Flat Rock, IL

Full City Profile · Illinois · Lawrence County County

3.4 /5.0
B Good
362 Population 421/sq mi density
$49,881 Median Income $28,516 per capita
$56,700 Home Value $106,877 Zillow
56°F Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$49,881 median income, 6.5% unemployment
A+
Affordability
5.0 / 5.0
$56,700 home value, /mo rent
C
Education
2.1 / 5.0
13.4% bachelor's degree or higher

Housing Overview

Median Home Value
$56,700
80% below
US avg: $281,900
Homeownership Rate
87.2%
33% above US avg (65.4%)
Total Housing Units
198
Median year built: 1947

Home Value by Source

Census Median
$56,700
Zillow (ZHVI)
$106,877
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

87.2%
Owner-Occupied
12.8%
Renter-Occupied
87%
13%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo

Affordability & Housing Stock

Rent Burden
9.0%
of renters spending 30%+ of income on housing
71% below US avg (31.0%)
Median Year Built
1947
Average age of housing stock: 79 years
Homeownership Rate
87.2%

Complete Housing Data

Home Values

Census Median Value$56,700
Zillow Home Value (ZHVI)$106,877

Rent

FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Ownership & Stock

Owner-Occupied87.2%
Renter-Occupied12.8%
Homeownership Rate87.2%
Total Housing Units198
Median Year Built1947
Rent Burden9.0%