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Rockford

Learn about the people, housing, costs and businesses in Rockford, Ohio

Median Home$130,000
Median Rent$813/month
Population972
Leading IndustriesRetail · Professional Services · Construction30% retail
Home Value Growth-2.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners81% of occupied units
NotableTransit79/100 · excellent transit access
NotableAffordable Market$130k median home · lower cost than 81% of the country
Rockford
OH

Frequently Asked Questions

What are today's mortgage rates in Rockford?

As of today, the 30-year fixed mortgage rate for Rockford is approximately 7.404% (7.458% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Rockford?

The median home value in Rockford is $130k. The median monthly rent is $813. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rockford?

Home values in Rockford have decreased 2.8% over the past two years. Buyers may find more negotiating room in this market. 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 Rockford?

Based on a typical all-in ownership cost of $748/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rockford is $60k/year.

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What industries drive the economy in Rockford?

The largest employment sectors in Rockford are retail (30%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.