% are consistent with a balanced market rather than a distressed one. Affordability, supported by a median home value of $230,299 and a median household income of $82,132, should continue to attract buyers. The unemployment rate of 4.9% matches the state average, suggesting stable employment conditions. Because population growth data is not available, the outlook cannot fully account for future demand from migration or household formation. Based on the provided metrics, Rochelle appears positioned for measured performance, with the strongest appreciation already reflected in the 12-month trend and near-term momentum more subdued.
AI-generated analysis based on current market data. Last updated September 29, 2026.
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Rochelle, IL market data
Rochelle, IL Housing Market Overview
Rochelle, IL's median home value is $230K, up 13.9% over the past year. Homes here sell in a median 42 days. Its PropertyIQ Score of 97 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Rochelle, IL metropolitan area represents a distinct segment of IL's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Rochelle, IL's PropertyIQ Score of 97 ranks among the Midwest's stronger demand signals.
The PropertyIQ Score for the Rochelle, IL market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 13.9% over the past year.
Explore the interactive map to see how Rochelle, IL compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Rochelle, IL metro area
ZIP codes in the Rochelle, IL metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Rochelle, IL a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Rochelle, IL currently scores 97, a very strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $230K, up 13.9% over the past year. So whether Rochelle, IL is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Rochelle, IL?
Rochelle, IL's PropertyIQ Score is 97, indicating very strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 97 places Rochelle, IL above its state benchmark.
Are home prices in Rochelle, IL rising or falling?
Home prices in Rochelle, IL are rising. Over the past year, the median home value increased 13.9%, reaching $230K. Over the latest three months, values slipped 0.3%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Rochelle, IL's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Rochelle, IL?
In Rochelle, IL, homes sell in a median of 42 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 11% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Rochelle, IL market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.