Home prices
The median home price in Rockford is $181,900. It is about $167,720 (47%) lower compared to its surrounding areas.Compared to the rest of the nation it is approximately $35,600 (16%) lower, and is approximately $69,700 (27%) lower compared to the city of Minneapolis.
Rents
Rockford's median monthly rent is $974. This is approximately $33 (3%) lower compared to the surrounding areas.In comparison to the United States as a whole it is approximately $88 (8%) lower, and is about $53 (5%) lower in comparison to the city of Minneapolis.
Nearby places
Greenfield
Greenfield is Rockford's neighbor to the east. The real estate prices there are substantially more expensive. The price of the median home in Greenfield is $428,300, which comes out to $246,400 (57%) higher than Rockford. Rents there are somewhat more expensive. In Greenfield the median monthly rent is $1,313, which works out to $339 (25%) higher than Rockford.
Delano
Delano is roughly 3 miles southwest of Rockford. The housing prices there are somewhat more expensive. The price of the median home in Delano is $258,700, which comes out to $76,800 (29%) higher than Rockford. Its rents are a bit less expensive. Delano's median rent is $851 per month, which comes out to $123 (14%) lower than Rockford.
Independence
Independence is about 4 miles south from Rockford. Real estate prices there are substantially more expensive. The price of the median home in Independence is $502,900, which comes out to $321,000 (63%) higher than Rockford. Its rents are significantly more expensive. Independence's median monthly rent is $1,637, which comes out to $663 (40%) higher than Rockford.
Loretto
Loretto is approximately 5 miles southeast from Rockford. Housing prices there are a little more expensive. Loretto's median home cost is $260,400, which works out to $78,500 (30%) higher than Rockford. Rent there is significantly less expensive. The median rent in Loretto is $645 per month, which works out to $329 (51%) lower than Rockford.
Hanover
Hanover is about 5 miles northeast of Rockford. Real estate prices there are substantially more expensive. The price of the median home in Hanover is $297,800, which comes out to $115,900 (38%) higher than Rockford. Its rents are significantly less expensive. Hanover's median rent is $589 per month, which works out to $385 (65%) lower than Rockford.
