Zip 61103 (Rockford, IL) Housing

The housing market in 61103 Rockford, IL is doing well compared to the national average. The median value of homes in the area is $102,700 which is significantly lower than the median home value in the US of $338,100. Additionally, the one year house appreciation rate for Rockford is 8.47%, slightly higher than the 8.27% nationally. Overall this indicates that housing prices are increasing steadily and it could be a great time to purchase a home in this area.

The median home cost in Rockford (zip 61103) is $102,700. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Rockford (zip 61103) is up 12.6%.

Average Age of Homes

- The median age of Rockford (zip 61103) real estate is 63 years old

The Rental Market in Rockford (zip 61103)

- Renters make up 42.0% of the Rockford (zip 61103) population
- 3.9% of houses and apartments in Rockford (zip 61103), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rockford, Illinois	United States
	11,469.0	139,647,020.0
	66	42
	$102,700	$338,100
	12.6%	16.6%
	52.2%	57.0%
	55.4%	101.1%
	$28.77	$10.98
	$2,546	$2,690
	45.4%	57.4%
	12.8%	11.2%
	41.8%	31.4%
Vacant Housing
	3.9%	1.9%
	0.7%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	6.9%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	3.1%	2.4%
	12.1%	2.8%
	24.8%	3.9%
	13.3%	4.5%
	22.5%	11.3%
	10.7%	13.0%
	6.9%	20.1%
	1.9%	13.6%
	1.0%	8.3%
	1.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	4.2%	13.6%
	4.1%	13.2%
	15.0%	14.8%
	4.2%	13.6%
	19.4%	10.0%
	7.9%	4.7%
	31.8%	12.2%

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