How much house does $500,000 buy you in Rockford?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Rockford?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Rockford right now. Listings below $500,000 were included if necessary.
1308 Harlem Blvd, Rockford, IL 61103
- Price: $475,000
- 6 bedrooms, 3 bathrooms
- Square feet: 4,452
- See 1308 Harlem Blvd, Rockford, IL 61103 on Redfin.com
2412 Harlem Blvd, Rockford, IL 61103
- Price: $409,900
- 5 bedrooms, 4 bathrooms
- Square feet: 4,668
- See 2412 Harlem Blvd, Rockford, IL 61103 on Redfin.com
2014 Glenview Rd, Rockford, IL 61107
- Price: $495,000
- 5 bedrooms, 4 bathrooms
- Square feet: 4,138
- See 2014 Glenview Rd, Rockford, IL 61107 on Redfin.com
607 Calgary Way, Belvidere, IL 61008
- Price: $419,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,000
- See 607 Calgary Way, Belvidere, IL 61008 on Redfin.com
6058 Dorothy Ln, Roscoe, IL 61073
- Price: $434,900
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,168
- See 6058 Dorothy Ln, Roscoe, IL 61073 on Redfin.com
6548 Charles St, Rockford, IL 61108
- Price: $460,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,376
- See 6548 Charles St, Rockford, IL 61108 on Redfin.com
2813 Lark Rise, Rockford, IL 61114
- Price: $420,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,860
- See 2813 Lark Rise, Rockford, IL 61114 on Redfin.com
1198 Key West Dr, Machesney Park, IL 61103
- Price: $499,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,533
- See 1198 Key West Dr, Machesney Park, IL 61103 on Redfin.com
7774 Old River Rd, Rockford, IL 61103
- Price: $425,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,359
- See 7774 Old River Rd, Rockford, IL 61103 on Redfin.com
12350 Serene Dr, Durand, IL 61024
- Price: $450,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,000
- See 12350 Serene Dr, Durand, IL 61024 on Redfin.com
108 Boeing Trl, Poplar Grove, IL 61065
- Price: $429,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,967
- See 108 Boeing Trl, Poplar Grove, IL 61065 on Redfin.com
11939 Argyle Rd, Loves Park, IL 61111
- Price: $420,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,670
- See 11939 Argyle Rd, Loves Park, IL 61111 on Redfin.com
7356 Kishwaukee Rd, Stillman Valley, IL 61084
- Price: $497,500
- 4 bedrooms, 3 bathrooms
- Square feet: 2,934
- See 7356 Kishwaukee Rd, Stillman Valley, IL 61084 on Redfin.com
11028 Ventura Blvd, Machesney Park, IL 61115
- Price: $469,999
- 4 bedrooms, 3 bathrooms
- Square feet: 2,770
- See 11028 Ventura Blvd, Machesney Park, IL 61115 on Redfin.com
779 Boz Way, Belvidere, IL 61008
- Price: $425,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,180
- See 779 Boz Way, Belvidere, IL 61008 on Redfin.com
5255 Deer Pointe, Rockford, IL 61114
- Price: $410,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 4,942
- See 5255 Deer Pointe, Rockford, IL 61114 on Redfin.com
17 Thistle Trl, Caledonia, IL 61011
- Price: $414,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,934
- See 17 Thistle Trl, Caledonia, IL 61011 on Redfin.com
473 Burled Wood Dr, Poplar Grove, IL 61065
- Price: $465,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,400
- See 473 Burled Wood Dr, Poplar Grove, IL 61065 on Redfin.com
215 Trent Ln, Loves Park, IL 61111
- Price: $430,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,284
- See 215 Trent Ln, Loves Park, IL 61111 on Redfin.com
15434 Caledonia Rd, Caledonia, IL 61011
- Price: $400,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,000
- See 15434 Caledonia Rd, Caledonia, IL 61011 on Redfin.com
7155 Meadow Trce, Rockford, IL 61114
- Price: $429,900
- 3 bedrooms, 3 bathrooms
- Square feet: 4,531
- See 7155 Meadow Trce, Rockford, IL 61114 on Redfin.com
3063 Merseyshire Ln, Machesney Park, IL 61115
- Price: $399,999
- 3 bedrooms, 3 bathrooms
- Square feet: 3,788
- See 3063 Merseyshire Ln, Machesney Park, IL 61115 on Redfin.com
811 Paris Ave, Rockford, IL 61107
- Price: $410,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,403
- See 811 Paris Ave, Rockford, IL 61107 on Redfin.com
7879 Newburg Rd, Rockford, IL 61108
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,440
- See 7879 Newburg Rd, Rockford, IL 61108 on Redfin.com
8540 Manchester Rd, Capron, IL 61012
- Price: $450,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,932
- See 8540 Manchester Rd, Capron, IL 61012 on Redfin.com
7743 Cherry Hill Rd, Cherry Valley, IL 61016
- Price: $421,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,897
- See 7743 Cherry Hill Rd, Cherry Valley, IL 61016 on Redfin.com
550 Cross Plains Rd, Rockford, IL 61107
- Price: $415,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,866
- See 550 Cross Plains Rd, Rockford, IL 61107 on Redfin.com
3833 Mackinaw Trl, Rockford, IL 61114
- Price: $424,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,805
- See 3833 Mackinaw Trl, Rockford, IL 61114 on Redfin.com
3645 Baxter Rd, Rockford, IL 61109
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,368
- See 3645 Baxter Rd, Rockford, IL 61109 on Redfin.com
5918 Park Ridge Rd, Loves Park, IL 61111
- Price: $475,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 2,468
- See 5918 Park Ridge Rd, Loves Park, IL 61111 on Redfin.com
