Rapids, IL housing market
The typical Rapids home is worth about $249,000, up 9.8% in a year, 16% below the Illinois typical home.
Home values, sales, trends and how Rapids compares with the towns next door — updated as new data is published.
Rapids at a glance
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2017–2026
Show as a table
| January | Rapids | Illinois |
|---|---|---|
| 2018 | $199,000 | $190,000 |
| 2019 | $203,000 | $195,000 |
| 2020 | $211,000 | $200,000 |
| 2021 | $217,000 | $215,000 |
| 2022 | $228,000 | $236,000 |
| 2023 | $231,000 | $248,000 |
| 2024 | $228,000 | $263,000 |
| 2025 | $223,000 | $278,000 |
| 2026 | $242,000 | $290,000 |
| August 2026 | $249,000 | $298,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Rapids in 2025, all single-family houses, worth about $1.3 million to build. Over the past 10 years, Rapids has permitted 23 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Rapids gained 5 residents while 30 new homes were permitted: about 0.2 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $373,000 |
| 2025 | 2 | 2 | 0 | $1.3 million |
| 2024 | 3 | 3 | 0 | $1.1 million |
| 2023 | 1 | 1 | 0 | $689,000 |
| 2022 | 1 | 1 | 0 | $275,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 1 | 1 | 0 | $250,000 |
| 2019 | 2 | 2 | 0 | $372,000 |
| 2018 | 6 | 6 | 0 | $1.4 million |
| 2017 | 4 | 4 | 0 | $670,000 |
| 2016 | 3 | 3 | 0 | $520,000 |
| 2015 | 2 | 2 | 0 | $307,000 |
| 2014 | 7 | 7 | 0 | $1.2 million |
| 2013 | 2 | 2 | 0 | $575,000 |
| 2012 | 2 | 2 | 0 | $445,000 |
| 2011 | 2 | 2 | 0 | $340,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $1.4 million |
| 2008 | 1 | 1 | 0 | $110,000 |
| 2007 | 4 | 4 | 0 | $661,000 |
| 2006 | 6 | 6 | 0 | $952,000 |
| 2005 | 3 | 3 | 0 | $478,000 |
| 2004 | 3 | 3 | 0 | $690,000 |
| 2003 | 5 | 5 | 0 | $2.3 million |
| 2002 | 5 | 5 | 0 | $1.7 million |
| 2001 | 4 | 4 | 0 | $1.1 million |
| 2000 | 3 | 3 | 0 | $350,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Rapids and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Rapids | $249K | +9.8% | $1,370 | 2 | $83,125 |
| Port Byron | — | +2%† | $990 | 2 | $111,667 |
| Port Byron | $312K | +9.2% | $1,060 | — | $77,083 |
| Hampton | $211K | +6.5% | $1,070 | — | $63,933 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,370
HUD's Fair Market Rent for a two-bedroom in Rapids is $1,370 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $970 · 4 bedrooms $2,170
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61275, 61278; Davenport-Moline-Rock Island, IA-IL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, March 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.