Rockford, IL Housing Market: Home Prices & Rent
Rockford, IL home values since 2000
Last few years
Rent in Rockford, IL
Owning vs renting, monthly
Buying the typical Rockford, IL home with 20% down at this week's 7.32% 30-year rate costs about $1,499/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,299/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Rockford, IL vs Illinois vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $222k | +8.5% | $1,299/mo |
| Illinois | $296k | +5.3% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Rockford, IL?
No - the typical Rockford, IL-area home value is up 8.5% over the past 12 months, at $222k (September 2026).
Is the Rockford, IL housing market crashing?
Home values are close to their 2020s high and up 8.5% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Rockford, IL?
Typical rent in the Rockford, IL metro is $1,299 a month (September 2026), +7.0% over 12 months.
How much income do you need to buy a home in Rockford, IL?
About $72k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Chicago, IL · Bloomington, IL · Wichita, KS · Corpus Christi, TX · Abilene, TX · Victoria, TX
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Rockford, IL metro area. How we calculate.