Unlocking Investment Potential: A Guide to Rental Properties in Rock Island County, IL

Introduction

Investing in rental properties can be a lucrative way to generate passive income and build wealth over time. A good rental property is characterized by its ability to attract tenants consistently, maintain value, and generate a positive cash flow. Key factors that contribute to the quality of a rental property include location, neighborhood amenities, proximity to work and travel hubs, local attractions, and unique characteristics that make the property stand out. Rock Island County, IL, offers a diverse range of neighborhoods that cater to different investor preferences and tenant needs. This guide provides an overview of the best neighborhoods in Rock Island County, grading each on various critical factors to help investors make informed decisions.

Best Neighborhoods and Areas in Rock Island County, IL

1. Downtown Rock Island

Grades:

• Convenience: A
• Tourist Attractions: B+
• Things to Do: A-
• Average Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: A
• X-Factor: A

Convenience: A Downtown Rock Island offers excellent convenience with a variety of shops, restaurants, and essential services within walking distance. Public transportation is easily accessible, making it a prime location for tenants who prefer urban living.

Tourist Attractions: B+ The downtown area is home to several notable attractions, including the Rock Island Arsenal Museum and the historic Circa '21 Dinner Playhouse. While it may not have as many tourist hotspots as larger cities, the existing attractions contribute positively to the neighborhood’s appeal.

Things to Do: A- Residents can enjoy a vibrant nightlife, numerous dining options, and cultural events throughout the year. The downtown area also hosts festivals and community events, adding to its lively atmosphere.

Average Home Prices: B Home prices in downtown Rock Island are relatively affordable compared to national averages, making it an attractive option for investors. The area has seen steady appreciation, offering potential for long-term gains.

Return on Investment: A Due to its central location and amenities, downtown Rock Island provides a high rental demand, translating into strong rental income and solid ROI for investors.

Proximity to Work-Related Travel: A The downtown area is conveniently located near major highways and public transportation hubs, facilitating easy commutes to work and nearby cities. The proximity to hospitals and convention centers adds to its attractiveness for working professionals.

X-Factor: A The unique blend of historic charm and modern amenities gives downtown Rock Island its distinctive character. The riverfront views and the presence of local art scenes make it a highly desirable area.

2. Moline

Grades:

• Convenience: B+
• Tourist Attractions: A
• Things to Do: B+
• Average Home Prices: B
• Return on Investment: A-
• Proximity to Work-Related Travel: A-
• X-Factor: B+

Convenience: B+ Moline offers good convenience with various shopping centers, grocery stores, and essential services. The transportation network is reliable, although not as comprehensive as downtown Rock Island.

Tourist Attractions: A Moline boasts significant tourist attractions like the John Deere Pavilion and the iWireless Center, which hosts concerts and sporting events. These attractions draw visitors and enhance the area’s appeal.

Things to Do: B+ Residents can enjoy recreational activities along the Mississippi River, numerous parks, and a selection of dining and entertainment options. While it may not have as many options as larger urban centers, it offers a pleasant variety.

Average Home Prices: B Home prices in Moline are moderate, offering good value for investors. The housing market has shown steady growth, making it a reliable investment choice.

Return on Investment: A- With its mix of attractions and amenities, Moline provides a stable rental market and promising ROI. The demand for rental properties is consistent, ensuring a steady income stream.

Proximity to Work-Related Travel: A- Moline is well-connected to major highways and is in close proximity to the Quad City International Airport, making it convenient for work-related travel. Its accessibility to major employment centers is a significant advantage.

X-Factor: B+ Moline’s unique charm lies in its blend of industrial history and modern development. The presence of major employers like John Deere adds to its economic stability and attractiveness for renters.

3. East Moline

Grades:

• Convenience: B
• Tourist Attractions: B
• Things to Do: B
• Average Home Prices: A
• Return on Investment: B+
• Proximity to Work-Related Travel: B
• X-Factor: B

Convenience: B East Moline offers a decent level of convenience with access to essential services and shopping areas. The transportation options are adequate, though not as extensive as in larger urban centers.

Tourist Attractions: B While East Moline may not have as many major tourist attractions as neighboring areas, it has several parks and community centers that contribute to its appeal.

Things to Do: B Residents have access to local parks, community events, and a selection of dining options. While it may not be as bustling as other areas, it offers a comfortable and enjoyable living environment.

Average Home Prices: A Home prices in East Moline are lower compared to other parts of Rock Island County, making it an attractive option for investors seeking affordable properties with potential for appreciation.

Return on Investment: B+ The lower home prices contribute to a favorable ROI. While the rental demand may not be as high as in more central areas, the affordability of properties ensures a good income potential.

Proximity to Work-Related Travel: B East Moline is reasonably accessible to major highways and employment centers, although it may require slightly longer commutes compared to other areas in the county.

X-Factor: B East Moline’s x-factor lies in its community-focused atmosphere and affordability. It’s a great option for tenants seeking a quieter, more residential environment while still being close to urban amenities.

4. Silvis

Grades:

• Convenience: B
• Tourist Attractions: B
• Things to Do: B
• Average Home Prices: A
• Return on Investment: B+
• Proximity to Work-Related Travel: B
• X-Factor: B

Convenience: B Silvis offers a good level of convenience with access to essential services and local businesses. The transportation network is sufficient, though not as robust as in larger areas.

Tourist Attractions: B Silvis features local attractions such as the Hero Street Memorial Park, which adds a unique historical touch. While not a major tourist destination, it offers meaningful local sites.

Things to Do: B Residents can enjoy local parks, community events, and a selection of dining options. The area provides a pleasant living environment with adequate recreational opportunities.

Average Home Prices: A Home prices in Silvis are relatively low, making it an attractive option for investors looking for affordable properties with potential for appreciation.

Return on Investment: B+ The affordability of properties in Silvis contributes to a favorable ROI. While the rental market may not be as strong as in central areas, the low entry cost ensures good income potential.

Proximity to Work-Related Travel: B Silvis is reasonably accessible to major highways and employment centers, although it may require slightly longer commutes compared to other parts of the county.

X-Factor: B Silvis’ x-factor lies in its community-oriented atmosphere and historical significance. It offers a unique blend of small-town charm and proximity to urban amenities, making it appealing to a variety of tenants.

5. Milan

Grades:

• Convenience: B
• Tourist Attractions: B-
• Things to Do: B-
• Average Home Prices: A
• Return on Investment: B
• Proximity to Work-Related Travel: B
• X-Factor: B-

Convenience: B Milan provides a decent level of convenience with access to essential services and local businesses. The transportation options are sufficient for daily commuting needs.

Tourist Attractions: B- Milan has fewer major tourist attractions, but its proximity to Rock Island and Moline allows residents to enjoy nearby amenities and attractions.

Things to Do: B- Residents can enjoy local parks and community events, although the area may not offer as many recreational options as other neighborhoods in the county.

Average Home Prices: A Home prices in Milan are among the most affordable in Rock Island County, making it an attractive option for budget-conscious investors.

Return on Investment: B The lower home prices contribute to a good ROI, although the rental demand may not be as high as in more central areas. Investors can still achieve a decent income potential.

Proximity to Work-Related Travel: B Milan is reasonably accessible to major highways and employment centers, although it may require slightly longer commutes compared to other parts of the county.

X-Factor: B- Milan’s x-factor lies in its affordability and community-focused environment. It offers a quiet, residential atmosphere with easy access to nearby urban amenities, making it appealing to families and individuals seeking a more suburban lifestyle.

Conclusion

Rock Island County, IL, offers a variety of neighborhoods with unique characteristics and investment potentials. Whether you prioritize convenience, tourist attractions, or affordability, there is a neighborhood that aligns with your investment goals. By understanding the strengths and weaknesses of each area, investors can make informed decisions and unlock the investment potential of rental properties in Rock Island County.