Rent to Own Homes in Rockford
Today, Rockford is a diverse, determined city, with the BMO Harris Bank Center, a riverwalk connecting the Burpee Museum of National History and the Discovery Center Museum and dozens of other sources of civic pride. The city also houses the Chicago Rockford International Airport, a major hub for FedEx and a passenger airport alternative to O’Hare.
Buying a Home in Rockford?
The housing market in Rockford offers plenty of good news for buyers, beginning with an inventory of 2,423 homes listed within the past year. About half of those have sold, overall, but only about 14.2 percent sell each month. Nearly 68 percent of the homes on the market during the most recent month were traditional home sales, demonstrating the decreasing number of foreclosures and short sales. The median list price of a re-sale house in Rockford is $79,900, while the median sold price is $77,250. Houses are now selling more quickly, dropping to 58 days on the market from this year’s high of 105 days.
Popular Neighborhoods in Rockford Millennials, couples and retirees like the convenience and social outlets of Downtown. The neighborhood offers new, converted warehouse lofts in the heart of Downtown and modest bungalows around the fringes. The average sold price of a Downtown home is $35,000. Established families and executives appreciate the historic and older homes and high-rise apartments along Spring Brook Road. The wooded neighborhood has a low crime rate and is near Rock Valley College. The median price of a Spring Brook home is $162,751. The Perryville Road area is also a very safe neighborhood with newer homes. The median price of Perryville homes is $138,733.