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Rochelle

Learn about the people, housing, costs and businesses in Rochelle, Illinois

Median Home$159,655
Median Rent$991/month
Population9,430
Leading IndustriesInformation & Media · Retail · Finance & Insurance9% information & media
Home Value Growth⬆⬆+11.6% over 2 years
Young Adults33% of residentswell above average
Homeowners60% of occupied units
NotableTransit82/100 · excellent transit access
NotableAmenity Score70/100 · highly walkable area
Rochelle
IL

Frequently Asked Questions

What are today's mortgage rates in Rochelle?

As of today, the 30-year fixed mortgage rate for Rochelle is approximately 7.013% (7.026% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Rochelle?

The median home value in Rochelle is $160k. The median monthly rent is $991. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rochelle?

Home values in Rochelle have increased 11.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Rochelle?

Based on a typical all-in ownership cost of $982/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rochelle is $69k/year.

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What industries drive the economy in Rochelle?

The largest employment sectors in Rochelle are public administration (22%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.