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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 $239,338, higher than the Indiana average of $232,932.
The average cost of rent is $799/mo in Rockford, primarily driven by the current value of real estate in the Rockford area. In Rockford, 21.20% of households rent, and 41.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rockford is $6,694 per month. Households that rent pay about 11.93% of their income on rent here. Rockford’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Liberty Center, IN: less expensive homes
- Plum Tree, IN: less expensive homes
- Markle, IN: less expensive homes
- Uniondale, IN: equally priced homes
- Bluffton, IN: less expensive homes
- Majenica, IN: equally priced homes
- Simpson, IN: higher priced homes
- Toll Gate Heights, IN: equally priced homes
- Warren, IN: less expensive homes
- Mount Zion, IN: less expensive homes
Cities with Similar Populations
- Louisville, KS: equally priced homes
- Spring Hill, IL: less expensive homes
- Smithfield, NE: higher priced homes
- Slab City, ME: higher priced homes
- Marshall, OK: less expensive homes
- Marmaton, KS: less expensive homes
- Maple Corner, OH: equally priced homes
- Mallory, NY: less expensive homes
- Lyons, SD: higher priced homes
- Lucerne, CO: higher priced homes
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