Is Rockford, IL a good place to invest in rental property?

Rockford, IL has a median modeled monthly cash flow of $-66 and a median cap rate of 5.9%, on a median sold price of $185,000. Prices changed +9.4% year over year.

What is the average cap rate in Rockford, IL?

The median cap rate across recently sold homes in Rockford, IL is 5.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rockford, IL?

The median sold price in Rockford, IL is $185,000 (about $116 per square foot).

Investing in Rockford, IL Real Estate

A data-driven snapshot of the Rockford, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$185,000Median sold price

$116Median $/sqft

5.9%Median cap rate

$-66Modeled cash flow / mo

+9.4%Appreciation YoY

4.8Months of supply

1,102Active listings

2,745Sold (last 12 mo)

What the Rockford numbers say

In Rockford, IL, the median home sold for $185,000 (about $116 per square foot), and the typical deal models out to a 5.9% cap rate with a median $-66 of monthly cash flow. Sold prices moved +9.4% over the past year. Inventory sits at about 4.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Rockford cash-flowing listings

CashFlowRE ranks every for-sale home in Rockford, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Rockford deals, or browse the national market data.