Rockford, IL—61102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rockford, IL
As of Oct '25, the median home price in Rockford, IL is $109,000, with a year-over-year change of 2.6%. This indicates that home prices in Rockford, IL are increasing. According to Zillow, the 1-year price projection is 4.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $109,000 | 2.6% |
| Single Family | $109,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $78,000 | 4.0% |
3 Bed | $125,000 | 4.2% |
4 Bed | $137,000 | 5.4% |
| 5 Bed | $139,000 | 3.0% |
% of Housing Stock
Rental Trends — Rockford, IL
As of July '25, Rentcast reports the average rent in Rockford, IL is $1,410, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in Rockford, IL is 2-bedrooms: $1,140, 3-bedrooms: $2,060. The most common rental property sizes in Rockford, IL are 2-bedroom and 3-bedroom, accounting for 42.2% and 37.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,140 |
| 3 Bed Rent | $2,000 | $2,060 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rockford, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Rockford, IL is 209. This is a increase of 521.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | 78.0% |
Listing Count | 35 | 5.0% |
| Listings as % of Homes | 0.3% | 5.0% |
Days on Market | 209 | 521.0% |
Demographics — Rockford, IL
As of the latest ACS Survey released in 2023, Rockford, IL has a population of 16,600, which has decreased by -6.4% over the past 5 years. Rockford, IL is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | -6.4% |
% Under 18 | 25.2% | -4.9% |
% Seniors | 14.0% | 13.8% |
% WFH | 5.8% | 100.0% |
% w/ College Degree | 8.1% | -13.8% |
As of the latest ACS Survey released in 2023, Rockford, IL is a predominantly white area, with 36.0% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Rockford, IL is black, making up 33.9% of the population. Foreign-born residents account for 9.0% of the population in Rockford, IL, and this percentage has decreased by 39.2% 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 | 36.0% | 3.4% |
% Black | 33.9% | 9.0% |
% Hispanic | 24.9% | -21.2% |
% Asian | 0.4% | -55.6% |
% Foreign Born | 9.0% | -39.2% |
Mortgage and Risk — Rockford, IL
According to HUD data as of 2023, there were 139 mortgage originations in Rockford, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Rockford, IL. Investor activity is low, as 4.0% 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 | 139 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Rockford, IL
Rockford, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 546 |
Total Units Section 8 | 447 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | -$130 | $1,200 | $1,070 |
| 3 Bedroom | -$590 | $2,000 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Rockford, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $109,000 |
| Median Household Income | $42,500 |