According to statistics, the population in Rockford, IL amounts to 148,640, which shows decline -1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $41,991, shifting growth 5% from the past year, and the average property value in Rockford, IL decline -2% to $89,500 throughout the year.
|Number Of Employees||62,750|
|Median Property Value||$89,500|
The average household income in Rockford, IL grew from $40,143 to $41,991 in the past year. This data is an estimate based upon 58,939 households in Rockford, IL . The chart below presents how household income is distributed in Rockford, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Rockford, IL shifted from $91,400 to $89,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Rockford, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Rockford, IL properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Rockford, IL compared to median property taxes around the country. The prevalent amount of property taxes in Rockford, IL equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$162,463||-28.9%|
|1 bed for sale||$79,300||+47.3%|
|2 bed for sale||$98,204||-9.4%|
|3 bed for sale||$139,050||-0.9%|
|4+ bed for sale||$197,829||-10.8%|
During Aug 2022, the average price for an apartment in/near Rockford, IL decreased by 3.3% to $151,968.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 47.3% to $79,300. Asking price for 2-bed apartment also decreased by 9.4% and a place of this size will now cost you $98,204. A 3-bed apartment goes for $139,050, it decreased by 0.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 10.8% and made it down to $197,829.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$156,337||-0.9%|
|Condos for sale||$147,180||+3.9%|
|Duplexes for sale||$175,924||+1.7%|
|Land for sale||$81,512||-3.5%|
Price reports demonstrate that house price decreased by 0.9% this month making it up to $156,337. Condos are really in demand in this season. The median price for a condo increased by 3.9%, it’s now available for $147,180. You can now purchase a duplex for just $175,924, duplex price increased by 1.7% this month.