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Rockwood

Learn about the people, housing, costs and businesses in Rockwood, Illinois

Median Home$157,300
Median Rent$850/month
Population30
Leading IndustriesTransportation · Information & Media3% transportation
Home Value Growth+2.2% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners92% of occupied units
NotableTransit80/100 · excellent transit access
NotableHigh Incomes$85k/year · top 30% nationally
Rockwood
IL

Frequently Asked Questions

What are today's mortgage rates in Rockwood?

As of today, the 30-year fixed mortgage rate for Rockwood is approximately 6.994% (7.003% 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 Rockwood?

The median home value in Rockwood is $157k. The median monthly rent is $850. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rockwood?

Home values in Rockwood have increased 2.2% over the past two years. The market has been relatively stable. 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 Rockwood?

Based on a typical all-in ownership cost of $799/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 Rockwood is $85k/year.

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What industries drive the economy in Rockwood?

The largest employment sectors in Rockwood are public administration (23%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.