The housing median value in 61102 Rockford, IL is $74,100, which is significantly lower than the US median value of $338,100. However, despite this gap, the house appreciation rate in Rockford has been slightly higher than the national rate at 8.47%, compared to 8.27% across the US. This suggests that the real estate market in Rockford is steadily increasing and could be a great opportunity for potential homeowners looking for a good deal on a home.
The median home cost in Rockford (zip 61102) is $74,100. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Rockford (zip 61102) is up 12.6%.
Average Age of Homes
- The median age of Rockford (zip 61102) real estate is 62 years old
The Rental Market in Rockford (zip 61102)
- Renters make up 31.0% of the Rockford (zip 61102) population
- 2.4% of houses and apartments in Rockford (zip 61102), 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.