Rockford, IL Real Estate
According to census data in the year 2000 there were 63,607 housing units in Rockford.
This represents a 9.4% growth from 58,146 in 1990.
Of those housing units, 63,525 were located in either urbanized areas or urban clusters, and 82 were located in what is classified as a rural area.
Homeownership rate in Rockford is about 61.3%.
Rockford's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Rockford were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 14.50% |
| Two Bedrooms | 33.60% |
| Three Bedrooms | 35.90% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $79,900 |
| Median Price asked for vacant units | $65,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $418 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7% |
| Home Equity Loan | 8.90% |
| Simple Mortgage | 52.90% |
| Debt Free | 31% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
