Market Overview
Home Prices in Rock Falls, IL
The median home value in Rock Falls, IL is $123,349 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 6.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rock Falls are priced70% below average. Rock Falls is part of the Sterling, IL metro area.
Over the past five years, Rock Falls home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Rock Falls Home Price Trend
City Comparison
Rock Falls vs. National Median
At $123,349, homes in Rock Falls cost 70% below the national median of $410,000. This makes Rock Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rock Falls?
20% Down Payment
$24,670
on $123,349
Monthly P&I
$643/mo
30-yr @ 6.8%
Total Monthly Est.
~$817/mo
incl. taxes & insurance
Income Needed
$32,680
gross annual (30% rule)
10% Down Option
$12,335
+ PMI applies
Loan Amount (20% dn)
$98,679
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 Rock Falls, IL?
The median home value in Rock Falls is $123,349 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Rock Falls?
Over the past year, home values in Rock Falls have increased by 2.6%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Rock Falls?
To comfortably afford the median home price of $123,349 with a 20% down payment ($24,670) at today's rates (6.8%), you'd need a gross annual income of approximately $32,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Rock Falls compare to the national average home price?
The national median home value is approximately $410,000. At $123,349, homes in Rock Falls are 70% below the national average.
What metro area is Rock Falls part of?
Rock Falls is part of the Sterling, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.