The typical owner-occupied home in Rockford is worth about $93,000, 56% below the Alabama median of $209,900 and 72% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.21% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $43,125 a year, so the median home costs 2.2 times the median income (3.3 times for Alabama). 71% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Rockford at a glance
| Rockford | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $93,000 | $209,900 | $332,700 |
| Median property tax paid per year | $199 | $788 | $3,119 |
| Property tax as a share of value | 0.21% | 0.38% | 0.94% |
| Median household income | $43,125 | $63,999 | $80,734 |
| Homes lived in by their owners | 71% | 70% | 65% |
| Owner homes with a mortgage | 37% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $580 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 19.0% | 21.0% |
| Median rent | $615 | $1,007 | $1,413 |
| Rent as a share of renters' income | 28.8% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1986 | 1980 |
| Vacant homes | 20.5% | 14.5% | 10.1% |
| Population | 622 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Rockford
At this week's average 30-year rate of 7.11%, buying the median Rockford home of $93,000 with 20% down costs about $556 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $710, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,808 for the 20%-down payment. That payment is 15% of the median Rockford household income of $43,125; at that income and 20% down, the 28% guideline points to a home of about $168,000.
The median rent here is $615 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,600 |
|---|---|
| Loan amount | $74,400 |
| Principal and interest | $500 |
| Property taxes (0.21% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $556 |
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| Down payment | $3,255 |
|---|---|
| Loan amount | $91,316 |
| Principal and interest | $614 |
| Property taxes (0.21% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $710 |
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Questions about home buying in Rockford
What is the median home value in Rockford?
About $93,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rockford?
Homeowners pay a median $199 a year, which is about 0.21% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Rockford?
For the median home with 20% down at 7.11%, the payment is about $556 a month. Keeping that under 28% of gross income takes about $23,808 a year.
More about Rockford
- Mortgage Refinance in Rockford
- Debt Relief in Rockford
- Home Equity Loans in Rockford
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data