Real Estate Market Update for 61109 (Rockford, IL)
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 32% from one year earlier, and up 16% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just over 90-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 90-thousand dollars. The number of units sold decreased 37% year-over-year, and decreased 23% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 61109 (Rockford, IL)
Area Information for 61109 (Rockford, IL)
  • Population: 28,598
  • Median Age: 35.53 yr
  • Median Commute Time: 16.52 mins
  • Educational Climate*: 2
  • Sales Tax: 7.25%
  • Population Density: 741/sq mi
  • Population Change Since 2000: 8.42%
  • Closest Airport: Chicago/rockford International
  • Closest College: Rockford College
  • Closest Jr. College: Rockford Career College
  • Median Household Income: $42,873
  • Annual Residential Turnover: 15.62%
  • Median Years in Residence: 3.9 yr
  • Median Home Sales Price: $80,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 2%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 61109 (Rockford, IL)
Median Age: 35.53 Married: 31% Number of Households: 11,410 Households with Children: 3,911
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 61109 (Rockford, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Arthur Froberg Elementary School 1.3 mi Public PRESCHOOL-2 3 4
      Cathedral Baptist School 1.3 mi Private PRESCHOOL-11 0 4
      Cathedral Baptist School 1.3 mi Private PRESCHOOL-12 0 0
      Jefferson High School 1.6 mi Public 9-12 1 3
      Ceanci 150 Training Program 1.6 mi Public 9-12 0 0
      Academic Career Ed High School 1.6 mi Public 9-10 0 0
      Wm Nashold Elementary School 2.2 mi Public 3-5 1 2
      Our Lady Sacred Heart Academy 2.5 mi Catholic K-12 0 0
      Riverdahl Elementary School 2.5 mi Public PRESCHOOL-2 0 4
      St Edward School 2.7 mi Catholic PRESCHOOL-8 0 0
      Swan Hillman Elementary School 3.0 mi Public K-5 1 4
      F O L I T C A 3.4 mi Private 10-10 0 0
      Rockford Iqra' School 4.2 mi Private PRESCHOOL-12 0 4
      St Rita School 4.4 mi Catholic PRESCHOOL-8 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 61109 (Rockford, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.