The housing median value in 61114 Rockford, IL is $205,300, which is significantly lower than the US median house value of $338,100. Despite the gap in value, the 1 year appreciation rate for houses in 61114 Rockford is 8.47%, which is higher than the national rate of 8.27%. Therefore, it can be concluded that home values in 61114 Rockford are on an upward trend and could be an attractive investment option for those looking to buy a house in this area.
The median home cost in Rockford (zip 61114) is $205,300. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Rockford (zip 61114) is up 12.6%.
Average Age of Homes
- The median age of Rockford (zip 61114) real estate is 36 years old
The Rental Market in Rockford (zip 61114)
- Renters make up 24.8% of the Rockford (zip 61114) population
- 0.2% of houses and apartments in Rockford (zip 61114), 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.