Home Values

61101 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$40,800

  • -2.4% 1-year change
  • 5.1% 1-year forecast

The median home value in 61101 is $40,800. 61101 home values have declined -2.4% over the past year and Zillow predicts they will rise 5.1% within the next year. The median rent price in 61101 is $675, which is lower than the Rockford median of $680.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 61101 homeowners underwater on their mortgage is 39.8%, which is higher than Rockford at 38.9%.

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Relative ZHVI
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61101 Market Overview

Data through Apr 30, 2015
  • $40,800 ZHVI
  • 5.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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61101 Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 39.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
61072 $132,400
61088 $132,200
61114 $128,700
Name Median ZHVI
61107 $100,900
61115 $91,200
61111 $87,000
Name Median ZHVI
61103 $59,900
61104 $44,500
61102 $41,500

Listings & Sales

  • No data
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61101 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $785 61101
    $931 Rockford
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $675 Rent list price
  • No data Rent list price / sq ft
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