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Housing in Flat Rock

A typical Flat Rock home is worth roughly $67,000

Typical home value
$67K
IL $263K
Estimate
2-bedroom rent
$990
a month, utilities in · HUD
Median tax bill
$744
IL $5,298

What kind of housing town is Flat Rock?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Flat Rock

Try your own numbers below.

You could afford about
$280,000
Typical Flat Rock home $67K

That covers a typical Flat Rock home, with $213K to spare.

The typical home, each month
$460
Loan $330Tax $110Insurance $20

A two-bedroom rents for about $990 a month here, $530 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

88% of Flat Rock households own their home

Half of Flat Rock’s homes were built before 1954.

Owners and renters
Own 88%Rent 12%

Illinois: 67% own.

1954
typical home built · IL 1971
$744
median property tax bill · IL $5,298

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $990

Fair Market Rent a month, utilities included

Studio$680
1 bedroom$810
2 bedrooms$990
3 bedrooms$1,310
4 bedrooms$1,590
12%
of households rent · IL 33%
6
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Crawford County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

On the market in Flat Rock

Listed in the past 60 days. Each opens on the listing site.

Neighbors talk housing

What Flat Rock buyers, sellers and renters are saying.

Town Square →
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Is Flat Rock still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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