Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

ZIP Code 61104

Learn about the people, housing, costs and businesses in 61104

Median Home$89,105
Median Rent$883/month
Population17,457
Leading IndustriesFinance & Insurance · Information & Media · Retail10% finance & insurance
Home Value Growth⬆⬆⬆+43.3% over 2 years
Family-Friendly28% of residentswell above average
Renters60% of occupied units
NotableAffordable Market$89k median home · lower cost than 96% of the country
ZIP Code
61104

Frequently Asked Questions

What are today's mortgage rates in ZIP code 61104?

As of today, the 30-year fixed mortgage rate for ZIP code 61104 is approximately 7.625% (7.672% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 61104
What is the median home price in ZIP code 61104?

The median home value in ZIP code 61104 is $89k. The median monthly rent is $883. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 61104?

Home values in ZIP code 61104 have increased 43.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 61104?

Based on a typical all-in ownership cost of $785/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 61104 is $34k/year.

Calculate your buying power
What industries drive the economy in ZIP code 61104?

The largest employment sectors in ZIP code 61104 are retail (19%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Other ZIP codes in ROCKFORD