Rental numbers for Stephenson County, IL
The typical home here runs -$658 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.8%.
- Gross yield
- 7.0%
- typical home, Zillow
- Median ZIP yield
- 8.8%
- 1 ZIPs with full data
- Cash flow
- -$658/mo
- at 7.78%, 25% down
- Typical price
- $163,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $946/mo
- Zillow ZORI, Aug 2026
ZIP codes in Stephenson County
8 with published figures
| 61032Freeport | $131,000 | $955 | 8.8% | 2.7% | -$413 | n/a |
| 61070Rock City | $228,000 | $1,260* | 6.6% | 1.8% | -$888 | n/a |
| 61089Winslow | $195,000 | $980* | 6.0% | 1.1% | -$869 | n/a |
| 61019Davis | $273,000 | $1,330* | 5.9% | 1.3% | -$1,178 | n/a |
| 61039German Valley | $223,000 | $1,070* | 5.8% | 1.2% | -$975 | n/a |
| 61060Orangeville | $214,000 | $920* | 5.1% | 0.7% | -$1,031 | n/a |
| 61048Lena | $215,000 | $920* | 5.1% | 0.4% | -$1,088 | n/a |
| 61062Pearl City | $221,000 | $920* | 5.0% | 0.5% | -$1,102 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +9.0%
- Rent, 12 months
- +28.4%
- Rent minus price growth
- +19.3 pts
- Property tax
- 2.40%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $109,287 | n/a |
| Aug 2022 | $122,192 | n/a |
| Aug 2023 | $129,047 | n/a |
| Aug 2024 | $137,722 | $665 |
| Aug 2025 | $149,104 | $737 |
| Aug 2026 | $162,553 | $946 |
HUD Fair Market Rent
FY2027, Stephenson County, IL
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $648 | $711 | $930 | $1,179 | $1,458 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 0.8
- 16 units, last 12 months
- National percentile
- 15th
- among US counties
Tools
Test a listing in Stephenson County against today's rate.
Open the calculatorPart of the Freeport, IL metro.
Questions
- Is Stephenson County good for rental property?
- The typical home here runs -$658 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Stephenson County?
- About 2.40% of value, from Census ACS median taxes paid over median home value. On a $163,000 home that is about $3,905 a year.
- What is Fair Market Rent in Stephenson County?
- HUD's FY2027 Fair Market Rent here is $711 for a 1-bedroom, $930 for a 2-bedroom and $1,179 for a 3-bedroom. Typical cash flow at today's rate is -$658 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.