Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$222,178+8.5% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$48,163About 0.7× the local median income ($70,441): affordable for a typical household
Days on market38 daysAbout the same pace as a year ago
Next 12 months+5.1%Zillow expects prices to rise strongly
The typical home in Rockford, IL is worth $222,178, up 8.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $165,001, so the area is 34.7% overvalued. It is a balanced market, leaning toward sellers: homes take about 38 days to sell, listings are up 11% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 5.1% over the next year. A household needs about $48,163 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,441. Typical rent is $1,299 a month, or $1,652 for a house. In the latest IRS figures, 384 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$222,178
Change in 1 year
+8.5%
Overvalued %
+34.7%
Show 7 more
Fair home value
$165,001
Change in 5 years
+53.0%
Zillow forecast, next 12 months
+5.1%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,204
Income needed to afford it
$48,163
Property tax rate
2.36%
Rent and investing
Typical rent
$1,299
Typical rent for houses
$1,652
Price-to-rent ratio
14.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,172
Gross rental yield
7.02%
Cap rate (estimate)
4.56%
Market activity
Listings vs a year ago
+10.8%
Days on market
38
Listings with a price cut
16.4%
Show 3 more
Homes for sale
482
Pending sales per 100 listings
90
Asking price per sq ft
$141
People and jobs
Median household income
$70,441
Population change (1 year)
+0.2%
Unemployment rate
7.3%
Show 4 more
Population
337,242
Income adjusted for cost of living
$76,400
Net moves in (IRS)
−384
Cost of living (US = 100)
92.2
Schools, risk and environment
School rating (1 to 10)
4.4
FEMA hazard risk score (0 to 100)
86.8
Unhealthy air days a year
6
Show 4 more
Flood risk score
89.6
Wildfire risk score
28.8
Walkability (1 to 20)
6.9
Road, rail and air noise
54 dB
Questions people ask
Is Rockford, IL overvalued?
Home prices in Rockford, IL are well above what local incomes have historically supported: fair value is about $165,001, so the area is 34.7% overvalued.
Is Rockford, IL a buyer's or seller's market?
Rockford, IL is a balanced market, leaning toward sellers: homes take about 38 days to sell, listings are up 11% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Rockford, IL?
Home values in Rockford, IL are up 8.5% over the last year. Zillow's forecast for the next 12 months is +5.1%.
How much do you need to earn to buy a home in Rockford, IL?
A household needs about $48,163 a year to afford the typical home in Rockford, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,441.