HousingHandbookReference data

U.S. ZIP Code · IL61242

Rock Island County · Davenport-Moline-Rock Island, IA-IL

Typical home value

$232,124[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+11.0%
5-year / yr
+4.0%
10-year / yr
+3.4%

Relative price

vs U.S.
-18.3%
vs metro
+16.7%
vs state
+21.4%
ZIP 61242 location in IL
Location of ZIP 61242 in IL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 61242 is worth $232,124 — 16.7% above the Davenport-Moline-Rock Island, IA-IL median. Over the past year, values have risen 11.0%. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.5%[3]
Typical annual tax
$3,453[3]

#Climate risk

FEMA National Risk Index ratings for Rock Island County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
1,135[3]
Median household income
$104,219[3]

#Migration

Household moves in and out of Rock Island County over a year, from IRS tax-return data.

Net migration
-280[5]
Moved in
2,991
Moved out
3,271

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,174
Loan principal$185,699
Down payment$46,425
Total interest paid$236,849

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,655
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
38th percentile[1]
Rental yield
[2]
Property tax
32nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 61242?
The typical home in 61242 is worth $232,124, based on the Zillow Home Value Index.
Are home values rising in 61242?
Home values in 61242 are up 11.0% over the past year, and up 4.0% a year over five years.
What is the property tax rate in 61242?
The effective property tax rate in 61242 is 1.5% — roughly $3,453 a year on a typical home.
Who lives in 61242?
ZIP code 61242 has a population of 1,135 and a median household income of $104,219.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Geneseo, IL

    Typical home
    $242,949
    Gross yield
  • Orion, IL

    Typical home
    $220,773
    Gross yield
  • Davenport, IA

    Typical home
    $217,849
    Gross yield
    6.4%
  • Andalusia, IL

    Typical home
    $214,001
    Gross yield
  • Buffalo Prairie CDP, IL

    Typical home
    $208,682
    Gross yield
  • Hampton, IL

    Typical home
    $208,323
    Gross yield

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