Cities with the fastest growing home prices in Rockford metro area

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November 23, 2022
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Cities with the fastest growing home prices in Rockford metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Rockford, IL metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 17 cities and towns with data available were included in the list.

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1 / 17
Stacker

#17. Durand, Durand

- 1-year price change: +$2,538 (+1.4%)
- 5-year price change: +$42,046 (+30.3%)
- Typical home value: $180,978 (#14 most expensive city in metro)
2 / 17
Stacker

#16. Loves Park, Loves Park

- 1-year price change: +$15,121 (+11.0%)
- 5-year price change: +$46,864 (+44.4%)
- Typical home value: $152,354 (#16 most expensive city in metro)
3 / 17
Stacker

#15. Rockford, Rockford

- 1-year price change: +$15,491 (+12.9%)
- 5-year price change: +$49,347 (+57.1%)
- Typical home value: $135,783 (#17 most expensive city in metro)
4 / 17
Stacker

#14. Belvidere, Belvidere

- 1-year price change: +$17,755 (+9.7%)
- 5-year price change: +$73,627 (+57.7%)
- Typical home value: $201,175 (#9 most expensive city in metro)
5 / 17
Stacker

#13. Machesney Park, Machesney Park

- 1-year price change: +$17,882 (+12.4%)
- 5-year price change: +$52,826 (+48.4%)
- Typical home value: $161,917 (#15 most expensive city in metro)

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6 / 17
Stacker

#12. Poplar Grove, Poplar Grove

- 1-year price change: +$19,694 (+10.3%)
- 5-year price change: +$77,274 (+58.1%)
- Typical home value: $210,170 (#8 most expensive city in metro)
7 / 17
Stacker

#11. Capron, Capron

- 1-year price change: +$19,699 (+11.4%)
- 5-year price change: +$70,257 (+57.4%)
- Typical home value: $192,588 (#12 most expensive city in metro)
8 / 17
Stacker

#10. South Beloit, South Beloit

- 1-year price change: +$22,771 (+13.2%)
- 5-year price change: +$61,897 (+46.6%)
- Typical home value: $194,738 (#10 most expensive city in metro)
9 / 17
Stacker

#9. Pecatonica, Pecatonica

- 1-year price change: +$24,858 (+15.0%)
- 5-year price change: +$65,987 (+52.8%)
- Typical home value: $190,909 (#13 most expensive city in metro)
10 / 17
Stacker

#8. Winnebago, Winnebago

- 1-year price change: +$24,931 (+13.0%)
- 5-year price change: +$69,481 (+47.3%)
- Typical home value: $216,445 (#7 most expensive city in metro)

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11 / 17
Stacker

#7. Caledonia, Caledonia

- 1-year price change: +$25,292 (+9.3%)
- 5-year price change: +$89,149 (+43.0%)
- Typical home value: $296,646 (#2 most expensive city in metro)
12 / 17
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#6. Garden Prairie, Garden Prairie

- 1-year price change: +$26,418 (+10.8%)
- 5-year price change: +$102,392 (+60.8%)
- Typical home value: $270,761 (#3 most expensive city in metro)
13 / 17
Stacker

#5. New Milford, New Milford

- 1-year price change: +$26,544 (+15.8%)
- 5-year price change: +$64,131 (+49.2%)
- Typical home value: $194,355 (#11 most expensive city in metro)
14 / 17
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#4. Cherry Valley, Cherry Valley

- 1-year price change: +$27,514 (+13.1%)
- 5-year price change: +$74,731 (+45.9%)
- Typical home value: $237,572 (#6 most expensive city in metro)
15 / 17
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#3. Rockton, Rockton

- 1-year price change: +$27,592 (+13.0%)
- 5-year price change: +$75,622 (+45.9%)
- Typical home value: $240,479 (#5 most expensive city in metro)

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16 / 17
Stacker

#2. Timberlane, Timberlane

- 1-year price change: +$31,465 (+9.0%)
- 5-year price change: +$124,181 (+48.3%)
- Typical home value: $381,494 (#1 most expensive city in metro)
17 / 17
Stacker

#1. Roscoe, Roscoe

- 1-year price change: +$32,621 (+14.5%)
- 5-year price change: +$79,583 (+44.8%)
- Typical home value: $257,150 (#4 most expensive city in metro)

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