A typical Rice home is worth roughly $280,000
Home prices around Rice have risen about 54% over the past 5 years.
What kind of housing town is Rice?
Read from the numbers below. The page puts what stands out first.
Home prices up 54% in 5 years
The federal house price index for the ZIP codes around Rice rose 54% over the past 5 years, faster than across Illinois (47%). Last year prices rose 14%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Rice, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
96% of Rice households own their home
Half of Rice’s homes were built before 1977.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 2.2 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Rice home, with $118K to spare.
A two-bedroom rents for about $930 a month here, $1,190 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Rice’s typical property tax (2.79% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $930
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Jo Daviess County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Rice vs. its neighbors
Rice is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Rice | $280K* | +13.5%† | $930 | $129,333 |
| East Galena | $300K* | +13.5%† | $930 | $103,008 |
| Elizabeth | $200K | +4.8% | $980 | $66,250 |
| Hanover | $120K | −4.5% | $930 | $43,750 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Rice buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. Price trend: Federal Housing Finance Agency House Price Index. 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.