Rockford Iowa is a wonderful place to live, with affordable homes and excellent schools. So, if you’re considering a move, it may be the right time. With recent changes in the real estate market, it’s important to know what’s going on so that you can make an informed decision. Here’s an analysis of the current Rockford Iowa housing market and some trends you should know about.
Population Growth
Rockford Iowa has been growing steadily over the last ten years, with a 3.6 percent increase between 2010 and 2015. This is likely due to the booming economy in the area and the large number of local jobs. The population increased from 39,861 in 2010 to 42,859 in 2015. Many people are moving to Rockford Iowa because of this growth and there’s no sign of stopping.
Housing Market Analysis
The housing market in Rockford Iowa has been on the rise. In January 2017, there were 74 homes sold in the Rockford area. That’s the most since September 2014. And while they’re still at a lower point than they were before the recession hit, this is a great sign of hope for buyers who are looking to purchase their first home or trade up to a larger one.
Additionally, there have been more listings coming to the market than we’ve seen in years. In December 2016, there were 54 listings that came onto the market – 41% higher than last year’s listing rate. To put this into perspective, these numbers are typically at about 20-30 per month and it’s not uncommon for them to be as low as 10 listings per month. So, with an increase in homes on the market, you can expect a decrease in prices eventually.
Home Prices
Rockford Iowa homes for sale are relatively affordable place to live. It’s easy to find a home for less than $150,000 and there are still some houses that go for less than $100,000. The average home in Rockford Iowa costs $112,480. That may seem like a lot of money, but it’s actually lower than the national average which is $269,600. This means that you’ll be able to buy more houses in Rockford Iowa depending on your budget!
School District
Rockford is a very family-oriented town, and that’s part of what makes it such a great place. In fact, the Rockford School District has earned an “A” rating from the state of Iowa. This means that, on average, class sizes are small and students have plenty of resources available to them.
Rockford, Iowa is in a prime location with well-established schools, low crime rates and a thriving economy. These factors, coupled with the city’s low cost of living, make this an attractive place to live. The best way to find out if Rockford, Iowa is the right place for you is to contact a Rockford, Iowa real estate agent today! They can assist you when looking what property to buy in Rockford Iowa for you to make the right pick.
