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1 / 16#16. Rockford, IL
- Typical home value: $187,245
- 1-year price change: +9.9%
- 5-year price change: +61.6%
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, affordability plays a huge role for buyers.
The typical home value in the United States was $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the 30-year fixed mortgage rate sits at 6.55%.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.
Stacker compiled a list of cities with the most expensive homes in the Rockford metro area using data from Zillow. 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: $204,325
- 1-year price change: +7.7%
- 5-year price change: +49.4%
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3 / 16#14. Machesney Park, IL
- Typical home value: $211,243
- 1-year price change: +10.8%
- 5-year price change: +52.3%
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4 / 16#13. Durand, IL
- Typical home value: $219,807
- 1-year price change: +8.4%
- 5-year price change: +51.3%
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5 / 16#12. Pecatonica, IL
- Typical home value: $238,311
- 1-year price change: +8.9%
- 5-year price change: +52.3%
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6 / 16#11. South Beloit, IL
- Typical home value: $243,724
- 1-year price change: +8.7%
- 5-year price change: +53.1%
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7 / 16#10. Belvidere, IL
- Typical home value: $266,465
- 1-year price change: +6.8%
- 5-year price change: +42.5%
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8 / 16#9. Capron, IL
- Typical home value: $273,348
- 1-year price change: +8.1%
- 5-year price change: +49.3%
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9 / 16#8. Poplar Grove, IL
- Typical home value: $282,167
- 1-year price change: +6.2%
- 5-year price change: +41.5%
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10 / 16#7. Winnebago, IL
- Typical home value: $288,418
- 1-year price change: +7.8%
- 5-year price change: +47.5%
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11 / 16#6. Rockton, IL
- Typical home value: $300,436
- 1-year price change: +8.5%
- 5-year price change: +48.7%
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12 / 16#5. Cherry Valley, IL
- Typical home value: $304,323
- 1-year price change: +8.6%
- 5-year price change: +47.2%
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13 / 16#4. Roscoe, IL
- Typical home value: $316,579
- 1-year price change: +8.4%
- 5-year price change: +50.6%
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14 / 16#3. Garden Prairie, IL
- Typical home value: $336,263
- 1-year price change: +7.8%
- 5-year price change: +44.0%
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15 / 16#2. Caledonia, IL
- Typical home value: $365,301
- 1-year price change: +8.1%
- 5-year price change: +42.8%
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16 / 16#1. Timberlane, IL
- Typical home value: $449,182
- 1-year price change: +7.2%
- 5-year price change: +38.1%
