Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Rockford area can be challenging. Home prices in Downtown Rockford are now at a median cost of $77,400, lower than the Rockford average of $107,336.
The average cost of rent is $597/mo in Downtown Rockford, primarily driven by the current value of real estate in the Downtown Rockford area. While nearly 73.22% of residents own their homes outright in Downtown Rockford, 80.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Rockford is $1,569 per month. Households that rent pay about 38.04% of their income on rent here. Downtown Rockford's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the neighborhood.
Nearby Neighborhoods
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- Maple Manor, Elgin, IL: higher priced homes
- Elgin Historic District, Elgin, IL: higher priced homes
- Randall Hills, North Aurora, IL: higher priced homes
- Camp Lake, Trevor, WI: higher priced homes
- Valley View, Glen Ellyn, IL: higher priced homes
- Orchard Meadows, Mundelein, IL: higher priced homes
- Winston Park, Palatine, IL: higher priced homes
Neighborhoods with Similar Populations
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- McIntosh, Newport News, VA: higher priced homes
- Castleton, Indianapolis, IN: higher priced homes
- Golden Gate, Stuart, FL: higher priced homes
- Murphy Creek, Aurora, CO: higher priced homes
- McClymonds, Oakland, CA: higher priced homes
- Lake Road, Milwaukie, OR: higher priced homes
- Granville Historic District, Granville, OH: higher priced homes
- Garden District, Sandusky, OH: equally priced homes
- Gano, Chicago, IL: higher priced homes
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