Rockford, MI—49341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rockford, MI
As of Nov '25, the median home price in Rockford, MI is $434,000, with a year-over-year change of 6.3%. This indicates that home prices in Rockford, MI are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | 6.3% |
| Single Family | $443,000 | 6.2% |
| Condos | $387,000 | 6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $318,000 | 5.3% |
2 Bed | $313,000 | 6.1% |
3 Bed | $397,000 | 6.4% |
4 Bed | $477,000 | 5.3% |
| 5 Bed | $583,458 | 4.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Rockford, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Rockford, MI is 37. This is a decrease of -15.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $513,000 | 4.0% |
Listing Count | 123 | 5.0% |
| Listings as % of Homes | 0.7% | 5.0% |
Days on Market | 37 | -15.0% |
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% |
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% |
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% |
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 |
Affordability — Rockford, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $434,000 |
| Median Household Income | $113,000 |