Market Overview
Home Prices in Rapids City, IL
The median home value in Rapids City, IL is $255,760 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.5% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rapids City are priced38% below average. Rapids City is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Rapids City home values have risen by approximately10.5%, reflecting steady appreciation in this market.
Price History
Rapids City Home Price Trend
City Comparison
Rapids City vs. National Median
At $255,760, homes in Rapids City cost 38% below the national median of $410,000. This makes Rapids City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rapids City?
20% Down Payment
$51,152
on $255,760
Monthly P&I
$1,334/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,694/mo
incl. taxes & insurance
Income Needed
$67,760
gross annual (30% rule)
10% Down Option
$25,576
+ PMI applies
Loan Amount (20% dn)
$204,608
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Rapids City, IL?
The median home value in Rapids City is $255,760 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.5% year-over-year.
How much have home prices changed in Rapids City?
Over the past year, home values in Rapids City have increased by 10.5%. Over five years, prices have risen approximately 10.5%.
How much do I need to earn to buy a home in Rapids City?
To comfortably afford the median home price of $255,760 with a 20% down payment ($51,152) at today's rates (6.8%), you'd need a gross annual income of approximately $67,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Rapids City compare to the national average home price?
The national median home value is approximately $410,000. At $255,760, homes in Rapids City are 38% below the national average.
What metro area is Rapids City part of?
Rapids City is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.