Zip 61108 (Rockford, IL) Housing

The median value of housing in 61108 Rockford, IL is $137,900. This is significantly less than the US house median value of $338,100. Despite this disparity, the appreciation rate for houses in Rockford was 8.47% over the past year, which is slightly higher than the national average of 8.27%. This indicates that there are some great investment opportunities available in Rockford's housing market right now. Those looking for affordable housing in a growing market should definitely consider 61108 Rockford, IL as an option.

The median home cost in Rockford (zip 61108) is $137,900. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Rockford (zip 61108) is up 12.6%.

Average Age of Homes

- The median age of Rockford (zip 61108) real estate is 50 years old

The Rental Market in Rockford (zip 61108)

- Renters make up 30.1% of the Rockford (zip 61108) population
- 2.7% of houses and apartments in Rockford (zip 61108), 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
	12,951.0	139,647,020.0
	52	42
	$137,900	$338,100
	12.6%	16.6%
	52.2%	57.0%
	55.4%	101.1%
	$30.15	$10.98
	$3,247	$2,690
	58.0%	57.4%
	7.7%	11.2%
	34.3%	31.4%
Vacant Housing
	2.7%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.2%	0.4%
	0.4%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	1.1%	2.4%
	3.6%	2.8%
	15.8%	3.9%
	22.7%	4.5%
	31.6%	11.3%
	17.0%	13.0%
	5.8%	20.1%
	0.5%	13.6%
	0.5%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	12.4%	13.6%
	10.5%	13.2%
	21.7%	14.8%
	12.4%	13.6%
	17.9%	10.0%
	5.6%	4.7%
	5.5%	12.2%

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