Flat Rock, IL
Population 362 · Illinois
About Flat Rock, IL
Flat Rock is a small community located in Illinois with a population of 362 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,881 per year, which is 34% below the national median of $75,149. The median age of 37.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Flat Rock features a median home value of $56,700, which is 77% below the national median of $244,900. This makes Flat Rock one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 169 total housing units, 87% are owner-occupied (129 units) and 13% are renter-occupied (19 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Flat Rock shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.4%, above the national average of 12.4%. Workers in Flat Rock have an average one-way commute time of 27.6 minutes.
Education & Demographics
13.4% of Flat Rock residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Flat Rock, IL
Compared to national averages, Flat Rock has a median household income of $49,881 (34% below the national median of $75,149). Home values average $56,700, which is 77% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Flat Rock's income is 34% below the state average of $75,072, and home values are 66% below the state median of $165,779.
Why Live in Flat Rock, IL?
Flat Rock offers affordable housing with a median home value of $56,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($49,881) that falls below the national average. However, Flat Rock’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Flat Rock has a population of 362 with a median age of 37.7 years. Compare Flat Rock with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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Economy & Education
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Flat Rock
What is the population of Flat Rock, IL?
The population of Flat Rock, IL is 362 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Flat Rock?
The median household income in Flat Rock, IL is $49,881 per year, which is 34% below the national median of $75,149.
What is the median home value in Flat Rock?
The median home value in Flat Rock, IL is $56,700, which is 77% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Flat Rock?
The median monthly rent in Flat Rock, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Flat Rock?
The unemployment rate in Flat Rock, IL is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Flat Rock, IL a good place to live?
Flat Rock offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 362 and a median age of 37.7, the city appeals to a broad range of residents.
How educated is Flat Rock, IL?
13.4% of residents in Flat Rock aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Flat Rock?
Key cost-of-living indicators for Flat Rock, IL: median home value is $56,700 (77% below national), median rent is $0/month, and median household income is $49,881. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Flat Rock?
The poverty rate in Flat Rock, IL is 14.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Flat Rock, IL?
Flat Rock's population is 0.0% White, 2.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.