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  4. /Rockford, IL - 61109

Rockford, IL—61109

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$196,000
11.4% YoY Growth
Household Income
$61,700
25.3% YoY Growth
Days on Market
33
11.0% Longer YoY
Home Price Forecast
4.9%
Median Rent
$1,150
10.4% YoY Growth
1-Bed Rent
$875
37.3% YoY Growth
2-Bed Rent
$1,120
10.7% YoY Growth
3-Bed Rent
$1,400
2.2% YoY Growth

Other Zip Codes in Rockford, IL

61102611076110161104611146110361108
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Rockford, IL

As of May '26, the median home price in Rockford, IL is $196,000, with a year-over-year change of 11.4%. This indicates that home prices in Rockford, IL are increasing. According to Zillow, the 1-year price projection is 4.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$196,00011.4%
Single Family $197,00011.3%
Condos $159,0008.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $67,000
    11.7%
    2 Bed
    		$103,00010.8%
    3 Bed
    		$218,00011.2%
    4 Bed
    		$252,0008.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    13.6%
    2 Bedrooms
    26.1%
    3 Bedrooms
    42.9%
    4 Bedrooms
    13.0%
    5+ Bedrooms
    2.9%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,150$1,170
    Studio Rent N/AN/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/AN/A
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    % of Rental Stock

    Studio
    3.8%
    1 Bedroom
    31.4%
    2 Bedrooms
    40.6%
    3 Bedrooms
    16.7%
    4 Bedrooms
    5.4%
    5+ Bedrooms
    2.1%

    Property Listings — Rockford, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Rockford, IL is 33. This is a increase of 11.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$200,000-20.0%
    Listing Count
    		6720.0%
    Listings as % of Homes0.4%20.0%
    Days on Market
    		3311.0%
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    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$25$875$850
    2 Bedroom-$10$1,120$1,110
    3 Bedroom$70$1,400$1,470
    4 BedroomN/AN/A$1,510

    Affordability — Rockford, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$196,000
    Median Household Income$61,700

    Rockford, IL — ZIP Code Boundary Map

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    Frequently Asked Questions