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
6.29%
for the week of 2023-01-26, compared to the national average of
6.13% for the same period.
The average rate for the prior week (2023-01-19) was
6.21% and
one month ago for the week of 2022-12-22, the
average rate was 6.63%.
Rockford's average rate one year ago was 3.82%.
For refis of the same type during the week of 2023-01-26, the average rate
was 6.47%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-01-26 | 6.13% |
| Rockford 30 Year Fixed Rate | 2023-01-26 | 6.29% |
| Rockford 30 Year Fixed Rate Refi | 2023-01-26 | 6.47% |
| Rockford 15 Year Fixed Rate | 2023-01-26 | 5.39% |
| Rockford 15 Year Fixed Rate Refi | 2023-01-26 | 5.23% |
| Rockford 30 Year FHA | 2023-01-26 | 6.06% |
| Rockford 30 Year FHA Refi | 2023-01-26 | 6.37% |
| Rockford 30 Year USDA | 2023-01-26 | 5.99% |
| Rockford 30 Year USDA Refi | 2023-01-26 | 6.51% |
| Rockford 30 Year VA | 2023-01-26 | 6.02% |
| Rockford 30 Year VA Refi | 2023-01-26 | 6.01% |
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.).
ROCKFORD Average Closing Costs & Other Stats
ROCKFORD, IL's 220 lenders originated 11,939
loans during 2021. The total origination value was $1,749,985,000, with an average loan value of
$146,577.
ROCKFORD's average closing costs are $3,684.
The top ROCKFORD lender as defined by loan originations is Blackhawk Bank, with
701 loans originated. Their average total fees are
$3,039, which is $131
higher than the next largest lender,
Midwest Community Bank.
The lowest fee ROCKFORD lenders (with over 10 loans originated) are
HERITAGE CREDIT UNION ($1,444), Byron Bank ($1,888), Stillman BancCorp N.A. ($1,920), JPMorgan Chase Bank ($1,973) and MORTGAGE CENTER L.C ($2,008).
The lowest rate ROCKFORD lenders (with over 10 loans originated) are
Bank of America (2.95%), SENB Bank (2.98%), DRAPER AND KRAMER MORTGAGE CORP. (2.98%), The Huntington National Bank (2.99%) and AMERISAVE MORTGAGE CORPORATION (3.03%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Blackhawk Bank | $201,105,000 | $163,485,000 | -18.7% | 9.3% |
| Midwest Community Bank | $147,070,000 | $134,850,000 | -8.3% | 7.7% |
| ENVOY MORTGAGE, LTD | $103,020,000 | $118,375,000 | 14.9% | 6.8% |
| QUICKEN LOANS, LLC | $80,380,000 | $107,805,000 | 34.1% | 6.2% |
| NORTHWEST BANK OF ROCKFORD | $72,105,000 | $58,555,000 | -18.8% | 3.3% |
| Stillman BancCorp N.A. | $78,925,000 | $57,970,000 | -26.6% | 3.3% |
| Midland States Bank | $59,165,000 | $43,920,000 | -25.8% | 2.5% |
| FIRST NORTHERN Credit Union | $55,620,000 | $43,345,000 | -22.1% | 2.5% |
| Byron Bank | $75,805,000 | $41,955,000 | -44.7% | 2.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $19,305,000 | $36,535,000 | 89.3% | 2.1% |
| JPMorgan Chase Bank | $21,105,000 | $33,495,000 | 58.7% | 1.9% |
| ACADEMY MORTGAGE CORPORATION | $31,660,000 | $31,695,000 | 0.1% | 1.8% |
| FREEDOM MORTGAGE CORPORATION | $30,855,000 | $31,680,000 | 2.7% | 1.8% |
| U.S. Bank | $20,290,000 | $30,305,000 | 49.4% | 1.7% |
| The First National Bank and Trust Company | $44,655,000 | $29,950,000 | -32.9% | 1.7% |
| Associated Bank | $26,340,000 | $29,115,000 | 10.5% | 1.7% |
| Barrington Bank & Trust Company, N.A. | $26,165,000 | $27,445,000 | 4.9% | 1.6% |
| Illinois Bank & Trust | $17,665,000 | $27,060,000 | 53.2% | 1.5% |
| First National Bank of Omaha | $19,735,000 | $24,870,000 | 26.0% | 1.4% |
| LOANDEPOT.COM, LLC | $15,400,000 | $24,155,000 | 56.9% | 1.4% |
| Mortgage Research Center, LLC | $16,250,000 | $22,425,000 | 38.0% | 1.3% |
| PNC Bank | $19,270,000 | $21,430,000 | 11.2% | 1.2% |
| Wells Fargo Bank | $16,000,000 | $18,900,000 | 18.1% | 1.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,995,000 | $18,420,000 | 104.8% | 1.1% |
| BMO Harris Bank | $16,325,000 | $17,060,000 | 4.5% | 1.0% |
| SUMMIT FUNDING, INC. | $14,990,000 | n/a | 0.9% | |
| GUARANTEED RATE, INC. | $13,585,000 | $14,955,000 | 10.1% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $3,815,000 | $14,495,000 | 279.9% | 0.8% |
| WALKER & DUNLOP, LLC | $9,965,000 | $14,370,000 | 44.2% | 0.8% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $12,385,000 | $14,325,000 | 15.7% | 0.8% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $14,205,000 | n/a | 0.8% | |
| First Community Credit Union | $14,045,000 | n/a | 0.8% | |
| Rock Valley Credit Union | $17,760,000 | $13,470,000 | -24.2% | 0.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,510,000 | $11,955,000 | -27.6% | 0.7% |
| Holcomb Bank | $15,785,000 | $11,795,000 | -25.3% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,320,000 | $11,275,000 | 78.4% | 0.6% |
| CALIBER HOME LOANS, INC. | $8,955,000 | $10,080,000 | 12.6% | 0.6% |
| NEWREZ LLC | $5,080,000 | $9,815,000 | 93.2% | 0.6% |
| Resource Bank, N.A. | $9,635,000 | n/a | 0.6% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $6,555,000 | $9,290,000 | 41.7% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $3,685,000 | $9,230,000 | 150.5% | 0.5% |
| The Huntington National Bank | $6,830,000 | $8,925,000 | 30.7% | 0.5% |
| HERITAGE CREDIT UNION | $4,785,000 | $8,670,000 | 81.2% | 0.5% |
| Fifth Third Bank | $3,855,000 | $8,465,000 | 119.6% | 0.5% |
| First State Bank | $2,715,000 | $8,120,000 | 199.1% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $4,470,000 | $7,895,000 | 76.6% | 0.5% |
| Neighborhood Loans, Inc. | $3,885,000 | $7,105,000 | 82.9% | 0.4% |
| Valley National Bank | $6,755,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $2,360,000 | $6,545,000 | 177.3% | 0.4% |
| Union Savings Bank | $6,760,000 | $6,220,000 | -8.0% | 0.4% |
| BROKER SOLUTIONS, INC. | $4,350,000 | $6,110,000 | 40.5% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $4,130,000 | $6,000,000 | 45.3% | 0.3% |
| COMPASS MORTGAGE, INC. | $4,720,000 | $5,770,000 | 22.2% | 0.3% |
| Arbor Realty Trust, Inc. | $9,230,000 | $5,750,000 | -37.7% | 0.3% |
| BETTER MORTGAGE CORPORATION | $1,270,000 | $5,695,000 | 348.4% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,530,000 | $5,430,000 | 114.6% | 0.3% |
| MORTGAGE CENTER L.C | $4,310,000 | $5,365,000 | 24.5% | 0.3% |
| SENB Bank | $4,070,000 | $4,955,000 | 21.7% | 0.3% |
| First Federal Bank | $1,635,000 | $4,895,000 | 199.4% | 0.3% |
| PLANET HOME LENDING, LLC | $1,070,000 | $4,650,000 | 334.6% | 0.3% |
| Carrington Mortgage Services, LLC | $2,495,000 | $4,300,000 | 72.3% | 0.2% |
| Flagstar Bank, FSB | $2,000,000 | $4,300,000 | 115.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,275,000 | $4,235,000 | 86.2% | 0.2% |
| The Federal Savings Bank | $3,415,000 | $4,235,000 | 24.0% | 0.2% |
| Bank of America | $5,600,000 | $4,210,000 | -24.8% | 0.2% |
| The Harvard State Bank | $7,365,000 | $4,190,000 | -43.1% | 0.2% |
| Platinum Home Mortgage Corporation | $17,095,000 | $4,160,000 | -75.7% | 0.2% |
| USAA Federal Savings Bank | $5,250,000 | $4,105,000 | -21.8% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $5,745,000 | $4,085,000 | -28.9% | 0.2% |
| VILLAGE CAPITAL & INVESTMENT LLC | $3,265,000 | $4,085,000 | 25.1% | 0.2% |
| Bank of the West | $3,995,000 | n/a | 0.2% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,620,000 | $3,715,000 | 129.3% | 0.2% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,080,000 | $3,665,000 | 76.2% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $4,000,000 | $3,650,000 | -8.8% | 0.2% |
| Key Mortgage Services, Inc. | $3,440,000 | $3,590,000 | 4.4% | 0.2% |
| Rockford Bell Credit Union | $3,375,000 | n/a | 0.2% | |
| HOMESIDE FINANCIAL, LLC | $3,360,000 | $3,345,000 | -0.4% | 0.2% |
| INLAND BANK & TRUST | $2,230,000 | $3,240,000 | 45.3% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,010,000 | $3,225,000 | 60.4% | 0.2% |
| GREYSTONE SERVICING COMPANY LLC | $2,955,000 | $3,155,000 | 6.8% | 0.2% |
| CELEBRITY HOME LOANS, LLC | $960,000 | $3,115,000 | 224.5% | 0.2% |
| First Midwest Bank | $1,915,000 | $2,950,000 | 54.0% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $1,440,000 | $2,760,000 | 91.7% | 0.2% |
| INLANTA MORTGAGE, INC. | $2,385,000 | $2,700,000 | 13.2% | 0.2% |
| ILLINOIS STATE CREDIT UNION | $3,350,000 | $2,645,000 | -21.0% | 0.2% |
| Old Second National Bank | $1,460,000 | $2,325,000 | 59.2% | 0.1% |
| CMG MORTGAGE, INC. | $445,000 | $2,265,000 | 409.0% | 0.1% |
| InterContinental Capital Group, Inc | $360,000 | $2,225,000 | 518.1% | 0.1% |
| BLUELEAF LENDING, LLC | $1,455,000 | $2,195,000 | 50.9% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $670,000 | $2,155,000 | 221.6% | 0.1% |
| Sauk Valley Bank & Trust Company | $1,315,000 | $2,150,000 | 63.5% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,300,000 | $2,130,000 | 63.8% | 0.1% |
| First Bank & Trust | $3,305,000 | $2,125,000 | -35.7% | 0.1% |
| Home State Bank | $2,225,000 | $2,100,000 | -5.6% | 0.1% |
| Republic Bank of Chicago | $2,080,000 | n/a | 0.1% | |
| First American Bank | $1,825,000 | $2,055,000 | 12.6% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $2,125,000 | $2,050,000 | -3.5% | 0.1% |
| ADVIA | $1,995,000 | $2,020,000 | 1.3% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $2,165,000 | $1,895,000 | -12.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $345,000 | $1,890,000 | 447.8% | 0.1% |
| Baxter Credit Union | $360,000 | $1,880,000 | 422.2% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,280,000 | $1,775,000 | 38.7% | 0.1% |
| Blackhawk Community Credit Union | $2,135,000 | $1,760,000 | -17.6% | 0.1% |
| Johnson Bank | $1,985,000 | $1,585,000 | -20.2% | 0.1% |
| COMPEER FINANCIAL, FLCA | $3,530,000 | $1,560,000 | -55.8% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $1,220,000 | $1,510,000 | 23.8% | 0.1% |
| Self-Help Federal Credit Union | $815,000 | $1,380,000 | 69.3% | 0.1% |
| Plains Commerce Bank | $845,000 | $1,365,000 | 61.5% | 0.1% |
| Chicago Mortgage Solutions LLC | $645,000 | $1,360,000 | 110.9% | 0.1% |
| PROPER RATE, LLC | $1,200,000 | $1,350,000 | 12.5% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,420,000 | $1,225,000 | -13.7% | 0.1% |
| GMFS LLC | $940,000 | $1,215,000 | 29.3% | 0.1% |
| Mutual Federal Bank | $750,000 | $1,210,000 | 61.3% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $600,000 | $1,195,000 | 99.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $125,000 | $1,185,000 | 848.0% | 0.1% |
| Servion, Inc. | $650,000 | $1,140,000 | 75.4% | 0.1% |
| UNION HOME MORTGAGE CORP. | $1,690,000 | $1,125,000 | -33.4% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,485,000 | $1,115,000 | -24.9% | 0.1% |
| BAY EQUITY LLC | $75,000 | $1,075,000 | 1,333.3% | 0.1% |
| Discover Bank | $285,000 | $1,050,000 | 268.4% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,080,000 | $1,040,000 | -3.7% | 0.1% |
| Citizens Bank | $650,000 | $1,025,000 | 57.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $1,055,000 | $1,020,000 | -3.3% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $135,000 | $1,000,000 | 640.7% | 0.1% |
| DAS Acquisition Company, LLC | $485,000 | $995,000 | 105.2% | 0.1% |
| EMBRACE HOME LOANS, INC. | $230,000 | $955,000 | 315.2% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $175,000 | $945,000 | 440.0% | 0.1% |
| First Guaranty Mortgage Corporation | $250,000 | $940,000 | 276.0% | 0.1% |
| Equity Prime Mortgage LLC | $235,000 | $935,000 | 297.9% | 0.1% |
| OCMBC, INC. | $645,000 | $900,000 | 39.5% | 0.1% |
| Gold Coast Bank | $165,000 | $885,000 | 436.4% | 0.1% |
| GENEVA FINANCIAL, LLC | $505,000 | $860,000 | 70.3% | 0.0% |
| The Home Loan Expert LLC | $440,000 | $850,000 | 93.2% | 0.0% |
| Wisconsin River Bank | $850,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $335,000 | $845,000 | 152.2% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $310,000 | $840,000 | 171.0% | 0.0% |
| Manufacturers and Traders Trust Company | $365,000 | $835,000 | 128.8% | 0.0% |
| Central Bank Illinois | $8,945,000 | $830,000 | -90.7% | 0.0% |
| Lakeview Community Capital, LLC | $135,000 | $825,000 | 511.1% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $680,000 | $820,000 | 20.6% | 0.0% |
| SOFI LENDING CORP. | $620,000 | $815,000 | 31.5% | 0.0% |
| THOMPSON KANE & COMPANY, LLC | $590,000 | $815,000 | 38.1% | 0.0% |
| STEARNS LENDING, LLC | $1,270,000 | $800,000 | -37.0% | 0.0% |
| 21ST MORTGAGE CORPORATION | $250,000 | $795,000 | 218.0% | 0.0% |
| Northpointe Bank | $540,000 | $775,000 | 43.5% | 0.0% |
| Citibank | $65,000 | $770,000 | 1,084.6% | 0.0% |
| Chicago Financial Services, Inc. | $300,000 | $760,000 | 153.3% | 0.0% |
| Ixonia Bank | $315,000 | $760,000 | 141.3% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $1,585,000 | $755,000 | -52.4% | 0.0% |
| GUILD MORTGAGE COMPANY | $640,000 | $755,000 | 18.0% | 0.0% |
| CLEARPATH LENDING | $2,220,000 | $730,000 | -67.1% | 0.0% |
| CONSUMERS COOPERATIVE CREDIT UNION | $7,035,000 | $725,000 | -89.7% | 0.0% |
| Strong Home Mortgage, LLC | $725,000 | n/a | 0.0% | |
| UIF CORPORATION | $1,115,000 | $715,000 | -35.9% | 0.0% |
| United Community Bank | $640,000 | $690,000 | 7.8% | 0.0% |
| Town & Country Banc Mortgage Services, Inc. | $535,000 | $685,000 | 28.0% | 0.0% |
| First Federal Savings Bank | $1,075,000 | $680,000 | -36.7% | 0.0% |
| Deere Employees Credit Union | $605,000 | $650,000 | 7.4% | 0.0% |
| Hometown Lenders, Inc. | $510,000 | $650,000 | 27.5% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $700,000 | $650,000 | -7.1% | 0.0% |
| Ally Bank | $1,090,000 | $645,000 | -40.8% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $570,000 | $640,000 | 12.3% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $185,000 | $620,000 | 235.1% | 0.0% |
| First National Bank of America | $615,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $255,000 | $585,000 | 129.4% | 0.0% |
| MORIA DEVELOPMENT, INC. | $585,000 | n/a | 0.0% | |
| Summit Credit Union | $240,000 | $585,000 | 143.8% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $960,000 | $580,000 | -39.6% | 0.0% |
| NBKC BANK | $1,040,000 | $580,000 | -44.2% | 0.0% |
| EDUCATORS CREDIT UNION | $395,000 | $565,000 | 43.0% | 0.0% |
| PHH Mortgage Corporation | $990,000 | $565,000 | -42.9% | 0.0% |
| Flanagan State Bank | $290,000 | $550,000 | 89.7% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $550,000 | n/a | 0.0% | |
| Nations Lending Corporation | $145,000 | $540,000 | 272.4% | 0.0% |
| CIBM Bank | $1,355,000 | $535,000 | -60.5% | 0.0% |
| T2 FINANCIAL LLC | $530,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $285,000 | $525,000 | 84.2% | 0.0% |
| LENDERFI, INC. | $520,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $95,000 | $515,000 | 442.1% | 0.0% |
| AMERICAN ADVISORS GROUP | $175,000 | $505,000 | 188.6% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $380,000 | $490,000 | 28.9% | 0.0% |
| EMM LOANS LLC | $205,000 | $485,000 | 136.6% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $480,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $630,000 | $475,000 | -24.6% | 0.0% |
| Figure Lending LLC | $420,000 | $470,000 | 11.9% | 0.0% |
| HOMESTEAD FUNDING CORP. | $805,000 | $470,000 | -41.6% | 0.0% |
| Stifel Bank and Trust | $455,000 | $470,000 | 3.3% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $460,000 | n/a | 0.0% | |
| CITY-COUNTY CREDIT UNION | $310,000 | $455,000 | 46.8% | 0.0% |
| EVERETT FINANCIAL, INC. | $1,015,000 | $455,000 | -55.2% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $300,000 | $455,000 | 51.7% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $455,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $280,000 | $455,000 | 62.5% | 0.0% |
| American Bank and Trust Company | $450,000 | n/a | 0.0% | |
| MORTGAGE ACCESS CORP. | $450,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $155,000 | $450,000 | 190.3% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $680,000 | $435,000 | -36.0% | 0.0% |
| PARKSIDE LENDING, LLC | $765,000 | $430,000 | -43.8% | 0.0% |
| KS StateBank | $405,000 | $415,000 | 2.5% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $275,000 | $410,000 | 49.1% | 0.0% |
| Low VA Rates, LLC | $175,000 | $400,000 | 128.6% | 0.0% |
| A&D Mortgage LLC | $395,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $270,000 | $395,000 | 46.3% | 0.0% |
| American Airlines Federal Credit Union | $390,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $750,000 | $390,000 | -48.0% | 0.0% |
| Arvest Bank | $385,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $100,000 | $385,000 | 285.0% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $140,000 | $380,000 | 171.4% | 0.0% |
| Charles Schwab Bank, SSB | $370,000 | n/a | 0.0% | |
| The Bank of Brodhead | $280,000 | $370,000 | 32.1% | 0.0% |
| First Horizon Bank | $365,000 | n/a | 0.0% | |
| First Savings Bank | $900,000 | $365,000 | -59.4% | 0.0% |
| Raymond James Bank | $125,000 | $365,000 | 192.0% | 0.0% |
| ALLIANT CREDIT UNION | $765,000 | $360,000 | -52.9% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $360,000 | n/a | 0.0% | |
| The First National Bank of Ottawa | $95,000 | $360,000 | 278.9% | 0.0% |
| United Fidelity Funding Corp. | $905,000 | $360,000 | -60.2% | 0.0% |
| DUPACO COMMUNITY | $610,000 | $355,000 | -41.8% | 0.0% |
| LENDSURE MORTGAGE CORP. | $355,000 | n/a | 0.0% | |
| NP, Inc. | $195,000 | $355,000 | 82.1% | 0.0% |
| AMWEST FUNDING CORP. | $330,000 | $345,000 | 4.5% | 0.0% |
| Warren-Boynton State Bank | $345,000 | n/a | 0.0% | |
| LincolnWay Community Bank | $335,000 | n/a | 0.0% | |
| NEW FED MORTGAGE, CORP. | $335,000 | n/a | 0.0% | |
| Paramount Bank | $145,000 | $335,000 | 131.0% | 0.0% |
| Princeton Mortgage Corporation | $335,000 | n/a | 0.0% | |
| Bank of England | $310,000 | $330,000 | 6.5% | 0.0% |
| FINANCE OF AMERICA COMMERCIAL LLC | $220,000 | $330,000 | 50.0% | 0.0% |
| Mid-Continent Funding, Inc. | $855,000 | $330,000 | -61.4% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $325,000 | n/a | 0.0% | |
| First Western Federal Savings Bank | $325,000 | n/a | 0.0% | |
| Oxford Bank & Trust | $435,000 | $325,000 | -25.3% | 0.0% |
| PREMIA MORTGAGE, LLC | $325,000 | n/a | 0.0% | |
| Network Funding, L.P. | $320,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $1,020,000 | $320,000 | -68.6% | 0.0% |
| TCF National Bank | $770,000 | $320,000 | -58.4% | 0.0% |
| UNITED MORTGAGE CORP. | $75,000 | $320,000 | 326.7% | 0.0% |
| Community Mortgage Banc Corporation | $525,000 | $315,000 | -40.0% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $315,000 | n/a | 0.0% | |
| Bell Bank | $310,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $460,000 | $300,000 | -34.8% | 0.0% |
| EASTMAN | $295,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $290,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $285,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $285,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $545,000 | $285,000 | -47.7% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $280,000 | n/a | 0.0% | |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $275,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $275,000 | n/a | 0.0% | |
| Florida Capital Bank | $270,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $270,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $205,000 | $265,000 | 29.3% | 0.0% |
| Greenbox Loans, Inc. | $265,000 | n/a | 0.0% | |
| NFM, INC. | $265,000 | n/a | 0.0% | |
| The Union Bank Company | $135,000 | $265,000 | 96.3% | 0.0% |
| Ameris Bank | $255,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $255,000 | n/a | 0.0% | |
| MARINE | $250,000 | n/a | 0.0% | |
| UNITED HOME LOANS, INC. | $235,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $225,000 | n/a | 0.0% | |
| Nicolet National Bank | $225,000 | n/a | 0.0% | |
| Starion Bank | $225,000 | $225,000 | 0.0% | 0.0% |
| THE ANDERSON FINANCIAL GROUP, INC. | $225,000 | n/a | 0.0% | |
| Cornerstone National Bank & Trust Company | $545,000 | $220,000 | -59.6% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $215,000 | n/a | 0.0% | |
| CORPORATE AMERICA FAMILY | $190,000 | $215,000 | 13.2% | 0.0% |
| Farmers & Merchants State Bank | $215,000 | n/a | 0.0% | |
| First Bankers Trust Company | $215,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $65,000 | $205,000 | 215.4% | 0.0% |
| Morgan Stanley Private Bank | $205,000 | n/a | 0.0% | |
| NORTHROP GRUMMAN Federal Credit Union | $205,000 | n/a | 0.0% | |
| Petefish, Skiles & Co. | $205,000 | n/a | 0.0% | |
| Texana Bank | $205,000 | n/a | 0.0% | |
| TIAA, FSB | $125,000 | $205,000 | 64.0% | 0.0% |
| Providence Bank & Trust | $220,000 | $200,000 | -9.1% | 0.0% |
| V.I.P. MORTGAGE, INC. | $85,000 | $200,000 | 135.3% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $50,000 | $195,000 | 290.0% | 0.0% |
| Bank of Springfield | $190,000 | n/a | 0.0% | |
| Credit Union 1 | $180,000 | $190,000 | 5.6% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $190,000 | n/a | 0.0% | |
| BNC National Bank | $185,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $185,000 | n/a | 0.0% | |
| NORTHERN MORTGAGE SERVICES, LLC | $165,000 | $185,000 | 12.1% | 0.0% |
| Triumph Bank | $185,000 | n/a | 0.0% | |
| ARC HOME LLC | $290,000 | $175,000 | -39.7% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $175,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $170,000 | n/a | 0.0% | |
| GREAT LAKES | $375,000 | $165,000 | -56.0% | 0.0% |
| Merchants Bank of Indiana | $335,000 | $165,000 | -50.7% | 0.0% |
| The Bank of New Glarus | $460,000 | $165,000 | -64.1% | 0.0% |
| Old National Bank | $675,000 | $160,000 | -76.3% | 0.0% |
| ACCESS CAPITAL FUNDING, L.L.C. | $155,000 | n/a | 0.0% | |
| AMERIFIRST FINANCIAL CORPORATION | $155,000 | n/a | 0.0% | |
| Auto Club Trust, FSB | $155,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $410,000 | $155,000 | -62.2% | 0.0% |
| PremierBank | $155,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $155,000 | n/a | 0.0% | |
| Farmers National Bank | $145,000 | n/a | 0.0% | |
| First Mortgage Solutions, LLC | $145,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $145,000 | n/a | 0.0% | |
| Peoples Bank | $145,000 | n/a | 0.0% | |
| Bank of Milton | $135,000 | n/a | 0.0% | |
| Farmers-Merchants Bank of Illinois | $135,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $135,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $135,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $380,000 | $135,000 | -64.5% | 0.0% |
| BEST CAPITAL FUNDING | $125,000 | n/a | 0.0% | |
| DuPage Credit Union | $125,000 | n/a | 0.0% | |
| First Financial Bank | $185,000 | $125,000 | -32.4% | 0.0% |
| GSF Mortgage Corporation | $215,000 | $125,000 | -41.9% | 0.0% |
| Fidelity Bank | $115,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.0% | |
| CASTLE & COOKE MORTGAGE, LLC | $105,000 | n/a | 0.0% | |
| Cincinnati Federal | $125,000 | $105,000 | -16.0% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $105,000 | n/a | 0.0% | |
| FirstBank | $105,000 | n/a | 0.0% | |
| First Mid Bank & Trust | $435,000 | $105,000 | -75.9% | 0.0% |
| Illinois State Police Federal Credit Union | $115,000 | $105,000 | -8.7% | 0.0% |
| INOVA FEDERAL CREDIT UNION | $15,000 | $105,000 | 600.0% | 0.0% |
| LENDUS, LLC | $105,000 | n/a | 0.0% | |
| UNITED | $105,000 | n/a | 0.0% | |
| Woodford State Bank | $95,000 | $105,000 | 10.5% | 0.0% |
| Bankers' Bank | $95,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $95,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $95,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $85,000 | n/a | 0.0% | |
| AmRes Corporation | $240,000 | $75,000 | -68.8% | 0.0% |
| CANOPY MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| Vibrant Credit Union | $170,000 | $75,000 | -55.9% | 0.0% |
| Regions Bank | $415,000 | $65,000 | -84.3% | 0.0% |
| Town Bank, N.A. | $65,000 | n/a | 0.0% | |
| Farmers State Bank of Alto Pass | $55,000 | n/a | 0.0% | |
| Fortifi Bank | $55,000 | n/a | 0.0% | |
| GERSHMAN INVESTMENT CORP. | $335,000 | $55,000 | -83.6% | 0.0% |
| Secured Investment Corp. | $55,000 | n/a | 0.0% | |
| Think Mutual Bank | $405,000 | $55,000 | -86.4% | 0.0% |
| Fortress Bank | $45,000 | n/a | 0.0% | |
| GENISYS | $35,000 | n/a | 0.0% | |
| HealthCare Associates Credit Union | $45,000 | $35,000 | -22.2% | 0.0% |
| SKYONE Federal Credit Union | $35,000 | n/a | 0.0% |
ROCKFORD's top lender by overall market share is Blackhawk Bank, with 9.3% market share. In second place, with 7.7%, is Midwest Community Bank, having originated $134,850,000 in loans. In third place, with 6.8%, is ENVOY MORTGAGE, LTD, having originated $118,375,000 in loans. In fourth place, with 6.2%, is QUICKEN LOANS, LLC, having originated $107,805,000 in loans. In fifth place, with 3.3%, is NORTHWEST BANK OF ROCKFORD, having originated $58,555,000 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 (19.4%) | 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%) | $185,110 (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%) | 0.46 | 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 | $140,529 (4.2%) | $183,083 (6.4%) | 0.46 | 779 |
| 2019-04-01 | $148,450 (6.1%) | $191,330 (5.2%) | 0.47 | 738 |
| 2019-05-01 | $149,925 (3.5%) | $194,520 (5.6%) | 0.47 | 780 |
| 2019-06-01 | $159,900 (7.3%) | $200,608 (7.1%) | 0.50 | 869 |
| 2019-07-01 | $155,000 (4.0%) | $198,823 (5.8%) | 0.49 | 982 |
| 2019-08-01 | $153,609 (5.6%) | $195,220 (5.5%) | 0.49 | 1,034 |
| 2019-09-01 | $151,523 (7.7%) | $190,536 (4.0%) | 0.48 | 1,098 |
| 2019-10-01 | $147,425 (7.3%) | $185,929 (4.9%) | 0.48 | 1,149 |
| 2019-11-01 | $139,900 (2.9%) | $180,409 (0.9%) | 0.46 | 1,099 |
| 2019-12-01 | $139,900 (3.7%) | $177,399 (1.4%) | 0.47 | 988 |
| 2020-01-01 | $137,750 (2.1%) | $176,168 (1.0%) | 0.46 | 903 |
| 2020-02-01 | $145,000 (7.8%) | $182,734 (3.4%) | 0.47 | 811 |
| 2020-03-01 | $144,950 (3.2%) | $187,733 (2.5%) | 0.45 | 751 |
| 2020-04-01 | $149,900 (1.0%) | $193,060 (0.9%) | 0.47 | 731 |
| 2020-05-01 | $159,900 (6.7%) | $205,791 (5.8%) | 0.49 | 640 |
| 2020-06-01 | $170,000 (6.3%) | $210,503 (4.9%) | 0.50 | 598 |
| 2020-07-01 | $174,450 (12.6%) | $214,135 (7.7%) | 0.51 | 551 |
| 2020-08-01 | $169,900 (10.6%) | $217,198 (11.3%) | 0.49 | 532 |
| 2020-09-01 | $172,813 (14.1%) | $221,840 (16.4%) | 0.50 | 500 |
| 2020-10-01 | $161,000 (9.2%) | $201,959 (8.6%) | 0.46 | 534 |
| 2020-11-01 | $150,000 (7.2%) | $199,789 (10.7%) | 0.44 | 519 |
| 2020-12-01 | $139,900 (0.0%) | $192,755 (8.7%) | 0.42 | 440 |
| 2021-01-01 | $132,500 (-3.8%) | $195,093 (10.7%) | 0.40 | 362 |
| 2021-02-01 | $135,000 (-6.9%) | $206,185 (12.8%) | 0.39 | 264 |
| 2021-03-01 | $149,950 (3.5%) | $210,440 (12.1%) | 0.43 | 224 |
| 2021-04-01 | $159,475 (6.4%) | $227,167 (17.7%) | 0.43 | 205 |
| 2021-05-01 | $169,700 (6.1%) | $225,629 (9.6%) | 0.45 | 280 |
| 2021-06-01 | $169,450 (-0.3%) | $229,658 (9.1%) | 0.45 | 402 |
| 2021-07-01 | $162,500 (-6.9%) | $227,460 (6.2%) | 0.43 | 452 |
| 2021-08-01 | $155,575 (-8.4%) | $217,905 (0.3%) | 0.41 | 548 |
| 2021-09-01 | $162,050 (-6.2%) | $217,010 (-2.2%) | 0.43 | 560 |
| 2021-10-01 | $163,450 (1.5%) | $217,059 (7.5%) | 0.44 | 567 |
| 2021-11-01 | $154,300 (2.9%) | $208,845 (4.5%) | 0.41 | 518 |
| 2021-12-01 | $142,425 (1.8%) | $198,890 (3.2%) | 0.39 | 469 |
| 2022-01-01 | $144,900 (9.4%) | $194,071 (-0.5%) | 0.39 | 375 |
| 2022-02-01 | $139,450 (3.3%) | $201,616 (-2.2%) | 0.36 | 274 |
| 2022-03-01 | $144,950 (-3.3%) | $220,342 (4.7%) | 0.36 | 243 |
| 2022-04-01 | $158,500 (-0.6%) | $235,710 (3.8%) | 0.38 | 259 |
| 2022-05-01 | $172,875 (1.9%) | $234,919 (4.1%) | 0.40 | 291 |
| 2022-06-01 | $185,000 (9.2%) | $238,817 (4.0%) | 0.41 | 359 |
| 2022-07-01 | $199,900 (23.0%) | $254,139 (11.7%) | 0.45 | 421 |
| 2022-08-01 | $192,175 (23.5%) | $245,571 (12.7%) | 0.44 | 468 |
| 2022-09-01 | $187,450 (15.7%) | $239,795 (10.5%) | 0.44 | 470 |
| 2022-10-01 | $172,500 (5.5%) | $228,716 (5.4%) | 0.41 | 465 |
| 2022-11-01 | $170,250 (10.3%) | $221,728 (6.2%) | 0.41 | 464 |
| 2022-12-01 | $169,900 (19.3%) | $217,644 (9.4%) | 0.42 | 414 |
ROCKFORD's median listing price for 2022-12-01 was $169,900, a difference of
$27,475
(19.3%) versus the prior year and
$-350 versus the prior month.
ROCKFORD's median listing price comes in at 42% of the national average.
ROCKFORD's average listing price for 2022-12-01 was $217,644, a difference of $18,754 (9.4%) versus the prior year and $-4,084 versus the prior month.
For the 2022-12-01 period, ROCKFORD had 414 MLS listings, a difference of -50 listings (-11%) versus the prior month and -55 listings (-12%) versus the prior year.
ROCKFORD's median listing price comes in at 42% of the national average.
ROCKFORD's average listing price for 2022-12-01 was $217,644, a difference of $18,754 (9.4%) versus the prior year and $-4,084 versus the prior month.
For the 2022-12-01 period, ROCKFORD had 414 MLS listings, a difference of -50 listings (-11%) versus the prior month and -55 listings (-12%) 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 | 80 days | 1,855 sqft |
| 2018-02-01 | 81 days | 1,858 sqft |
| 2018-03-01 | 67 days | 1,891 sqft |
| 2018-04-01 | 50 days | 1,960 sqft |
| 2018-05-01 | 41 days | 2,000 sqft |
| 2018-06-01 | 41 days | 2,030 sqft |
| 2018-07-01 | 45 days | 2,030 sqft |
| 2018-08-01 | 51 days | 1,995 sqft |
| 2018-09-01 | 59 days | 1,992 sqft |
| 2018-10-01 | 63 days | 1,911 sqft |
| 2018-11-01 | 64 days | 1,947 sqft |
| 2018-12-01 | 68 days | 1,894 sqft |
| 2019-01-01 | 80 days | 1,827 sqft |
| 2019-02-01 | 86 days | 1,868 sqft |
| 2019-03-01 | 71 days | 1,804 sqft |
| 2019-04-01 | 51 days | 1,739 sqft |
| 2019-05-01 | 44 days | 1,736 sqft |
| 2019-06-01 | 44 days | 1,803 sqft |
| 2019-07-01 | 45 days | 1,972 sqft |
| 2019-08-01 | 48 days | 1,978 sqft |
| 2019-09-01 | 51 days | 1,945 sqft |
| 2019-10-01 | 56 days | 1,911 sqft |
| 2019-11-01 | 61 days | 1,889 sqft |
| 2019-12-01 | 70 days | 1,829 sqft |
| 2020-01-01 | 82 days | 1,803 sqft |
| 2020-02-01 | 77 days | 1,827 sqft |
| 2020-03-01 | 54 days | 1,850 sqft |
| 2020-04-01 | 61 days | 1,891 sqft |
| 2020-05-01 | 67 days | 2,023 sqft |
| 2020-06-01 | 50 days | 2,120 sqft |
| 2020-07-01 | 41 days | 2,162 sqft |
| 2020-08-01 | 43 days | 2,062 sqft |
| 2020-09-01 | 41 days | 2,065 sqft |
| 2020-10-01 | 36 days | 1,928 sqft |
| 2020-11-01 | 40 days | 1,921 sqft |
| 2020-12-01 | 52 days | 1,797 sqft |
| 2021-01-01 | 61 days | 1,768 sqft |
| 2021-02-01 | 59 days | 1,724 sqft |
| 2021-03-01 | 40 days | 1,663 sqft |
| 2021-04-01 | 28 days | 1,796 sqft |
| 2021-05-01 | 19 days | 1,850 sqft |
| 2021-06-01 | 20 days | 1,905 sqft |
| 2021-07-01 | 25 days | 2,014 sqft |
| 2021-08-01 | 26 days | 1,723 sqft |
| 2021-09-01 | 34 days | 1,715 sqft |
| 2021-10-01 | 38 days | 1,666 sqft |
| 2021-11-01 | 47 days | 1,650 sqft |
| 2021-12-01 | 51 days | 1,606 sqft |
| 2022-01-01 | 54 days | 1,640 sqft |
| 2022-02-01 | 45 days | 1,616 sqft |
| 2022-03-01 | 35 days | 1,611 sqft |
| 2022-04-01 | 25 days | 1,709 sqft |
| 2022-05-01 | 25 days | 1,744 sqft |
| 2022-06-01 | 21 days | 1,811 sqft |
| 2022-07-01 | 30 days | 1,856 sqft |
| 2022-08-01 | 32 days | 1,831 sqft |
| 2022-09-01 | 39 days | 1,813 sqft |
| 2022-10-01 | 41 days | 1,803 sqft |
| 2022-11-01 | 43 days | 1,779 sqft |
| 2022-12-01 | 56 days | 1,758 sqft |
ROCKFORD's median listing age (time on market) for 2022-12-01 was 56 days.
This
is 10%
longer
than the same period one year ago.
ROCKFORD's median square footage for active listings during the 2022-12-01 period was 1,758 sqft. One year prior, the average listing was 1,606 sqft.
ROCKFORD's median square footage for active listings during the 2022-12-01 period was 1,758 sqft. One year prior, the average listing was 1,606 sqft.
ROCKFORD, IL Average Rent (2022)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| 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 | 5,249 | $826,055,000 | $157,374 |
| Refi | 4,152 | $608,990,000 | $146,674 |
| Cash Out Refi | 2,012 | $280,930,000 | $139,627 |
| Other | 292 | $19,340,000 | $66,233 |
| Home Improvement | 233 | $14,495,000 | $62,210 |
| NA | 1 | $175,000 | $175,000 |
Rockford's most frequently cited loan purpose was Home Purchase, with 5,249 originations. The 2nd most popular reason was Refi, with 4,152 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 5,126 | $770,710,000 | $150,353 |
| 2.5-3% | 3,905 | $588,845,000 | $150,793 |
| <2.5% | 1,922 | $261,410,000 | $136,009 |
| 4-5% | 486 | $59,100,000 | $121,605 |
| 5-6% | 141 | $10,395,000 | $73,723 |
| 6-7% | 65 | $3,515,000 | $54,077 |
| Over 8% | 37 | $1,475,000 | $39,865 |
| 7-8% | 33 | $1,235,000 | $37,424 |
During 2021, Rockford's most frequently originated rate bucket was 3-4%, with 5,126 originations.
Loan Sizing (ROCKFORD, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 5,997 | $851,225,000 | $141,942 |
| $100,000 or less | 3,932 | $254,940,000 | $64,837 |
| $200k-400k | 1,819 | $468,935,000 | $257,798 |
| $400k-600k | 141 | $66,185,000 | $469,397 |
| $Over $1MM | 30 | $93,130,000 | $3,104,333 |
| $600k-1000k | 20 | $15,570,000 | $778,500 |
ROCKFORD's loan sizing saw the bucket of loans from $100k-200k with 5,997 originations, totaling $851,225,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 4,966 | $795,250,000 | $160,139 |
| 60-80% | 4,044 | $630,330,000 | $155,868 |
| 40-60% | 1,360 | $165,310,000 | $121,551 |
| 20-40% | 542 | $37,500,000 | $69,188 |
| Under 20% | 477 | $9,465,000 | $19,843 |
| Over 100% | 66 | $17,790,000 | $269,545 |
ROCKFORD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,966 originations, totaling $795,250,000 in origination value.