Rockford - IL housing market

The typical Rockford home is worth $224,246 as of August 2026, up 0.5% from the prior month, up 1.3% over three months, and up 8.7% from a year ago. Over the past two years values have ranged from $194,503 to $224,246.

Homes are going pending in about 6 days, faster than the 7 days seen three months earlier. There are roughly 805 homes for sale, 10% more than a year ago. 20.8% of listings have taken a price cut (up from 15.9% three months ago).

Typical rent is $1,266 a month, up 6.3% year over year, which puts the price-to-rent ratio at 14.8.

At this week's 7.40% mortgage rate with 20% down ($44,849), the typical Rockford home costs about $1,522 a month including tax and insurance, which needs a household income of roughly $65,200 to stay under a 28% payment-to-income ratio.

The typical home value ($224,246) is the Zillow Home Value Index for the Rockford - IL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 8.7% over the past year. In Rockford - IL, that means a home worth $206,298 last year is now worth roughly $224,246.

The median sale price, what homes actually close for, is $205,946. Homes are selling at 100.9% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Rockford - IL sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 432 new listings hit the market each month in Rockford - IL. There are currently 805 homes for sale, up 9.5% from a year ago.

The typical monthly rent in Rockford - IL is $1,266, up 6.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.8x, buying territory (#154 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,242 a month in principal and interest, $24 less than renting before taxes, insurance and upkeep. The two break even at a 7.59% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →