Market Overview
Home Prices in Rochelle, IL
The median home value in Rochelle, IL is $196,703 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rochelle are priced52% below average. Rochelle is part of the Rochelle, IL metro area.
Over the past five years, Rochelle home values have risen by approximately25.7%, reflecting strong long-term appreciation in this market.
Price History
Rochelle Home Price Trend
City Comparison
Rochelle vs. National Median
At $196,703, homes in Rochelle cost 52% below the national median of $410,000. This makes Rochelle a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rochelle?
20% Down Payment
$39,341
on $196,703
Monthly P&I
$1,026/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,303/mo
incl. taxes & insurance
Income Needed
$52,120
gross annual (30% rule)
10% Down Option
$19,670
+ PMI applies
Loan Amount (20% dn)
$157,362
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 Rochelle, IL?
The median home value in Rochelle is $196,703 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Rochelle?
Over the past year, home values in Rochelle have increased by 4.5%. Over five years, prices have risen approximately 25.7%.
How much do I need to earn to buy a home in Rochelle?
To comfortably afford the median home price of $196,703 with a 20% down payment ($39,341) at today's rates (6.8%), you'd need a gross annual income of approximately $52,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Rochelle compare to the national average home price?
The national median home value is approximately $410,000. At $196,703, homes in Rochelle are 52% below the national average.
What metro area is Rochelle part of?
Rochelle is part of the Rochelle, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.