61114, Rockford, IL

The Rockford, Illinois 61114 zip code has a population of around 161,000 people. The median household income in this zip code is $51,500, and the median home value is $146,100. The average home equity in this zip code is around $104,000.

There are a number of factors that affect home prices in Rockford. These include the local economy, interest rates, and availability of housing stock. Over the past few years, the local economy has been improving slowly but steadily. This has led to an increase in demand for homes and an increase in home prices. In addition, interest rates have remained relatively low over the past few years which has also helped to drive up prices. However, there is still some room for price growth as interest rates could potentially rise over time.

Overall, the Rockford 61114 zip code appears to be experiencing healthy housing market conditions with prices increasing steadily over recent years. While there may be some room for price growth going forward due to potential interest rate hikes, overall homeownership rates appear to be high and stable which suggests that buyers are finding good deals when they do find them on the market