Home prices
Rockford's median home value is $91,600. Compared to its nearby areas this is approximately $40,340 (30%) lower.It is about $125,900 (57%) lower compared to the nation as a whole, and in comparison to the city of Chicago it is about $166,400 (64%) lower.
Rents
Rockford's median monthly rent is $772. In comparison to its nearby areas this is approximately $39 (4%) lower.Compared to the entire nation it is about $290 (27%) lower, and in comparison to the city of Chicago is about $340 (30%) lower.
Nearby places
Cherry Valley
Cherry Valley is Rockford's neighbor to the southeast. The housing prices there are significantly more expensive. The median home in Cherry Valley costs $170,100, which works out to $78,500 (46%) higher than Rockford. Its rents are pretty similar. Cherry Valley's median monthly rent is $739, which comes out to $33 (4%) lower than Rockford.
New Milford
New Milford is Rockford's neighbor to the south. The housing prices there are a little more expensive. The value of the median home in New Milford is $116,700, which works out to $25,100 (21%) higher than Rockford. Rents there are somewhat less expensive. New Milford's median monthly rent is $689, which works out to $83 (12%) lower than Rockford.
Loves Park
Loves Park is Rockford's neighbor to the northeast. Real estate prices there are somewhat more expensive. The median home cost in Loves Park is $111,900, which comes out to $20,300 (18%) higher than Rockford. The rent there is a bit more expensive. Loves Park's median rent is $848 per month, which is $76 (8%) higher than Rockford.
Machesney Park
Machesney Park is Rockford's neighbor to the north. Housing prices there are somewhat more expensive. Machesney Park's median home value is $120,700, which is $29,100 (24%) higher than Rockford. Its rents are a little more expensive. The median monthly rent in Machesney Park is $956, which is $184 (19%) higher than Rockford.
Winnebago
Winnebago is approximately 7 miles west of Rockford. Housing prices there are a lot more expensive. The median home price in Winnebago is $140,300, which is $48,700 (34%) higher than Rockford. Its rents are somewhat more expensive. In Winnebago the median rent is $821 a month, which works out to $49 (5%) higher than Rockford.
