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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 $379,231, higher than the Michigan average of $250,415.
The average cost of rent is $1,380/mo in Rockford, primarily driven by the current value of real estate in the Rockford area. In Rockford, 9.72% of households rent, and 35.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rockford is $9,705 per month. Households that rent pay about 14.22% of their income on rent here. Rockford’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Belmont, MI: equally priced homes
- Cannonsburg, MI: higher priced homes
- Edgerton, MI: less expensive homes
- Northview, MI: less expensive homes
- Cedar Springs, MI: less expensive homes
- Evans, MI: less expensive homes
- Grattan, MI: less expensive homes
- Parnell, MI: equally priced homes
- Sparta, MI: less expensive homes
- Comstock Park, MI: less expensive homes
Cities with Similar Populations
- Bel Air North, MD: higher priced homes
- Aguada, PR: less expensive homes
- Southington, CT: equally priced homes
- Butte, MT: less expensive homes
- Burlingame, CA: higher priced homes
- Black Lick, OH: equally priced homes
- Bixby, OK: less expensive homes
- Belvidere, IL: less expensive homes
- Barstow, CA: less expensive homes
- Banning, CA: equally priced homes
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