The housing market in Rockford, IL is quite vibrant and has seen growth over the past year. The median house value in Rockford is currently $132,700, which is significantly lower than the US median house value of $338,100. Despite this difference in prices, the 1-year appreciation rate for houses in Rockford is still higher than the national average at 8.47%, indicating that there is a healthy demand for housing within the city. Overall, it is clear that investing in property in Rockford can be beneficial and provide attractive returns on investment.
The median home cost in Rockford is $132,700. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Rockford is up 12.6%.
Average Age of Homes
- The median age of Rockford real estate is 55 years old
The Rental Market in Rockford
- Renters make up 38.9% of the Rockford population
- 2.9% of houses and apartments in Rockford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.