Rockford, IL—61109
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 $180,000, with a year-over-year change of 8.2%. 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 | $180,000 | 8.2% |
| Single Family | $181,000 | 8.4% |
| Condos | $148,000 | 10.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $62,000 | 0.0% |
2 Bed | $96,000 | 4.3% |
3 Bed | $200,000 | 8.7% |
4 Bed | $234,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rockford, IL
As of July '25, Rentcast reports the average rent in Rockford, IL is $1,170, with a year-over-year rent change of 10.4%. Per bedroom, the median rent as of July '25 in Rockford, IL is 1-bedrooms: $1,060, 2-bedrooms: $1,140, 3-bedrooms: $1,400. The most common rental property sizes in Rockford, IL are 2-bedroom and 1-bedroom, accounting for 40.6% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $1,060 |
| 2 Bed Rent | $1,120 | $1,140 |
| 3 Bed Rent | $1,400 | $1,400 |
| 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 32. This is a increase of 42.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | 17.0% |
Listing Count | 50 | -23.0% |
| Listings as % of Homes | 0.4% | -23.0% |
Days on Market | 32 | 42.0% |
Demographics — Rockford, IL
As of the latest ACS Survey released in 2023, Rockford, IL has a population of 26,700, which has decreased by -1.9% over the past 5 years. Rockford, IL is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,700 | -1.9% |
% Under 18 | 24.5% | 0.4% |
% Seniors | 14.7% | 6.5% |
% WFH | 5.4% | 145.5% |
% w/ College Degree | 17.9% | 20.9% |
As of the latest ACS Survey released in 2023, Rockford, IL is a predominantly white area, with 56.8% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Rockford, IL is hispanic, making up 20.7% of the population. Foreign-born residents account for 12.8% of the population in Rockford, IL, and this percentage has increased by 10.3% 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 | 56.8% | -9.8% |
% Black | 13.2% | 5.6% |
% Hispanic | 20.7% | 10.1% |
% Asian | 5.0% | 56.2% |
% Foreign Born | 12.8% | 10.3% |
Mortgage and Risk — Rockford, IL
According to HUD data as of 2023, there were 328 mortgage originations in Rockford, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Rockford, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 328 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
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 | 461 |
Total Units Section 8 | 378 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 81.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $875 | $850 |
| 2 Bedroom | -$10 | $1,120 | $1,110 |
| 3 Bedroom | $70 | $1,400 | $1,470 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Rockford, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $180,000 |
| Median Household Income | $61,700 |