Rockford, IL home prices
Typical home $222,178 · +8.5% in a year · income needed $75,000
The Rockford, IL metro area ranks 559 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +8.5% in a year and +53.0% over five years. With 20% down at 7.11%, the typical home costs about $1,749 a month including 2.39% property tax (Winnebago County rate).
Mortgage on the typical Rockford home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,436 | $177,742 | $1,196 | $0 | $553 | $1,749 | $75,000 |
| 10% down | $22,218 | $199,960 | $1,345 | $83 | $553 | $1,982 | $84,900 |
| 5% down | $11,109 | $211,069 | $1,420 | $88 | $553 | $2,061 | $88,300 |
| 3.5% down (FHA) | $7,776 | $218,153 | $1,468 | $98 | $553 | $2,119 | $90,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.39% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Rockford area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Winnebago County, IL | $211,111 | +8.9% | 2.39% |
| Boone County, IL | $286,262 | +6.4% | 2.18% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Rockford?
The typical home in the Rockford, IL metro area is worth $222,178 (Zillow, September 2026).
What salary do you need to buy a house in Rockford?
About $75,000 a year for the typical home with 20% down at 7.11%.