Rockford, IL · Illinois
Boone County
53,316 residents64 permits TTM$81,638 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$198,600
ACS 5-Year
Cap rate proxy
6.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.9%
HUD FMR ÷ ACS HHI
Net migration
+2.32%
IRS SOI
Permits (TTM)
64
Census BPS
Climate risk
57.3
FEMA NRI (0–100)
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 61008 | — | — | — | 0.9 | — |
| 61065 | — | — | — | 0.9 | — |
| 61011 | — | — | — | 0.9 | — |
| 61012 | $198,600 | $1,170 | 7.1% | 0.9 | 15.7% |
| 61038 | $198,600 | $1,260 | 7.6% | 0.9 | 24.6% |
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Demographics
Owner-occupied
83.0%
Census ACS
Vacancy rate
5.4%
Census ACS
Bachelor's degree +
23.2%
Census ACS
Rent burdened
43.4%
Census ACS (>30% income)
Median age
39.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026