Median Home Price
$314,516.51
Median Rent
$2,113.41/mo
Price-to-Rent RatioBETTER
12.4
Property Tax RateTIE
2.27%
Price Change (1Y)
+2.9%
Price Change (5Y)
+14.4%
Break-Even Years
N/A
10-Year Wealth Difference
$90,658
Median Home PriceBETTER
$195,413.19
Median RentBETTER
$1,211.55/mo
Price-to-Rent Ratio
13.4
Property Tax RateTIE
2.27%
Price Change (1Y)BETTER
+8.0%
Price Change (5Y)BETTER
+39.8%
Break-Even YearsBETTER
5 years
10-Year Wealth DifferenceBETTER
+$20,428
Key Differences
Home Prices
Chicago's median home price of $314,516.51 is higher than Rockford's $195,413.19 by 61%.
Monthly Rent
Renting in Chicago costs $2,113.41/mo compared to $1,211.55/mo in Rockford—a difference of $901.86/mo.
Buy vs Rent Verdict
Chicago favors renting, while Rockford favors buying.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.