Rockford Home Prices & Values

$190,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.0% 1-year change
  • 1.3% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Rockford is $190,100. Rockford home values have gone up 5.0% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in Rockford is $105, which is higher than the Grand Rapids Metro average of $94. The median price of homes currently listed in Rockford is $224,750 while the median price of homes that sold is $186,900. The median rent price in Rockford is $1,000, which is higher than the Grand Rapids Metro median of $899.

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 Rockford is 5.3%, which is lower than the national value of 7.2%. 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 Rockford homeowners underwater on their mortgage is 8.1%, which is lower than Grand Rapids Metro at 17.6%.

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Relative ZHVI
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Rockford Market Overview

Data through May 31, 2014
  • $190,100 ZHVI
  • 1.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $224,750 Median listing price
  • $186,900 Median sale price
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Rockford Market Health

Data through May 31, 2014
  • 5.7/10 Healthy What's This?  
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    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.

  • No data Average of days on Zillow
  • 8.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.3% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Forest Hills $267,300 Grand Rapids Township $201,800 Plainfield Township $169,900
Northview $131,200 Cedar Springs $128,100 Pierson $119,300
Comstock Park $117,700 Gowen $114,200 Sand Lake $113,200

Listings & Sales

Data through May 31, 2014
  • $105 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 26.5% Listings with price cut
17.3%
Sold below listing
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Rockford Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,349 Rockford
$1,092 Grand Rapids Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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