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1 / 16#16. Rockford, IL
- Typical home value: $186,897
- 1-year price change: +9.7%
- 5-year price change: +59.7%
Cities with the most expensive homes in the Rockford metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Rockford metro area using data from . Charts show the monthly typical home value since January 2018. All 16 cities and towns with data available were included in the list.
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2 / 16#15. Loves Park, IL
- Typical home value: $203,644
- 1-year price change: +7.4%
- 5-year price change: +48.1%
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3 / 16#14. Machesney Park, IL
- Typical home value: $211,173
- 1-year price change: +10.2%
- 5-year price change: +52.2%
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4 / 16#13. Durand, IL
- Typical home value: $223,600
- 1-year price change: +8.5%
- 5-year price change: +50.9%
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5 / 16#12. Pecatonica, IL
- Typical home value: $242,305
- 1-year price change: +9.1%
- 5-year price change: +52.1%
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6 / 16#11. South Beloit, IL
- Typical home value: $244,006
- 1-year price change: +8.8%
- 5-year price change: +51.6%
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7 / 16#10. Belvidere, IL
- Typical home value: $263,884
- 1-year price change: +6.6%
- 5-year price change: +41.2%
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8 / 16#9. Capron, IL
- Typical home value: $270,949
- 1-year price change: +7.2%
- 5-year price change: +47.5%
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9 / 16#8. Poplar Grove, IL
- Typical home value: $280,176
- 1-year price change: +6.1%
- 5-year price change: +39.1%
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10 / 16#7. Winnebago, IL
- Typical home value: $290,525
- 1-year price change: +8.2%
- 5-year price change: +46.0%
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11 / 16#6. Rockton, IL
- Typical home value: $300,656
- 1-year price change: +8.4%
- 5-year price change: +46.8%
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12 / 16#5. Cherry Valley, IL
- Typical home value: $302,633
- 1-year price change: +8.6%
- 5-year price change: +45.3%
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13 / 16#4. Roscoe, IL
- Typical home value: $316,708
- 1-year price change: +8.3%
- 5-year price change: +48.1%
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14 / 16#3. Garden Prairie, IL
- Typical home value: $332,732
- 1-year price change: +8.4%
- 5-year price change: +42.6%
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15 / 16#2. Caledonia, IL
- Typical home value: $363,241
- 1-year price change: +7.9%
- 5-year price change: +40.7%
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16 / 16#1. Timberlane, IL
- Typical home value: $448,759
- 1-year price change: +6.9%
- 5-year price change: +36.1%
