ROCKFORD Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Rockford averaged 6.85% for the week of 2023-06-01, compared to the national average of 6.79% for the same period.

The average rate for the prior week (2023-05-25) was 6.43% and one month ago for the week of 2023-04-27, the average rate was 6.49%.

Rockford's average rate one year ago was 5.06%.

For refis of the same type during the week of 2023-06-01, the average rate was 6.51%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-06-01 6.79%
Rockford 30 Year Fixed Rate 2023-06-01 6.85%
Rockford 30 Year Fixed Rate Refi 2023-06-01 6.51%
Rockford 15 Year Fixed Rate 2023-06-01 6.08%
Rockford 15 Year Fixed Rate Refi 2023-06-01 4.73%
Rockford 30 Year FHA 2023-06-01 -0.29%
Rockford 30 Year FHA Refi 2023-06-01 0%
Rockford 30 Year USDA 2023-06-01 -0.2%
Rockford 30 Year USDA Refi 2023-06-01 0.2%
Rockford 30 Year VA 2023-06-01 -0.35%
Rockford 30 Year VA Refi 2023-06-01 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ROCKFORD, IL.

ROCKFORD Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ROCKFORD, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Blackhawk Bank 381 5.59% $3,755
ENVOY MORTGAGE, LTD 262 5.42% $4,794
Midwest Community Bank 199 4.56% $3,159
GREENSTATE CREDIT UNION 147 5.95% $3,231
QUICKEN LOANS, LLC 140 5.22% $5,476
FIRST NORTHERN Credit Union 133 5.34% $2,903
NORTHWEST BANK OF ROCKFORD 123 5.24% $2,882
JPMorgan Chase Bank 84 4.84% $2,661
Midland States Bank 77 5.24% $3,635
U.S. Bank 73 5.08% $2,804
Stillman BancCorp N.A. 72 5.22% $2,567
Barrington Bank & Trust Company, N.A. 70 5.38% $3,774
The First National Bank and Trust Company 61 5.07% $2,600
ACADEMY MORTGAGE CORPORATION 54 5.59% $4,838
Mr. Cooper ( Nationstar Mortgage ) 53 4.77% $6,447
Associated Bank 52 4.79% $2,775
FIRST CENTENNIAL MORTGAGE CORPORATION 38 5.27% $3,840
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 38 5.47% $4,410
Byron Bank 37 5.46% $2,884
LOANDEPOT.COM, LLC 36 4.56% $4,604
GUARANTEED RATE, INC. 33 5.34% $4,283
UNITED WHOLESALE MORTGAGE, LLC 29 5.53% $5,034
PLANET HOME LENDING, LLC 27 5.63% $5,667
Wells Fargo Bank 22 4.77% $4,138
First Community Credit Union 22 4.78% $2,536
PNC Bank 22 5.06% $3,299
CROSSCOUNTRY MORTGAGE, LLC 21 5.38% $4,406
Rock Valley Credit Union 21 5.06% $2,458
Neighborhood Loans, Inc. 17 5.16% $5,330
Fifth Third Bank 15 5.08% $3,162
CALIBER HOME LOANS, INC. 15 5.12% $4,080
First National Bank of Omaha 15 5.30% $3,371
HOMESIDE FINANCIAL, LLC 14 5.64% $3,996
First Federal Bank 14 5.09% $2,712
PLAZA HOME MORTGAGE, INC. 13 5.13% $4,088
AMERISAVE MORTGAGE CORPORATION 13 4.37% $6,246
BMO Harris Bank 11 5.59% $3,682
Blackhawk Community Credit Union 11 5.25% $2,404
Bank of America 11 4.72% $2,911
MORTGAGE CENTER L.C 11 4.67% $2,673
Flagstar Bank, FSB 10 5.36% $3,250
CARDINAL FINANCIAL 9 4.86% $5,352
Key Mortgage Services, Inc. 9 5.76% $4,110
Old National Bank 8 5.08% $3,920
GUARANTEED RATE AFFINITY, LLC 8 5.77% $4,045
The Federal Savings Bank 8 5.42% $5,223
PENNYMAC LOAN SERVICES, LLC 8 5.84% $5,351
BROKER SOLUTIONS, INC. 8 5.49% $6,672
The Huntington National Bank 8 4.34% $4,656
FREEDOM MORTGAGE CORPORATION 7 4.77% $4,822
AMERICAN PACIFIC MORTGAGE CORPORATION 7 5.80% $4,825
Home State Bank 7 5.36% $3,813
ILLINOIS STATE CREDIT UNION 7 4.50% $2,780
AmeriHome Mortgage Company, LLC 6 5.25% $3,219
NAVY FEDERAL CREDIT UNION 6 6.23% $3,230
BETTER MORTGAGE CORPORATION 6 4.27% $4,950
LAKEVIEW LOAN SERVICING, LLC 6 5.02% $3,627
UNION HOME MORTGAGE CORP. 6 5.77% $4,842
First Savings Bank 6 6.00% $4,220
COMPASS MORTGAGE, INC. 5 6.12% $5,163
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 5.65% $3,914
FINANCE OF AMERICA MORTGAGE LLC 5 4.70% $5,459
INLANTA MORTGAGE, INC. 5 5.20% $4,227
Johnson Bank 5 4.60% $3,226
Mortgage Research Center, LLC 5 4.92% $4,738
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.05% $3,746
NEWREZ LLC 5 5.20% $3,701
ROYAL UNITED MORTGAGE LLC 5 6.20% $7,757
SENB Bank 5 4.53% $2,933
Summit Credit Union 4 6.19% $3,128
University of Wisconsin Credit Union 4 4.22% $3,353
CHURCHILL MORTGAGE CORPORATION 4 6.03% $4,843
HOME POINT FINANCIAL CORPORATION 4 5.25% $3,616
Paramount Residential Mortgage Group, Inc. 4 5.88% $5,109
Chicago Financial Services, Inc. 4 5.00% $3,367
Platinum Home Mortgage Corporation 4 5.19% $5,428
GENEVA FINANCIAL, LLC 4 5.50% $5,434
FIRST STATE MORTGAGE SERVICES, LLC 4 5.94% $4,173
CHERRY CREEK MORTGAGE, LLC 3 6.04% $625
EDUCATORS CREDIT UNION 3 4.21% $2,870
Hometown Lenders, Inc. 3 4.16% $5,175
First Midwest Bank 3 3.54% $3,310
COMPEER FINANCIAL, FLCA 3 5.17% $3,909
DRAPER AND KRAMER MORTGAGE CORP. 3 4.46% $3,859
Baxter Credit Union 3 5.50% $3,520
First National Bank of America 3 8.25% $9,374
FLAT BRANCH MORTGAGE, INC. 3 4.25% $2,341
CIBM Bank 3 5.54% $3,670
USAA Federal Savings Bank 3 4.79% $4,862
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.63% $3,736
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 4.29% $4,664
INLAND BANK & TRUST 3 4.92% $4,065
PHH Mortgage Corporation 3 5.21% $5,100
BAY EQUITY LLC 3 6.04% $5,960
MOVEMENT MORTGAGE, LLC 3 4.79% $4,018
AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $5,089
M&T Bank 2 5.00% $5,478
DUPACO COMMUNITY 2 5.19% $3,660
DAS Acquisition Company, LLC 2 5.94% $4,942
GUIDANCE RESIDENTIAL, LLC 2 5.81% $3,319
GUILD MORTGAGE COMPANY 2 5.56% $3,310
NBKC BANK 2 5.75% $2,688
First State Bank 2 4.69% $2,519
Carrington Mortgage Services, LLC 2 5.94% $5,826
ALLIANT CREDIT UNION 2 4.00% $4,741
Northpointe Bank 2 3.50% $3,921
NUMARK CREDIT UNION 2 3.50% $3,150
CMG MORTGAGE, INC. 2 4.25% $7,739
Old Second National Bank 2 4.94% $2,687
Credit Union 1 2 3.44% $3,931
CITIZENS EQUITY FIRST 2 5.13% $2,614
PENTAGON FEDERAL CREDIT UNION 2 3.94% $2,264
Plains Commerce Bank 2 5.63% $4,547
BLUELEAF LENDING, LLC 2 4.88% $3,835
Bell Bank 2 4.56% $4,791
First Federal Savings Bank 2 6.25% $1,250
Citizens Bank 2 5.56% $6,412
PROPER RATE, LLC 2 5.31% $3,744
KELLER MORTGAGE, LLC 2 5.19% $5,160
Quontic Bank 2 5.81% $7,172
Citibank 2 4.31% $2,393
Lakeview Community Capital, LLC 2 4.37% $4,723
LENDSURE MORTGAGE CORP. 2 8.37% $9,544
MEMBER FIRST MORTGAGE, LLC 2 4.50% $3,607
Discover Bank 2 6.99% $0
Morgan Stanley Private Bank 2 4.65% $3,383
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 5.69% $6,027
UIF CORPORATION 2 5.31% $4,066
Connexus Credit Union 2 3.56% $1,201
First Bank & Trust 1 5.13% $7,611
DELMAR FINANCIAL COMPANY 1 5.88% $5,330
DATA MORTGAGE, INC. 1 6.50% $4,098
Florida Capital Bank 1 5.50% $6,320
CONSUMERS COOPERATIVE CREDIT UNION 1 3.13% $3,282
GERSHMAN INVESTMENT CORP. 1 5.63% $3,077
GMFS LLC 1 5.63% $3,208
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $7,176
Commerce Home Mortgage, Inc. 1 7.75% $7,996
Heartland Bank and Trust Company 1 6.63% $2,755
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $5,822
Citywide Banks 1 5.63% $3,430
HOMEXPRESS MORTGAGE CORP. 1 9.50% $7,566
Ally Bank 1 3.00% $3,111
KeyBank 1 5.00% $3,670
Citadel Servicing Corporation 1 4.75% $6,498
LIBERTY HOME MORTGAGE CORPORATION 1 5.00% $2,184
Chicago Mortgage Solutions LLC 1 3.12% $823
MORIA DEVELOPMENT, INC. 1 6.00% $5,840
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.88% $2,913
Mutual Federal Bank 1 4.63% $5,871
V.I.P. MORTGAGE, INC. 1 4.50% $3,984
Nations Lending Corporation 1 5.63% $4,305
Charles Schwab Bank, SSB 1 6.00% $3,024
NETWORK CAPITAL FUNDING CORPORATION 1 3.75% $4,072
CANOPY MORTGAGE, LLC 1 3.63% $5,295
OCMBC, INC. 1 10.63% $9,647
Busey Bank 1 4.88% $2,294
Ottawa Savings Bank 1 4.13% $3,030
Pacor Mortgage Corp 1 7.13% $3,275
PARTNERSHIP FINANCIAL 1 5.25% $3,622
BNC National Bank 1 4.88% $3,685
Peoples Bank 1 6.13% $10,962
Beeline Loans, Inc. 1 4.25% $3,530
PREMIA MORTGAGE, LLC 1 5.50% $2,915
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.38% $4,435
PROVIDENT FUNDING ASSOCIATES, L.P. 1 3.50% $3,528
Regions Bank 1 4.75% $8,605
RELIANCE FIRST CAPITAL, LLC 1 5.99% $7,358
WESCOM CENTRAL CREDIT UNION 1 6.38% $4,182
RUHL MORTGAGE, LLC 1 5.38% $3,614
Wyndham Capital Mortgage, Inc. 1 3.63% $853
Servion, Inc. 1 3.00% $3,038
Bank Five Nine 1 5.25% $4,026
SUN WEST MORTGAGE COMPANY, INC. 1 3.63% $1,554
The Central Trust Bank 1 3.99% $5,456
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.38% $12,548
ANGEL OAK HOME LOANS LLC 1 4.00% $3,537
Truist 1 3.88% $5,060
AMERICAN FINANCING CORPORATION 1 5.63% $7,288
UNITED HOME LOANS, INC. 1 4.88% $3,401
ENDEAVOR CAPITAL, LLC. 1 5.13% $9,200
EMBRACE HOME LOANS, INC. 1 3.99% $3,483
FEDERATED MORTGAGE CORP. 1 5.25% $4,076
First American Bank 1 5.38% $2,767

ROCKFORD Average Closing Costs & Other Stats

ROCKFORD, IL's 184 lenders originated 7,388 loans during 2022. The total origination value was $1,122,910,000, with an average loan value of $151,991.

ROCKFORD's average closing costs are $3,893.

The top ROCKFORD lender as defined by loan originations is Blackhawk Bank, with 381 loans originated. Their average total fees are $3,755, which is $1,039 lower than the next largest lender, ENVOY MORTGAGE, LTD.

The lowest fee ROCKFORD lenders (with over 10 loans originated) are Blackhawk Community Credit Union ($2,404), Rock Valley Credit Union ($2,458), First Community Credit Union ($2,536), Stillman BancCorp N.A. ($2,567) and The First National Bank and Trust Company ($2,600).

The lowest rate ROCKFORD lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (4.37%), LOANDEPOT.COM, LLC (4.56%), Midwest Community Bank (4.56%), MORTGAGE CENTER L.C (4.67%) and Bank of America (4.72%).

ROCKFORD, IL Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Blackhawk Bank $163,485,000 $107,950,000 -34.0% 9.6%
ENVOY MORTGAGE, LTD $118,375,000 $74,220,000 -37.3% 6.6%
QUICKEN LOANS, LLC $107,805,000 $50,470,000 -53.2% 4.5%
Midwest Community Bank $134,850,000 $48,425,000 -64.1% 4.3%
Midland States Bank $43,920,000 $36,325,000 -17.3% 3.2%
GREENSTATE CREDIT UNION $585,000 $35,370,000 5,946.2% 3.1%
NORTHWEST BANK OF ROCKFORD $58,555,000 $31,760,000 -45.8% 2.8%
FIRST NORTHERN Credit Union $43,345,000 $26,500,000 -38.9% 2.4%
PNC Bank $21,430,000 $24,835,000 15.9% 2.2%
Associated Bank $29,115,000 $22,670,000 -22.1% 2.0%
Citywide Banks $22,340,000 n/a 2.0%
Byron Bank $41,955,000 $21,265,000 -49.3% 1.9%
Stillman BancCorp N.A. $57,970,000 $20,760,000 -64.2% 1.8%
U.S. Bank $30,305,000 $20,530,000 -32.3% 1.8%
ACADEMY MORTGAGE CORPORATION $31,695,000 $20,210,000 -36.2% 1.8%
JPMorgan Chase Bank $33,495,000 $18,985,000 -43.3% 1.7%
Mr. Cooper ( Nationstar Mortgage ) $36,535,000 $18,335,000 -49.8% 1.6%
Barrington Bank & Trust Company, N.A. $27,445,000 $17,700,000 -35.5% 1.6%
Mortgage Research Center, LLC $22,425,000 $16,340,000 -27.1% 1.5%
LOANDEPOT.COM, LLC $24,155,000 $16,045,000 -33.6% 1.4%
The First National Bank and Trust Company $29,950,000 $15,640,000 -47.8% 1.4%
BMO Harris Bank $17,060,000 $15,050,000 -11.8% 1.3%
PLANET HOME LENDING, LLC $4,650,000 $14,155,000 204.4% 1.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $18,420,000 $13,120,000 -28.8% 1.2%
UNITED WHOLESALE MORTGAGE, LLC $11,955,000 $13,120,000 9.7% 1.2%
Bethpage Federal Credit Union $12,615,000 n/a 1.1%
GUARANTEED RATE, INC. $14,955,000 $12,180,000 -18.6% 1.1%
Holcomb Bank $11,795,000 $11,110,000 -5.8% 1.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $14,325,000 $11,015,000 -23.1% 1.0%
WALKER & DUNLOP, LLC $14,370,000 $10,715,000 -25.4% 1.0%
CROSSCOUNTRY MORTGAGE, LLC $11,275,000 $10,435,000 -7.5% 0.9%
Central Bank Illinois $830,000 $10,290,000 1,139.8% 0.9%
Rock Valley Credit Union $13,470,000 $7,590,000 -43.7% 0.7%
Wells Fargo Bank $18,900,000 $7,350,000 -61.1% 0.7%
SENB Bank $4,955,000 $7,060,000 42.5% 0.6%
Fifth Third Bank $8,465,000 $6,980,000 -17.5% 0.6%
CALIBER HOME LOANS, INC. $10,080,000 $6,640,000 -34.1% 0.6%
FREEDOM MORTGAGE CORPORATION $31,680,000 $6,460,000 -79.6% 0.6%
Neighborhood Loans, Inc. $7,105,000 $6,200,000 -12.7% 0.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $9,290,000 $6,160,000 -33.7% 0.5%
Flagstar Bank, FSB $4,300,000 $5,915,000 37.6% 0.5%
AMERISAVE MORTGAGE CORPORATION $7,895,000 $5,765,000 -27.0% 0.5%
ADVIA $2,020,000 $5,500,000 172.3% 0.5%
PLAZA HOME MORTGAGE, INC. $4,085,000 $5,280,000 29.3% 0.5%
NAVY FEDERAL CREDIT UNION $6,000,000 $5,155,000 -14.1% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $5,430,000 $5,065,000 -6.7% 0.5%
NEWREZ LLC $9,815,000 $5,045,000 -48.6% 0.4%
The Huntington National Bank $8,925,000 $4,985,000 -44.1% 0.4%
First Community Credit Union $14,045,000 $4,955,000 -64.7% 0.4%
PENNYMAC LOAN SERVICES, LLC $14,495,000 $4,930,000 -66.0% 0.4%
The Harvard State Bank $4,190,000 $4,920,000 17.4% 0.4%
First National Bank of Omaha $24,870,000 $4,840,000 -80.5% 0.4%
Union Savings Bank $6,220,000 $4,805,000 -22.7% 0.4%
Bank of America $4,210,000 $4,800,000 14.0% 0.4%
USAA Federal Savings Bank $4,105,000 $4,720,000 15.0% 0.4%
HOMESIDE FINANCIAL, LLC $3,345,000 $4,295,000 28.4% 0.4%
St Charles Bank & Trust $4,130,000 n/a 0.4%
Bank of Pontiac $4,105,000 n/a 0.4%
BROKER SOLUTIONS, INC. $6,110,000 $3,490,000 -42.9% 0.3%
INLAND BANK & TRUST $3,240,000 $3,265,000 0.8% 0.3%
Landmark Credit Union $3,205,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $3,225,000 $3,155,000 -2.2% 0.3%
Carrington Mortgage Services, LLC $4,300,000 $3,125,000 -27.3% 0.3%
The Federal Savings Bank $4,235,000 $3,065,000 -27.6% 0.3%
INLANTA MORTGAGE, INC. $2,700,000 $2,935,000 8.7% 0.3%
FIRST STATE MORTGAGE SERVICES, LLC $2,050,000 $2,930,000 42.9% 0.3%
HOME POINT FINANCIAL CORPORATION $9,230,000 $2,925,000 -68.3% 0.3%
MORTGAGE CENTER L.C $5,365,000 $2,880,000 -46.3% 0.3%
COMPASS MORTGAGE, INC. $5,770,000 $2,850,000 -50.6% 0.3%
GUARANTEED RATE AFFINITY, LLC $1,020,000 $2,715,000 166.2% 0.2%
LAKEVIEW LOAN SERVICING, LLC $6,545,000 $2,710,000 -58.6% 0.2%
Blackhawk Community Credit Union $1,760,000 $2,605,000 48.0% 0.2%
LIMA ONE CAPITAL, LLC $135,000 $2,605,000 1,829.6% 0.2%
First Federal Bank $4,895,000 $2,595,000 -47.0% 0.2%
Key Mortgage Services, Inc. $3,590,000 $2,550,000 -29.0% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $2,130,000 $2,495,000 17.1% 0.2%
COMPEER FINANCIAL, FLCA $1,560,000 $2,310,000 48.1% 0.2%
Access Bank $2,275,000 n/a 0.2%
Wisconsin River Bank $850,000 $2,255,000 165.3% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $4,235,000 $2,090,000 -50.6% 0.2%
ILLINOIS STATE CREDIT UNION $2,645,000 $2,080,000 -21.4% 0.2%
Sauk Valley Bank & Trust Company $2,150,000 $1,995,000 -7.2% 0.2%
BETTER MORTGAGE CORPORATION $5,695,000 $1,945,000 -65.8% 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $3,665,000 $1,945,000 -46.9% 0.2%
Paramount Residential Mortgage Group, Inc. $3,650,000 $1,845,000 -49.5% 0.2%
CMG MORTGAGE, INC. $2,265,000 $1,725,000 -23.8% 0.2%
UNION HOME MORTGAGE CORP. $1,125,000 $1,615,000 43.6% 0.1%
Nations Lending Corporation $540,000 $1,530,000 183.3% 0.1%
VILLAGE CAPITAL MORTGAGE $4,085,000 $1,510,000 -63.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $650,000 $1,435,000 120.8% 0.1%
Old National Bank $160,000 $1,405,000 778.1% 0.1%
Platinum Home Mortgage Corporation $4,160,000 $1,395,000 -66.5% 0.1%
RF Renovo Management Company, LLC $1,390,000 n/a 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $3,715,000 $1,335,000 -64.1% 0.1%
First Savings Bank $365,000 $1,310,000 258.9% 0.1%
Home State Bank $2,100,000 $1,285,000 -38.8% 0.1%
ROYAL UNITED MORTGAGE LLC $1,895,000 $1,265,000 -33.2% 0.1%
Connexus Credit Union $1,220,000 n/a 0.1%
First State Bank $8,120,000 $1,200,000 -85.2% 0.1%
Citizens Bank $1,025,000 $1,195,000 16.6% 0.1%
GUILD MORTGAGE COMPANY $755,000 $1,170,000 55.0% 0.1%
University of Wisconsin Credit Union $1,155,000 n/a 0.1%
BM Real Estate Services, Inc. $1,150,000 n/a 0.1%
Discover Bank $1,050,000 $1,140,000 8.6% 0.1%
Lakeview Community Capital, LLC $825,000 $1,135,000 37.6% 0.1%
EDUCATORS CREDIT UNION $565,000 $1,115,000 97.3% 0.1%
Old Second National Bank $2,325,000 $1,115,000 -52.0% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $620,000 $1,075,000 73.4% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $2,155,000 $1,030,000 -52.2% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $640,000 $1,020,000 59.4% 0.1%
CITIZENS EQUITY FIRST $205,000 $1,015,000 395.1% 0.1%
Johnson Bank $1,585,000 $1,015,000 -36.0% 0.1%
MOVEMENT MORTGAGE, LLC $175,000 $1,010,000 477.1% 0.1%
Baxter Credit Union $1,880,000 $995,000 -47.1% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,890,000 $995,000 -47.4% 0.1%
AmeriHome Mortgage Company, LLC $1,115,000 $960,000 -13.9% 0.1%
CHERRY CREEK MORTGAGE, LLC $755,000 $955,000 26.5% 0.1%
ALLIANT CREDIT UNION $360,000 $930,000 158.3% 0.1%
First American Bank $2,055,000 $930,000 -54.7% 0.1%
Figure Lending LLC $470,000 $890,000 89.4% 0.1%
Self-Help Federal Credit Union $1,380,000 $880,000 -36.2% 0.1%
First National Bank of America $615,000 $860,000 39.8% 0.1%
GENEVA FINANCIAL, LLC $860,000 $805,000 -6.4% 0.1%
FLAT BRANCH MORTGAGE, INC. $2,760,000 $795,000 -71.2% 0.1%
The Bank of New Glarus $165,000 $790,000 378.8% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $360,000 $775,000 115.3% 0.1%
United Fidelity Funding Corp. $360,000 $755,000 109.7% 0.1%
Summit Credit Union $585,000 $740,000 26.5% 0.1%
M&T Bank $835,000 $710,000 -15.0% 0.1%
Chicago Financial Services, Inc. $760,000 $690,000 -9.2% 0.1%
KeyBank $690,000 n/a 0.1%
BLUELEAF LENDING, LLC $2,195,000 $685,000 -68.8% 0.1%
CITY-COUNTY CREDIT UNION $455,000 $655,000 44.0% 0.1%
Hometown Lenders, Inc. $650,000 $655,000 0.8% 0.1%
BAY EQUITY LLC $1,075,000 $650,000 -39.5% 0.1%
Plains Commerce Bank $1,365,000 $645,000 -52.7% 0.1%
AMERICAN FINANCING CORPORATION $390,000 $640,000 64.1% 0.1%
Morgan Stanley Private Bank $205,000 $620,000 202.4% 0.1%
PROPER RATE, LLC $1,350,000 $610,000 -54.8% 0.1%
LENDSURE MORTGAGE CORP. $355,000 $590,000 66.2% 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $840,000 $580,000 -31.0% 0.1%
AmRes Corporation $75,000 $575,000 666.7% 0.1%
CIBM Bank $535,000 $570,000 6.5% 0.1%
Century Mortgage Company DBA Century Lending Company $565,000 n/a 0.1%
GUIDANCE RESIDENTIAL, LLC $550,000 n/a 0.0%
SPRING EQ, LLC $290,000 $545,000 87.9% 0.0%
Citadel Servicing Corporation $540,000 n/a 0.0%
Regions Bank $65,000 $535,000 723.1% 0.0%
Cornerstone National Bank & Trust Company $220,000 $520,000 136.4% 0.0%
Blue Grass Savings Bank $505,000 n/a 0.0%
UNITED HOME LOANS, INC. $235,000 $505,000 114.9% 0.0%
LENDINGHOME FUNDING CORPORATION $495,000 n/a 0.0%
Bell Bank $310,000 $480,000 54.8% 0.0%
21ST MORTGAGE CORPORATION $795,000 $465,000 -41.5% 0.0%
CONSUMERS COOPERATIVE CREDIT UNION $725,000 $465,000 -35.9% 0.0%
AMERICAN ADVISORS GROUP $505,000 $460,000 -8.9% 0.0%
Servion, Inc. $1,140,000 $460,000 -59.6% 0.0%
BNC National Bank $185,000 $455,000 145.9% 0.0%
RELIANCE FIRST CAPITAL, LLC $155,000 $445,000 187.1% 0.0%
Credit Union 1 $190,000 $440,000 131.6% 0.0%
Northpointe Bank $775,000 $435,000 -43.9% 0.0%
The Home Loan Expert LLC $850,000 $435,000 -48.8% 0.0%
PREMIA MORTGAGE, LLC $325,000 $430,000 32.3% 0.0%
Wyndham Capital Mortgage, Inc. $945,000 $430,000 -54.5% 0.0%
Citibank $770,000 $415,000 -46.1% 0.0%
First Federal Savings Bank $680,000 $415,000 -39.0% 0.0%
Illinois Community Credit Unio $415,000 n/a 0.0%
THOMPSON KANE & COMPANY, LLC $815,000 $400,000 -50.9% 0.0%
EMBRACE HOME LOANS, INC. $955,000 $390,000 -59.2% 0.0%
T2 FINANCIAL LLC $530,000 $390,000 -26.4% 0.0%
UIF CORPORATION $715,000 $380,000 -46.9% 0.0%
National Exchange Bank and Trust $370,000 n/a 0.0%
PHH Mortgage Corporation $565,000 $370,000 -34.5% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,000,000 $365,000 -63.5% 0.0%
NUMARK CREDIT UNION $385,000 $365,000 -5.2% 0.0%
DAS Acquisition Company, LLC $995,000 $360,000 -63.8% 0.0%
NBKC BANK $580,000 $360,000 -37.9% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $455,000 $360,000 -20.9% 0.0%
American Bank and Trust Company $450,000 $355,000 -21.1% 0.0%
Credence Funding Corporation $355,000 n/a 0.0%
First Midwest Bank $2,950,000 $355,000 -88.0% 0.0%
DUPACO COMMUNITY $355,000 $350,000 -1.4% 0.0%
NATIONS RELIABLE LENDING, LLC $270,000 $350,000 29.6% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $195,000 $345,000 76.9% 0.0%
MID AMERICA MORTGAGE, INC. $1,195,000 $340,000 -71.5% 0.0%
Third Federal Savings and Loan Association of Cleveland $845,000 $330,000 -60.9% 0.0%
PremierBank $155,000 $325,000 109.7% 0.0%
CANOPY MORTGAGE, LLC $75,000 $320,000 326.7% 0.0%
HOMESITE MORTGAGE, LLC $320,000 n/a 0.0%
Ottawa Savings Bank $320,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $310,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $585,000 $310,000 -47.0% 0.0%
OCMBC, INC. $900,000 $310,000 -65.6% 0.0%
First Bank & Trust $2,125,000 $295,000 -86.1% 0.0%
NASA Federal Credit Union $295,000 n/a 0.0%
Think Mutual Bank $55,000 $295,000 436.4% 0.0%
KELLER MORTGAGE, LLC $515,000 $290,000 -43.7% 0.0%
DOMINION FINANCIAL SERVICES, LLC $190,000 $285,000 50.0% 0.0%
MidAmerica National Bank $285,000 n/a 0.0%
Peoples Bank $145,000 $285,000 96.6% 0.0%
Bankers Trust Company $280,000 n/a 0.0%
Busey Bank $280,000 n/a 0.0%
American Airlines Federal Credit Union $390,000 $275,000 -29.5% 0.0%
ENDEAVOR CAPITAL, LLC. $820,000 $275,000 -66.5% 0.0%
CLEARPATH LENDING $730,000 $265,000 -63.7% 0.0%
Greenbox Loans, Inc. $265,000 $265,000 0.0% 0.0%
Quontic Bank $260,000 n/a 0.0%
GMFS LLC $1,215,000 $255,000 -79.0% 0.0%
OAKTREE FUNDING CORP. $255,000 n/a 0.0%
AMWEST FUNDING CORP. $345,000 $245,000 -29.0% 0.0%
DuTrac Community Credit Union $245,000 n/a 0.0%
Truity Federal Credit Union $245,000 n/a 0.0%
Y-12 Federal Credit Union $245,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,040,000 $235,000 -77.4% 0.0%
SELFRELIANCE $235,000 n/a 0.0%
Equity Prime Mortgage LLC $935,000 $230,000 -75.4% 0.0%
Heartland Bank and Trust Company $225,000 n/a 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $225,000 n/a 0.0%
Truist $225,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $1,510,000 $220,000 -85.4% 0.0%
Abbott Laboratories Employees Credit Union $205,000 n/a 0.0%
Secured Investment Corp. $55,000 $205,000 272.7% 0.0%
BEST CAPITAL FUNDING $125,000 $195,000 56.0% 0.0%
EMM LOANS LLC $485,000 $195,000 -59.8% 0.0%
HOMEXPRESS MORTGAGE CORP. $135,000 $195,000 44.4% 0.0%
Centra Credit Union $190,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $380,000 $190,000 -50.0% 0.0%
Bank First, N.A. $185,000 n/a 0.0%
Commerce Home Mortgage, Inc. $185,000 n/a 0.0%
FEDERATED MORTGAGE CORP. $185,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $185,000 n/a 0.0%
Florida Capital Bank $270,000 $185,000 -31.5% 0.0%
GERSHMAN INVESTMENT CORP. $55,000 $185,000 236.4% 0.0%
PARTNERSHIP FINANCIAL $185,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $550,000 $185,000 -66.4% 0.0%
Gateway First Bank $180,000 n/a 0.0%
Allied First Bank,sb $175,000 n/a 0.0%
Colten Mortgage, LLC $175,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $175,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $175,000 n/a 0.0%
STARBOARD FINANCIAL MANAGEMENT, LLC $175,000 n/a 0.0%
The Central Trust Bank $175,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $95,000 $175,000 84.2% 0.0%
Deere Employees Credit Union $650,000 $165,000 -74.6% 0.0%
Hometown Equity Mortgage, LLC $165,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $580,000 $165,000 -71.6% 0.0%
Mid-Continent Funding, Inc. $330,000 $165,000 -50.0% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $160,000 n/a 0.0%
Austin Capital Bank SSB $155,000 n/a 0.0%
Boeing Employees Credit Union $150,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $215,000 $145,000 -32.6% 0.0%
CONTOUR MORTGAGE CORPORATION $145,000 n/a 0.0%
RUHL MORTGAGE, LLC $145,000 n/a 0.0%
Blackhawk Bank & Trust $135,000 n/a 0.0%
Charles Schwab Bank, SSB $370,000 $135,000 -63.5% 0.0%
INTOUCH CREDIT UNION $135,000 n/a 0.0%
Mutual Federal Bank $1,210,000 $135,000 -88.8% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $435,000 $135,000 -69.0% 0.0%
ZILLOW HOME LOANS, LLC $1,185,000 $135,000 -88.6% 0.0%
Colonial Savings, F.A. $130,000 n/a 0.0%
MLD MORTGAGE INC. $155,000 $130,000 -16.1% 0.0%
DATA MORTGAGE, INC. $125,000 n/a 0.0%
Grundy Bank $125,000 n/a 0.0%
Manufacturers Bank & Trust Company $125,000 n/a 0.0%
MLB RESIDENTIAL LENDING, LLC $125,000 n/a 0.0%
Southwest Airlines Federal Credit Union $125,000 n/a 0.0%
Ally Bank $645,000 $115,000 -82.2% 0.0%
Bank Five Nine $115,000 n/a 0.0%
FirstBank $105,000 $115,000 9.5% 0.0%
SUMMIT FUNDING, INC. $14,990,000 $115,000 -99.2% 0.0%
CITYWIDE HOME LOANS, LLC $170,000 $110,000 -35.3% 0.0%
FRANKLIN MINT $105,000 n/a 0.0%
LADERA LENDING, INC. $105,000 n/a 0.0%
Beeline Loans, Inc. $95,000 n/a 0.0%
DELMAR FINANCIAL COMPANY $95,000 n/a 0.0%
LIBERTY HOME MORTGAGE CORPORATION $95,000 n/a 0.0%
Pacor Mortgage Corp $95,000 n/a 0.0%
RESIDENTIAL BANCORP. $95,000 n/a 0.0%
Woodford State Bank $105,000 $95,000 -9.5% 0.0%
Arvest Bank $385,000 $85,000 -77.9% 0.0%
Chicago Mortgage Solutions LLC $1,360,000 $85,000 -93.8% 0.0%
GREAT LAKES $165,000 $85,000 -48.5% 0.0%
MIDLAND MORTGAGE CORPORATION $85,000 n/a 0.0%
The Bank of Brodhead $370,000 $85,000 -77.0% 0.0%
AMERICAN HERITAGE LENDING, INC. $75,000 n/a 0.0%
CRESCENT MORTGAGE COMPANY $75,000 n/a 0.0%
FEDEX EMPLOYEES CREDIT ASSOCIATION $105,000 $75,000 -28.6% 0.0%
North American Savings Bank, F.S.B. $475,000 $75,000 -84.2% 0.0%
REVERSE MORTGAGE FUNDING LLC $95,000 $75,000 -21.1% 0.0%
United Community Bank $690,000 $75,000 -89.1% 0.0%
THRIVENT Federal Credit Union $395,000 $70,000 -82.3% 0.0%
FNBC Bank & Trust $65,000 n/a 0.0%
GENISYS $35,000 $65,000 85.7% 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $65,000 n/a 0.0%
Liberty National Bank $65,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $200,000 $65,000 -67.5% 0.0%
ANGEL OAK HOME LOANS LLC $55,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 n/a 0.0%
IAA Credit Union $55,000 n/a 0.0%
WESCOM CENTRAL CREDIT UNION $55,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $50,000 n/a 0.0%
JUSTICE Federal Credit Union $45,000 n/a 0.0%
North Shore Bank FSB $45,000 n/a 0.0%
Illinois State Police Federal Credit Union $105,000 $35,000 -66.7% 0.0%
MidFirst Bank $35,000 n/a 0.0%
UNITED $105,000 $35,000 -66.7% 0.0%
Nicolet National Bank $225,000 $15,000 -93.3% 0.0%

ROCKFORD's top lender by overall market share is Blackhawk Bank, with 9.6% market share. In second place, with 6.6%, is ENVOY MORTGAGE, LTD, having originated $74,220,000 in loans. In third place, with 4.5%, is QUICKEN LOANS, LLC, having originated $50,470,000 in loans. In fourth place, with 4.3%, is Midwest Community Bank, having originated $48,425,000 in loans. In fifth place, with 3.2%, is Midland States Bank, having originated $36,325,000 in loans.


ROCKFORD Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - ROCKFORD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $129,900 (13.1%) $163,508 (14.4%) 0.48 928
2018-02-01 $131,725 (15.6%) $166,882 (18.7%) 0.48 847
2018-03-01 $134,900 (13.4%) $172,005 (16.7%) 0.47 797
2018-04-01 $139,900 (11.9%) $181,905 (19.5%) 0.47 773
2018-05-01 $144,900 (11.6%) $184,153 (16.6%) 0.48 848
2018-06-01 $149,000 (14.6%) $187,298 (15.6%) 0.50 974
2018-07-01 $149,000 (10.5%) $187,850 (10.3%) 0.50 1,064
2018-08-01 $145,475 (7.8%) $185,108 (9.0%) 0.49 1,109
2018-09-01 $140,750 (3.9%) $183,258 (8.3%) 0.47 1,143
2018-10-01 $137,450 (2.6%) $177,259 (7.0%) 0.47 1,143
2018-11-01 $135,900 (0.4%) $178,840 (7.2%) 0.46 1,050
2018-12-01 $134,900 (1.1%) $175,024 (4.6%) 0.47 988
2019-01-01 $134,900 (3.9%) $174,454 (6.7%) 0.47 908
2019-02-01 $134,475 (2.1%) $176,802 (5.9%) 0.45 826
2019-03-01 $139,907 (3.7%) $183,037 (6.4%) 0.46 779
2019-04-01 $147,725 (5.6%) $191,275 (5.2%) 0.47 736
2019-05-01 $149,925 (3.5%) $194,518 (5.6%) 0.47 777
2019-06-01 $159,900 (7.3%) $200,679 (7.1%) 0.50 864
2019-07-01 $155,000 (4.0%) $199,082 (6.0%) 0.49 977
2019-08-01 $153,609 (5.6%) $195,534 (5.6%) 0.49 1,029
2019-09-01 $151,523 (7.7%) $190,815 (4.1%) 0.49 1,093
2019-10-01 $147,450 (7.3%) $186,177 (5.0%) 0.48 1,144
2019-11-01 $139,900 (2.9%) $180,646 (1.0%) 0.46 1,094
2019-12-01 $139,900 (3.7%) $177,645 (1.5%) 0.47 983
2020-01-01 $138,125 (2.4%) $176,570 (1.2%) 0.46 898
2020-02-01 $145,000 (7.8%) $183,210 (3.6%) 0.48 806
2020-03-01 $145,325 (3.9%) $188,113 (2.8%) 0.46 746
2020-04-01 $149,900 (1.5%) $193,673 (1.3%) 0.47 726
2020-05-01 $159,900 (6.7%) $206,371 (6.1%) 0.49 636
2020-06-01 $170,000 (6.3%) $211,064 (5.2%) 0.50 594
2020-07-01 $174,975 (12.9%) $214,916 (8.0%) 0.51 546
2020-08-01 $169,900 (10.6%) $218,300 (11.6%) 0.49 527
2020-09-01 $175,200 (15.6%) $222,990 (16.9%) 0.50 495
2020-10-01 $163,000 (10.6%) $203,694 (9.4%) 0.47 529
2020-11-01 $154,175 (10.2%) $200,709 (11.1%) 0.45 514
2020-12-01 $139,900 (0.0%) $193,667 (9.0%) 0.42 435
2021-01-01 $133,200 (-3.6%) $196,268 (11.2%) 0.40 357
2021-02-01 $135,000 (-6.9%) $208,173 (13.6%) 0.39 259
2021-03-01 $150,225 (3.4%) $212,788 (13.1%) 0.43 219
2021-04-01 $162,400 (8.3%) $230,291 (18.9%) 0.44 200
2021-05-01 $172,450 (7.9%) $228,044 (10.5%) 0.46 275
2021-06-01 $172,425 (1.4%) $231,056 (9.5%) 0.45 397
2021-07-01 $165,000 (-5.7%) $228,765 (6.4%) 0.44 448
2021-08-01 $158,900 (-6.5%) $218,935 (0.3%) 0.42 543
2021-09-01 $162,400 (-7.3%) $217,992 (-2.2%) 0.43 555
2021-10-01 $164,900 (1.2%) $217,821 (6.9%) 0.44 562
2021-11-01 $154,675 (0.3%) $209,859 (4.6%) 0.41 513
2021-12-01 $142,725 (2.0%) $199,842 (3.2%) 0.39 464
2022-01-01 $145,250 (9.1%) $195,276 (-0.5%) 0.39 370
2022-02-01 $139,675 (3.5%) $203,388 (-2.3%) 0.36 269
2022-03-01 $147,200 (-2.0%) $222,745 (4.7%) 0.37 238
2022-04-01 $159,900 (-1.5%) $238,263 (3.5%) 0.38 254
2022-05-01 $178,475 (3.5%) $236,087 (3.5%) 0.41 286
2022-06-01 $189,950 (10.2%) $240,972 (4.3%) 0.42 354
2022-07-01 $202,495 (22.7%) $255,919 (11.9%) 0.46 416
2022-08-01 $192,450 (21.1%) $247,163 (12.9%) 0.44 463
2022-09-01 $189,700 (16.8%) $241,204 (10.7%) 0.44 465
2022-10-01 $174,900 (6.1%) $230,043 (5.6%) 0.41 460
2022-11-01 $172,400 (11.5%) $223,025 (6.3%) 0.41 459
2022-12-01 $169,900 (19.0%) $219,043 (9.6%) 0.42 409
2023-01-01 $164,900 (13.5%) $220,999 (13.2%) 0.41 324
2023-02-01 $154,350 (10.5%) $233,875 (15.0%) 0.37 244
2023-03-01 $154,925 (5.3%) $247,586 (11.2%) 0.37 221
2023-04-01 $180,000 (12.6%) $266,867 (12.0%) 0.42 196
2023-05-01 $188,550 (5.7%) $260,563 (10.4%) 0.43 235
ROCKFORD's median listing price for 2023-05-01 was $188,550, a difference of $10,075 (5.7%) versus the prior year and $8,550 versus the prior month.

ROCKFORD's median listing price comes in at 43% of the national average.

ROCKFORD's average listing price for 2023-05-01 was $260,563, a difference of $24,476 (10.4%) versus the prior year and $-6,304 versus the prior month.

For the 2023-05-01 period, ROCKFORD had 235 MLS listings, a difference of 39 listings (20%) versus the prior month and -51 listings (-18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - ROCKFORD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 75 days 1,855 sqft
2018-02-01 75 days 1,858 sqft
2018-03-01 61 days 1,891 sqft
2018-04-01 45 days 1,960 sqft
2018-05-01 38 days 2,000 sqft
2018-06-01 39 days 2,030 sqft
2018-07-01 43 days 2,030 sqft
2018-08-01 48 days 1,995 sqft
2018-09-01 57 days 1,992 sqft
2018-10-01 59 days 1,911 sqft
2018-11-01 60 days 1,947 sqft
2018-12-01 65 days 1,894 sqft
2019-01-01 77 days 1,827 sqft
2019-02-01 82 days 1,868 sqft
2019-03-01 68 days 1,803 sqft
2019-04-01 49 days 1,738 sqft
2019-05-01 43 days 1,736 sqft
2019-06-01 43 days 1,803 sqft
2019-07-01 42 days 1,976 sqft
2019-08-01 46 days 1,979 sqft
2019-09-01 50 days 1,947 sqft
2019-10-01 54 days 1,913 sqft
2019-11-01 60 days 1,898 sqft
2019-12-01 69 days 1,833 sqft
2020-01-01 81 days 1,807 sqft
2020-02-01 74 days 1,839 sqft
2020-03-01 53 days 1,852 sqft
2020-04-01 58 days 1,894 sqft
2020-05-01 65 days 2,024 sqft
2020-06-01 46 days 2,129 sqft
2020-07-01 39 days 2,180 sqft
2020-08-01 39 days 2,067 sqft
2020-09-01 38 days 2,076 sqft
2020-10-01 33 days 1,935 sqft
2020-11-01 39 days 1,923 sqft
2020-12-01 50 days 1,809 sqft
2021-01-01 58 days 1,777 sqft
2021-02-01 50 days 1,740 sqft
2021-03-01 37 days 1,672 sqft
2021-04-01 24 days 1,801 sqft
2021-05-01 18 days 1,853 sqft
2021-06-01 19 days 1,918 sqft
2021-07-01 25 days 2,017 sqft
2021-08-01 25 days 1,732 sqft
2021-09-01 33 days 1,728 sqft
2021-10-01 38 days 1,669 sqft
2021-11-01 47 days 1,654 sqft
2021-12-01 50 days 1,607 sqft
2022-01-01 53 days 1,640 sqft
2022-02-01 40 days 1,618 sqft
2022-03-01 32 days 1,613 sqft
2022-04-01 24 days 1,717 sqft
2022-05-01 24 days 1,755 sqft
2022-06-01 21 days 1,812 sqft
2022-07-01 29 days 1,870 sqft
2022-08-01 31 days 1,843 sqft
2022-09-01 39 days 1,830 sqft
2022-10-01 39 days 1,803 sqft
2022-11-01 42 days 1,785 sqft
2022-12-01 52 days 1,758 sqft
2023-01-01 62 days 1,724 sqft
2023-02-01 59 days 1,687 sqft
2023-03-01 46 days 1,725 sqft
2023-04-01 25 days 1,763 sqft
2023-05-01 21 days 1,681 sqft
ROCKFORD's median listing age (time on market) for 2023-05-01 was 21 days. This is -13% shorter than the same period one year ago.

ROCKFORD's median square footage for active listings during the 2023-05-01 period was 1,681 sqft. One year prior, the average listing was 1,755 sqft.

ROCKFORD, IL Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
60033 Rockford, IL $900 $990 $1,140 $1,440 $1,710
60135 Rockford, IL $760 $860 $1,110 $1,580 $1,900
60145 Rockford, IL $700 $790 $1,020 $1,450 $1,740
60146 Rockford, IL $640 $730 $930 $1,330 $1,610
60152 Rockford, IL $870 $950 $1,100 $1,390 $1,660
61008 Rockford, IL $560 $650 $850 $1,160 $1,230
61011 Rockford, IL $830 $950 $1,250 $1,710 $1,810
61012 Rockford, IL $580 $670 $880 $1,200 $1,280
61016 Rockford, IL $520 $600 $790 $1,080 $1,150
61019 Rockford, IL $600 $690 $910 $1,240 $1,320
61020 Rockford, IL $550 $630 $830 $1,130 $1,200
61024 Rockford, IL $490 $560 $740 $1,000 $1,070
61038 Rockford, IL $700 $790 $970 $1,290 $1,460
61039 Rockford, IL $550 $630 $830 $1,130 $1,200
61047 Rockford, IL $500 $570 $750 $1,020 $1,090
61052 Rockford, IL $640 $730 $930 $1,330 $1,610
61063 Rockford, IL $580 $670 $880 $1,200 $1,280
61065 Rockford, IL $830 $950 $1,250 $1,710 $1,810
61072 Rockford, IL $520 $600 $790 $1,080 $1,150
61073 Rockford, IL $730 $840 $1,100 $1,500 $1,600
61077 Rockford, IL $580 $670 $880 $1,200 $1,280
61079 Rockford, IL $500 $570 $760 $1,030 $1,100
61080 Rockford, IL $500 $570 $750 $1,020 $1,090
61084 Rockford, IL $670 $770 $1,010 $1,380 $1,470
61088 Rockford, IL $560 $650 $850 $1,160 $1,230
61101 Rockford, IL $520 $590 $780 $1,060 $1,130
61102 Rockford, IL $520 $590 $780 $1,060 $1,130
61103 Rockford, IL $540 $620 $810 $1,100 $1,180
61104 Rockford, IL $500 $580 $760 $1,040 $1,100
61105 Rockford, IL $550 $630 $830 $1,130 $1,200
61107 Rockford, IL $590 $680 $890 $1,210 $1,290
61108 Rockford, IL $570 $650 $860 $1,170 $1,250
61109 Rockford, IL $540 $620 $810 $1,100 $1,180
61110 Rockford, IL $550 $630 $830 $1,130 $1,200
61111 Rockford, IL $580 $660 $870 $1,190 $1,260
61112 Rockford, IL $540 $620 $820 $1,120 $1,200
61114 Rockford, IL $660 $750 $990 $1,350 $1,440
61115 Rockford, IL $640 $740 $970 $1,320 $1,410
61125 Rockford, IL $550 $630 $830 $1,130 $1,200
61126 Rockford, IL $550 $630 $830 $1,130 $1,200
61130 Rockford, IL $550 $630 $830 $1,130 $1,200
61131 Rockford, IL $550 $630 $830 $1,130 $1,200
61132 Rockford, IL $550 $630 $830 $1,130 $1,200

2022 Average & Median Rent Data Statistics
ROCKFORD, IL average 1BR rent: $688, median: $650
ROCKFORD, IL average 2BR rent: $894, median: $850
ROCKFORD, IL average 3BR rent: $1,218, median: $1,160

ROCKFORD, IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 4,217 $720,205,000 $170,786
Cash Out Refi 1,141 $157,685,000 $138,199
Refi 1,037 $174,135,000 $167,922
Other 541 $33,035,000 $61,063
Home Improvement 452 $37,850,000 $83,739

Rockford's most frequently cited loan purpose was Home Purchase, with 4,217 originations. The 2nd most popular reason was Cash Out Refi, with 1,141 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 1,952 $304,830,000 $156,163
4-5% 1,436 $243,600,000 $169,638
3-4% 1,368 $241,470,000 $176,513
6-7% 1,240 $161,210,000 $130,008
2.5-3% 383 $56,815,000 $148,342
7-8% 368 $43,470,000 $118,125
<2.5% 337 $30,035,000 $89,125
Over 8% 154 $10,500,000 $68,182

During 2022, Rockford's most frequently originated rate bucket was 5-6%, with 1,952 originations.

Loan Sizing (ROCKFORD, IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,183 $456,235,000 $143,335
$100,000 or less 2,824 $163,630,000 $57,943
$200k-400k 1,236 $320,510,000 $259,312
$400k-600k 90 $42,180,000 $468,667
$Over $1MM 32 $123,500,000 $3,859,375
$600k-1000k 23 $16,855,000 $732,826

ROCKFORD's loan sizing saw the bucket of loans from $100k-200k with 3,183 originations, totaling $456,235,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 3,275 $554,145,000 $169,205
60-80% 1,950 $356,780,000 $182,964
20-40% 658 $44,790,000 $68,070
Under 20% 656 $19,070,000 $29,070
40-60% 646 $79,710,000 $123,390
Over 100% 46 $24,250,000 $527,174

ROCKFORD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,275 originations, totaling $554,145,000 in origination value.