Rochelle, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rochelle, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rochelle Housing Market Information

With a population of 9,309, 3,739 total housing units (homes and apartments), and a median house value of $139,479, Rochelle real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rochelle, accounting for 63.08% of the city's housing units. Other types of housing that are prevalent in Rochelle include large apartment complexes or high rise apartments ( 20.68%), duplexes, homes converted to apartments or other small apartment buildings ( 14.05%), and a few row houses and other attached homes ( 1.72%).

The most prevalent building size and type in Rochelle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.09% owning and 39.91% renting.

There is a lot of housing in Rochelle built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rochelle built between 1940-1969 ( 33.58%). A lesser amount of the housing stock also hails from before 1939 ( 22.23%). There's also some housing in Rochelle built between 2000 and later ( 8.01%).

Rochelle Home Appreciation Rates

Homes have actually lost value in Rochelle over the last then years, as home values have seen a decline of 21.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rochelle home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Rochelle appreciation rates have trailed the rest of the nation. In the last twelve months, Rochelle's appreciation rate has been 2.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rochelle were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Rochelle's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$139,479

Rochelle, IL HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.2
$515,001 - $773,000 0.1
$412,001 - $515,000 0.0
$309,001 - $412,000 3.0
$206,001 - $309,000 8.7
$103,001 - $206,000 53.8
$51,001 - $103,000 26.9
$0 - $51,000 7.4

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
54.9982421188328 46.0759493670886

Number Of Homes And Apartments:
3,739

Rochelle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
3.62% 0.21% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 60.09
Renters 39.91
Vacant 8.16

Housing Market Details

 

Age of Homes

AGE OF Rochelle HOMES
2000 or Newer 8.0
1970 - 1999 36.2
1940 - 1969 33.6
1939 or Older 22.2

Types of Homes

TYPE OF Rochelle HOMES
Single-Family 63.1
Townhomes 1.7
Small Apt. Buildings 14.1
Apt. Complexes 20.7
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Rochelle HOMES
No Bedroom 1.69
1 Bedroom 8.43
2 Bedrooms 29.16
3 Bedrooms 45.05
4 Bedrooms 13.68
5 or more bedrooms 1.99

Popular Neighborhoods in Rochelle

Zip Codes in Rochelle, IL