APRIL2019 Rockford Metro · 2020. 4. 23. · Rockford Home Values Current: $115,200 Monthly Change: 0% Quarterly Change: 0.5% Annual Change: 2.8% Negative Equity*: 15% Home Values

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APRIL2019 Rockford Metro

National Home Values

Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%

Rockford Home Values

Current: $115,200Monthly Change: 0%Quarterly Change: 0.5%Annual Change: 2.8%Negative Equity*: 15%

Home Values Forecast

(next 12 months)

National: 2.8%Rockford Metro: 0.7%

Major Cities - Home Values

RockfordCurrent: $86,400Monthly Change: -0.2%Annual Change: 3.5%

BelvidereCurrent: $136,100Monthly Change: 0.1%Annual Change: 1.9%

Machesney ParkCurrent: $113,300Monthly Change: 0.2%Annual Change: 3.4%

Loves ParkCurrent: $104,300Monthly Change: 0.2%Annual Change: 5.4%

RoscoeCurrent: $179,200Monthly Change: 0.2%Annual Change: 2.3%

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year1.9% - 2.4% 2.5% - 3.5% 3.6% - 5.0% 5.1% - 6.7% 6.8% - 9.3%

Home Values (ZHVI)Increasing Values: 46.5%Decreasing Values: 43.4%Fall From Peak: -14%Peak ZHVI Date: 2007-09Peak ZHVI: $133,900

RentZillow Rent Index: $1,140Monthly Change: 0.4%Annual Change: 8.1%

Rent List Price: $980Rent List/Sq. Ft.: $0.8

SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $130,000Monthly Change: 0.1%Annual Change: -0.8%

List Price/Sq. Ft.: $82Listings with Price Cut: 12.7%Amount of Price Cut: 3.8%

ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –

Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp

How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.

* Negative equity data is from 2018Q2.

APRIL2019

*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be

available online at www.zillow.com/research/data by emailing [email protected]

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)

Belvidere 136,100 0.1 -0.7 1.9 180,000 1996-06 -24.4 1,332 -0.3 -0.7 0 -0.1 15.7Capron 126,900 -0.2 -1.8 2.9 184,700 1996-01 -31.3 1,315 -0.4 -1 1.1 0.2 20.0Cherry Valley 163,300 0.9 3 5.4 181,800 2007-08 -10.2 1,320 0.7 -0.2 -1.5 4.9 12.5Durand 105,100 -0.6 -3.2 4.2 112,600 2018-11 -6.7 1,087 1.1 4.4 22.3 -2.6 15.1Garden Prairie 179,300 0.3 0.2 2.4 221,000 2006-08 -18.9 1,411 -0.6 -2.2 -2.6 0.8 9.1Loves Park 104,300 0.2 1.3 5.4 119,300 2007-07 -12.6 1,092 0.6 2.2 10 2.4 11.2Machesney Park 113,300 0.2 1.5 3.4 121,700 2007-03 -6.9 1,126 0.4 1.9 8.7 1.6 11.1Pecatonica 126,400 0.4 2.4 6.7 129,400 2008-01 -2.3 1,110 -0.1 1.8 14.3 4.4 11.1Poplar Grove 142,400 0.1 -0.1 3.1 176,900 2007-04 -19.5 1,365 -0.1 -0.3 -1.2 1.1 15.4Rockford 86,400 -0.2 0.8 3.5 112,500 2007-08 -23.2 1,001 0.3 1.4 11.3 1.3 21.0Rockton 157,000 0.3 1.4 3.2 162,400 2007-12 -3.3 1,299 0.2 0.2 3 1.7 5.2Roscoe 179,200 0.2 1.2 2.3 179,700 2018-10 -0.3 1,397 0.6 0.4 -2 0.7 4.8South Beloit 135,400 0.8 2.8 5 135,400 2019-04 0.0 1,249 -0.2 0.5 7.2 3.8 12.0Winnebago 158,100 0.2 1.8 9.3 158,100 2019-04 0.0 1,252 0.2 -0.2 8.5 4.7 8.7

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)

Boone County 151,400 0 -0.6 0.9 187,700 2007-04 -19.3 1,366 -0.2 -0.7 -1.2 -0.5Winnebago County 108,800 -0.1 0.7 3.2 125,100 2007-08 -13.0 1,081 0.6 2.3 13.6 1