Home Values

61103 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

$60,300

  • -2.0% 1-year change
  • 3.9% 1-year forecast

The median home value in 61103 is $60,300. 61103 home values have declined -2.0% over the past year and Zillow predicts they will rise 3.9% within the next year. The median price of homes currently listed in 61103 is $59,900 while the median price of homes that sold is $48,875. The median rent price in 61103 is $575, which is lower than the Rockford median of $650.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 61103 is 6.7%, which is higher than the national value of 6.4%. 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 61103 homeowners underwater on their mortgage is 44.2%, which is higher than Rockford at 37.2%.

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Relative ZHVI
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61103 Market Overview

Data through Jan 31, 2015
  • $60,300 ZHVI
  • 3.9% 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
    (Jan 31, 2016)
  • $59,900 Median listing price
  • $48,875 Median sale price (Dec 31, 2014)
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61103 Market Health

Data through Jan 31, 2015
  • 0.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 44.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
61073 $146,500
61072 $132,400
61114 $128,700
Name Median ZHVI
61107 $100,900
61115 $91,200
61111 $87,000
Name Median ZHVI
61108 $75,100
61104 $44,500
61101 $40,900

Listings & Sales

Data through Jan 31, 2015
  • $67 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
66.7%
Sold below listing
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61103 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $828 61103
    $890 Rockford
    $1,350 United States

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

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $575 Rent list price
  • No recent data Rent list price / sq ft
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