Rockford, MI 49341 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rockford, MI—49341

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$463,000

5.7% YoY Growth

Household Income

$113,000

21.8% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$1,750

12.2% YoY Growth

1-Bed Rent

$1,620

3.8% YoY Growth

2-Bed Rent

$1,300

24.4% YoY Growth

3-Bed Rent

$2,200

12.1% YoY Growth

Home Price Trends — Rockford, MI

As of May '26, the median home price in Rockford, MI is $463,000, with a year-over-year change of 5.7%. This indicates that home prices in Rockford, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$463,000	5.7%
Single Family	$474,000	5.3%
Condos	$405,000	5.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Rockford, MI

As of July '25, Rentcast reports the average rent in Rockford, MI is $2,090, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Rockford, MI is 1-bedrooms: $1,620, 2-bedrooms: $1,530, 3-bedrooms: $2,970, 4-bedrooms: $2,220. The most common rental property sizes in Rockford, MI are 2-bedroom and 1-bedroom, accounting for 45.5% and 22.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,750	$2,090
Studio Rent	N/A	N/A
1 Bed Rent	$1,620	$1,620
2 Bed Rent	$1,300	$1,530
3 Bed Rent	$2,200	$2,970
4 Bed Rent	$1,750	$2,220

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% of Rental Stock

Studio

5.4%

1 Bedroom

22.6%

2 Bedrooms

45.5%

3 Bedrooms

18.0%

4 Bedrooms

7.5%

5+ Bedrooms

1.0%

Property Listings — Rockford, MI

As of May '26, Realtor.com reports that the median days on market for a home in Rockford, MI is 23. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$520,000	2.0%
Listing Count	126	7.0%
Listings as % of Homes	0.7%	7.0%
Days on Market	23	10.0%

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Demographics — Rockford, MI

As of the latest ACS Survey released in 2023, Rockford, MI has a population of 39,700, which has increased by 8.1% over the past 5 years. Rockford, MI is a popular place for families, as children make up 27.3% of the population. The area has a highly educated workforce, with 49.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	39,700	8.1%
% Under 18	27.3%	-2.8%
% Seniors	15.1%	22.8%
% WFH	18.7%	222.4%
% w/ College Degree	49.4%	6.9%

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As of the latest ACS Survey released in 2023, Rockford, MI is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Rockford, MI is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.7% of the population in Rockford, MI, and this percentage has decreased by 48.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.2%	-3.8%
% Black	0.7%	-22.2%
% Hispanic	3.8%	58.3%
% Asian	0.6%	-40.0%
% Foreign Born	1.7%	-48.5%

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Mortgage and Risk — Rockford, MI

According to HUD data as of 2023, there were 1190 mortgage originations in Rockford, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Rockford, MI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,190
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Rockford, MI

As of 2024, the percent of homes in Rockford, MI under the Section 8 program is 15.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Rockford, MI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	266
Total Units Section 8	214
% Rentals under Section 8	15.1%
% Occupied Section 8	94.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$280	$1,620	$1,340
2 Bedroom	$300	$1,300	$1,600
3 Bedroom	-$120	$2,200	$2,080
4 Bedroom	$530	$1,750	$2,280

Rockford, MI—49341

Key Metrics at a Glance

Home Price Trends — Rockford, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rockford, MI

% of Rental Stock

Property Listings — Rockford, MI

Demographics — Rockford, MI

Race and Ethnicity

Mortgage and Risk — Rockford, MI

Mortgages

Rentals and Section 8 — Rockford, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Rockford, MI

Home Price to Income Ratio

Rockford, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Belmont, MI

Cedar Springs, MI

Grand Rapids, MI

Ada, MI

Sand Lake, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$463,000
Median Household Income	$113,000

Rockford, MI—49341

Key Metrics at a Glance

Home Price Trends — Rockford, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rockford, MI

% of Rental Stock

Property Listings — Rockford, MI

Demographics — Rockford, MI

Race and Ethnicity

Mortgage and Risk — Rockford, MI

Mortgages

Rentals and Section 8 — Rockford, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Rockford, MI

Home Price to Income Ratio

Rockford, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Belmont, MI

Cedar Springs, MI

Grand Rapids, MI

Ada, MI

Sand Lake, MI

Frequently Asked Questions

What is the average home price in Rockford, MI 49341?

How have home prices in Rockford, MI 49341 changed over the past year?

What is the home price projection for Rockford, MI 49341?

What are the demographics of Rockford, MI 49341?

How long does it take homes to sell in Rockford, MI 49341?

What is the average rent price in Rockford, MI 49341?