Rockford - IL housing market

The typical Rockford home is worth $222,178 as of September 2026, up 0.5% from the prior month, up 1.4% over three months, and up 8.5% from a year ago. Over the past two years values have ranged from $192,732 to $222,178.

Homes are going pending in about 7 days, slower than the 6 days seen three months earlier. There are roughly 828 homes for sale, 9% more than a year ago. 23.2% of listings have taken a price cut (up from 16.7% three months ago).

Typical rent is $1,299 a month, up 6.8% year over year, which puts the price-to-rent ratio at 14.3.

At this week's 7.40% mortgage rate with 20% down ($44,436), the typical Rockford home costs about $1,508 a month including tax and insurance, which needs a household income of roughly $64,600 to stay under a 28% payment-to-income ratio.

The typical home value ($222,178) 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 8.5% over the past year. In Rockford - IL, that means a home worth $204,772 last year is now worth roughly $222,178.

The median sale price, what homes actually close for, is $207,196. Homes are selling at 100.8% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Rockford - IL sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.

About 23.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 407 new listings hit the market each month in Rockford - IL. There are currently 828 homes for sale, up 9.1% from a year ago.

The typical monthly rent in Rockford - IL is $1,299, up 6.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.3x, buying territory (#163 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,231 a month in principal and interest, $68 less than renting before taxes, insurance and upkeep. The two break even at a 7.96% 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 →