Example household · $83,730 · same pay · 1 adult

Rockford

Housing in Rockford, IL: Rent, Home Prices & Property Tax

$2,427 left/mo

$940/mo (1 bd) in Rockford. Median home $162,600. Property tax 2.43%.

Rent (1-bedroom)
$940
/mo
Buy
$1,365
Mortgage, tax, insurance
Buying costs more
$425
/mo

To buy

  • 20% down payment$32,520
  • Mortgage at 7.24%$886
  • Property tax (2.43% of value)$329/mo · $3,951/yr
  • Insurance and upkeep$149
  • Monthly total$1,365

Months to 20% down

$2,427 left each month. About 14 months (1.2 years) to save $32,520.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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