What's a good cap rate in Rockford?

In Rockford, cap rates typically run around 7.5% (Illinois state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Rockford deal lands versus this benchmark.

What's the average rent for a rental in Rockford?

A typical rental in Rockford runs about $1,175–$1,555/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in Illinois?

Illinois's effective property tax rate is about 2.08% of value per year — the figure TrueCap applies by default for Rockford deals. You can override it with the exact local rate.

Rockford, IL

Rockford rental property analysis

Rockford has some of the lowest home prices in the Midwest, with aerospace and healthcare employment and strong rent-to-price ratios.

Rockford market snapshot

Cash-flow market

Higher typical cap rates — built for monthly cash flow more than price growth.

Typical cap rate

7.5%

Illinois state median

Typical rent

$1,175–$1,555/mo

HUD FMR · 2–3BR · 2026

Typical price

$110,000–$180,000

est., all-in

Property tax

2.08%

Illinois effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Rockford a good place to buy rentals?

Pure yield: cheap acquisition plus solid rents. Watch Illinois property taxes and screen neighborhoods carefully. Older stock — reserve for capex.

See the full Illinoisinvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Rockford

East Rockford

More stable, desirable tenants.

Northeast

Affordable SFRs, family renters.

Loves Park

Suburb; owner-occupant feel, low vacancy.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Rockford deal in 60 seconds

Paste a Rockford address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Illinois tax and HUD rent so you start from the right assumptions.

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