Rockford
Illinois · Ranked #11 of 373 metros
95Affordable
💡
Housing in Rockford costs 2.53× the median income, below the national average of 4.5×. The median home price is $170K and median rent is $991/month. Rockford ranks #11 of 373 metros for affordability.
Median Home Price
🏠$170K
Need $50K income
Median Rent
🔑$991
Need $40K income
Building Permits
🔨336
annual
Median Income
💰$67K
Pop: 342,195
Rent Burden
⚠️24.9%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Rockford | National |
|---|---|---|
| Price-to-Income Ratio | 2.53x | 6.1x |
| Rent Burden | 24.9% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +76.5%Since 2000: +113.8%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$810/mo
1 Bedroom$895/mo
2 Bedroom$1,175/mo
3 Bedroom$1,555/mo
4 Bedroom$1,594/mo
Zillow Market Data
Home Value (ZHVI)
$209K
1yr: +8.4%5yr: +58.5%
Rent (ZORI)
$1,199/mo
1yr: +6.8%5yr: +44.5%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$208K
Active Inventory
388
Days on Market
26
Sold Above List
30.3%
Price Drops
21.6%