Cheap Homes in Rockford, IL

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Rockford, IL Foreclosures

How much do homes sell for in Rockford, IL?
The average home price is currently $156,594.
In Rockford, IL, how many homes are available?
There are currently 59,429 active home listings available in Rockford.
What’s the average rental cost in Rockford, IL?
The average rental price in Rockford is $1,131.
What is the most expensive home in Rockford, Illinois?
The most expensive home sold in Rockford had a price of $5,874,000.
What is currently the cheapest priced home in Rockford, IL?
The cheapest home for sale in Rockford is priced at $12,428.

Home Value Estimator For Rockford, IL

There are currently 59,429 real estate properties in Rockford, IL, with a median automated valuation model (AVM) price of $144,866.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rockford, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rockford, IL, is $156,594.00, with the most expensive house in Rockford, IL, topping out at $5,874,000.00 and the cheapest home in Rockford, IL, clocking in at $12,428.00. In other words, there’s something for every potential homebuyer or savvy investor in Rockford, IL!

Rent Prices In Rockford, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rockford, IL, is on a rollercoaster ride. The average rent price in Rockford, IL, is $1,131.00. Indeed, when looking to rent in Rockford, IL, you can expect to pay as little as $430.00 or as much as $3,100.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Rockford, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Rockford, IL In 2024

Rockford is located in Winnebago, Illinois, with an estimated municipal population of 145,609 residents. All of the best foreclosed homes for sale in Rockford are located in the following zip code areas on 61114 61109 61108 61104 61107 61101 61103 61102 61105 61106 61110 61125 61126. The estimated population per square kilometer (.62 miles) in Rockford is 873.

Cost Of Living In Rockford, IL

So, about how much do homes cost in Rockford? The most recent median value of resident-owned homes in Rockford is 91,653. An estimated 54.2 percent of households in Rockford own their homes, with an average family size of 3.11. The median household income in Rockford is 44,252, with15.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rockford, the median commute time of resident workers (in minutes) is 21.3. And last, but certainly not least, are you looking for homes to rent in Rockford? If so, the average rent price paid by renters in Rockford is 772, according to recent statistics.

Diversity And Demographics In Rockford, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Rockford, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Rockford is 37.2, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Rockford is 40.3, with an average family size of 3.11.

The percentage of residents who report their race in Rockford is as follows:

White 67.7%
Black / African American 21.6%
Asian 3.4%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.3%
Other 2.7%

Looking for family-friendly neighborhoods in and/or near Rockford? Or maybe you are searching for 55+ active adult communities in and/or near Rockford?

The percentage of residents who report their age in Rockford is as follows:

Under 10 13.9%
Aged 10-19 13.6%
20s 13.6%
30s 12.2%
40s 11.9%
50s 12%
60s 11.3%
70s 6.5%
80+ 5.1%

Best Schools In Rockford, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Rockford with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rockford.

Pros And Cons Of Living In Rockford, Illinois

How do you know that living in -- or moving to -- Rockford is right where you need to be? Perhaps you grew up in Rockford or already live nearby; therefore, the decision to buy a home in Rockford is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rockford for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Rockford:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rockford.

Reasons To Move To Rockford, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rockford can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rockford, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Rockford, IL


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