In May 2017, there were two homes sold, with a median sale price of $165,000 - a 29.8% decrease over the $235,000 median sale price for the same period of the previous year. There were two homes sold in Rio in May 2016, as well.
The median sales tax in Rio for 2017 was $1,704. In 2016, the median sales tax was $1,945. This marks an decrease of 12.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.
The following table compares Rio to other Knox County cities in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oak Run | 2 | 4 | -50% | $183,000 | $300,000 | -39% |
| Rio | 2 | 2 | 0% | $165,000 | $235,000 | -29.8% |
| Williamsfield | 4 | 0 | - | $90,000 | $0 | - |
| Oneida | 3 | 3 | 0% | $89,000 | $78,000 | 14.1% |
| Knoxville | 6 | 4 | 50% | $79,500 | $107,250 | -25.9% |
| Galesburg | 51 | 53 | -3.8% | $60,000 | $55,000 | 9.1% |
| Maquon | 1 | 2 | -50% | $48,500 | $95,000 | -48.9% |
| Abingdon | 2 | 6 | -66.7% | $29,750 | $32,000 | -7% |
| Wataga | 2 | 0 | - | $17,250 | $0 | - |
| Dahinda | 1 | 1 | 0% | $8,000 | $9,000 | -11.1% |
| Altona | 0 | 0 | - | $0 | $0 | - |
| Henderson | 0 | 0 | - | $0 | $0 | - |
| Gilson | 0 | 3 | -100% | $0 | $60,000 | -100% |
| Yates City | 0 | 3 | -100% | $0 | $52,000 | -100% |
| East Galesburg | 0 | 1 | -100% | $0 | $126,000 | -100% |
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