61109, Rockford, IL

The 61109 zip code of Rockford, Illinois has a population of around 139,000 people. The median household income in this zip code is $59,000 which is lower than the national median household income of $53,046. The median home value in this zip code is $158,500 which is higher than the national median home value of $146,800.

There are a number of factors that could contribute to the high home values in the 61109 zip code of Rockford. One reason may be that there are a large number of families with children living in this area. Families may be willing to spend more on a house because they know that their children will have access to good schools and other amenities. Additionally, many people in this area work in jobs that pay well and can afford to buy a house relatively cheaply compared to other areas of the country.

Despite the high home values in the 61109 zip code of Rockford, it is not immune from economic downturns. For example, during the housing market crash of 2008-2009 there was a significant decrease in home values throughout much of Illinois and particularly in Rockford. However, since then prices have slowly recovered and as of 2016 were slightly above where they had been before the crash. It is important for homeowners who are considering buying or selling their homes to consult with an experienced real estate agent if there are any concerns about potential price drops or spikes during market fluctuations.