Market Snapshot
- Median listing price
- $177K
- Median rent
- $1,100/mo
- Days on market
- 230 days
- Gross rental yield
- 7.44%
- STR vs LTR
- $1,379/mo STR · $1,100/mo LTR
The median listing price in Rockford, IL ZIP 61108 is $177,450 as of June 2026.
The median market rent in Rockford, IL ZIP 61108 is $1,100/month as of June 2026.
The median days on market in Rockford, IL ZIP 61108 is 230 days as of June 2026. The market is currently hot.
At a median list price of $177,450 and a median rent of $1,100/month, the gross rental yield in Rockford, IL ZIP 61108 is 7.44% as of June 2026.
In Rockford, IL ZIP 61108, median Airbnb revenue is $1,379/month compared to median long-term rent of $1,100/month as of June 2026.
Rockford, IL 61108 Real Estate Market Report
ZIP Code: 61108
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 61108 area are approximately 6.53%, reflecting a market environment where rates have risen from earlier 2026 lows near 6.0%.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- $187,000 is the primary indicator of market value based on recent transactions; with the price year-over-year trend showing up, this suggests realized valuations are strengthening and sellers can reference recent sold prices when setting expectations.
- The market shows a long median days on market of 230, which points to slower sales velocity and potential pricing friction; combined with the reported sample characterization of relatively constrained active supply, sellers should expect transaction timelines to vary and buyers may be able to secure concessions after extended market exposure.
- Pricing density and rental context: the $146 median price per square foot alongside a $1,100 median market rent indicates a pricing envelope where investors and owner-occupiers should benchmark offers against these realized metrics; rent is also trending up, supporting rental demand in valuation conversations.
- Interest-rate environment is a headwind: interest rate pressure is described as elevated and local 30-year fixed mortgage rates are reported at 6.53%, which may constrain buyer purchasing power and increase emphasis on price negotiation and seller concessions—listing strategies should account for affordability sensitivity and position pricing to attract rate-impacted buyers.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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