
Home Price Key
These days, finding an affordable place to live in the Rockford area can be challenging. Home prices in Rockford are now at a median cost of $107,336, lower than the Illinois average of $242,002.
The average cost of rent is $925/mo in Rockford, primarily driven by the current value of real estate in the Rockford area. While nearly 44.33% of residents own their homes outright in Rockford, 38.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rockford is $4,633 per month. Households that rent pay about 19.95% of their income on rent here. Rockford's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Loves Park, IL: higher priced homes
- Cherry Valley, IL: higher priced homes
- New Milford, IL: higher priced homes
- Machesney Park, IL: higher priced homes
- Morristown, IL: higher priced homes
- Caledonia, IL: higher priced homes
- Winnebago, IL: higher priced homes
- Irene, IL: higher priced homes
- Belvidere, IL: higher priced homes
- Roscoe, IL: higher priced homes
Cities with Similar Populations
- Kalamazoo, MI: higher priced homes
- Jackson, TN: higher priced homes
- Irvine, CA: higher priced homes
- Kennesaw, GA: higher priced homes
- Johnson City, TN: higher priced homes
- Kendall, FL: higher priced homes
- Jersey City, NJ: higher priced homes
- Independence, MO: higher priced homes
- Jacksonville, NC: higher priced homes
- Kennewick, WA: higher priced homes
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