Rockford, MN—55373
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rockford, MN
As of Oct '25, the median home price in Rockford, MN is $372,000, with a year-over-year change of 2.9%. This indicates that home prices in Rockford, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 2.9% |
| Single Family | $373,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $317,000 | 3.9% |
3 Bed | $336,000 | 4.0% |
4 Bed | $435,000 | 2.1% |
| 5 Bed | $565,000 | 3.5% |
% of Housing Stock
Rental Trends — Rockford, MN
As of July '25, Rentcast reports the average rent in Rockford, MN is $1,710, with a year-over-year rent change of -33.2%. Per bedroom, the median rent as of July '25 in Rockford, MN is 2-bedrooms: $1,510, 3-bedrooms: $1,800, 4-bedrooms: $2,420. The most common rental property sizes in Rockford, MN are 2-bedroom and 3-bedroom, accounting for 74.2% and 10.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,710 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,510 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $2,400 | $2,420 |
% of Rental Stock
Property Listings — Rockford, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Rockford, MN is 44. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | 13.0% |
Listing Count | 40 | 5.0% |
| Listings as % of Homes | 0.8% | 5.0% |
Days on Market | 44 | -22.0% |
Demographics — Rockford, MN
As of the latest ACS Survey released in 2023, Rockford, MN has a population of 5,720, which has decreased by -1.6% over the past 5 years. Rockford, MN is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 43.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,720 | -1.6% |
% Under 18 | 22.1% | -11.2% |
% Seniors | 14.9% | 75.3% |
% WFH | 12.8% | 116.9% |
% w/ College Degree | 43.5% | 29.9% |
As of the latest ACS Survey released in 2023, Rockford, MN is a predominantly white area, with 89.2% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Rockford, MN is asian, making up 3.5% of the population. Foreign-born residents account for 3.9% of the population in Rockford, MN, and this percentage has increased by 56.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.2% | -3.4% |
% Black | 1.8% | ∞% |
% Hispanic | 1.9% | -67.8% |
% Asian | 3.5% | 1,066.7% |
% Foreign Born | 3.9% | 56.0% |
Mortgage and Risk — Rockford, MN
According to HUD data as of 2023, there were 166 mortgage originations in Rockford, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Rockford, MN. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 166 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Rockford, MN
Rockford, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,250 |
| 2 Bedroom | $30 | $1,500 | $1,530 |
| 3 Bedroom | $240 | $1,800 | $2,040 |
| 4 Bedroom | -$120 | $2,400 | $2,280 |
Affordability — Rockford, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $372,000 |
| Median Household Income | $95,300 |