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Housing in Rio

A typical Rio home is worth roughly $133,000

Typical home value
$133K
IL $298K
Estimate
2-bedroom rent
$930
a month, utilities in · HUD
Median tax bill
$2,128
IL $5,298

What kind of housing town is Rio?

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

★ What stands out · Affordability

What it takes to buy in Rio

Try your own numbers below.

You could afford about
$280,000
Typical Rio home $133K

That covers a typical Rio home, with $147K to spare.

The typical home, each month
$920
Loan $660Tax $220Insurance $40

A two-bedroom rents for about $930 a month here, $10 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.

Renting

A two-bedroom rents for about $930

Renters already here pay a median of $775, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$700
1 bedroom$750
2 bedrooms$930
3 bedrooms$1,210
4 bedrooms$1,430
17%
of households rent · IL 33%
18
renter households
$775
median rent paid today · Census

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

The homes

83% of Rio households own their home

Half of Rio’s homes were built before 1974.

Owners and renters
Own 83%Rent 17%

Illinois: 67% own.

1974
typical home built · IL 1971
$2,128
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.

Next door

Rio vs. its neighbors

Rio is the 2nd least expensive of 5 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Rio$133K*—$930$76,500
Henderson$200K*+6.8%†$930$72,116
North Henderson$174K+14.2%$990$73,167
Oxford$137K*—$1,110$74,792
Ontario$113K*—$1,020$72,375

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 Rio buyers, sellers and renters are saying.

Town Square →
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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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