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Rockford city, IL

ZIP 61103 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61103

Median Home Value
$114,800
Median Rent
$776
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$737/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 61103 in Rockford city, IL, a household would need roughly $32,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $737. That sits below the local median household income ($47,390), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
50.4%-23% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
84.0%-3% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
28.8%-42% vs US avg
x
Mortgage-Free
35.6%-7% vs US avg
x
$114,800
Home Value
$776
Rent
1955
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.7%
  • 1-unit attached2.2%
  • 2-9 units18.2%
  • 10+ units16.8%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,800
Median rent$776
Owner-occupied50.4%
Vacant10.9%
Price-to-income2.4x
Est. income to buy$32,000