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Rental Insights for ZIP Code 61103 (Rockford, IL)

Housing Rentals in ZIP Code 61103 (Rockford, IL)

61103 ZIP Code in Illinois

A Detailed Housing Rental Snapshot of the ZIP Code 61103

ZIP Code 61103 is principally located in Rockford, IL in Winnebago County. The median housing rent payment in this Illinois region is $739 per month. Approximately 46.4% of housing units in this Winnebago County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 11.0%.

The median rent in ZIP Code 61103 of $739 per month is 27% lower than the aggregate Illinois median monthly rent of $1,010, and is 30% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 56.3% of residents in ZIP Code 61103 pay between $500 and $999 per month for rent. That is 45% higher than in Illinois overall, in which 38.8% of total state residents pay between $500 and $999 per month for housing. Just 0.4% of renters in ZIP Code 61103 pay between $2,500 and $2,999 for monthly rent.

ZIP Code 61103 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 61103

See the chart below for a comparison of monthly rental costs in ZIP Code 61103, Illinois, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 61103 along with those in the state of Illinois and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 61103

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 61103 Illinois U.S.
Less than $500 19.0% 10.4% 9.4%
$500 to $999 56.3% 38.8% 36.2%
$1,000 to $1,499 18.9% 30.1% 30.0%
$1,500 to $1,999 4.3% 12.8% 14.0%
$2,000 to $2,499 0.6% 4.7% 5.6%
$2,500 to $2,999 0.4% 1.8% 2.4%
$3,000 or more 0.5% 1.4% 2.4%

Rent Cost vs. Income in ZIP Code 61103

Renters in ZIP Code 61103 use an estimated 31.29% of their income to cover their monthly rent payments. That is about 7% higher than in Illinois overall. The estimate for Illinois overall is 29.36% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 61103 renters use about 5% more of their income to cover rent expense. Household income figures for ZIP Code 61103 come in lower than in Illinois as a whole. The median annual household income in ZIP Code 61103 of $39,116 sits approximately 41% lower than the overall Illinois median income of $65,886 and approximately 38% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 61103

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 61103, Illinois, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 61103 along with the same calculations in the state of Illinois and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 61103

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 61103 Illinois U.S.
Less than 15.0 percent 8.2% 14.1% 13.1%
15.0 to 19.9 percent 11.5% 13.6% 12.9%
20.0 to 24.9 percent 14.6% 13.1% 12.9%
25.0 to 29.9 percent 12.3% 11.2% 11.6%
30.0 to 34.9 percent 9.5% 8.6% 9.1%
35.0 percent or more 44.0% 39.4% 40.5%

Household Income in ZIP Code 61103

See the table below for the regional comparison of annual household income in ZIP Code 61103.

Income ZIP 61103 Illinois U.S.
Less than $10,000 9.9% 6.3% 6.0%
$10,000 to $14,999 8.4% 3.8% 4.3%
$15,000 to $24,999 15.4% 8.6% 8.9%
$25,000 to $34,999 12.7% 8.4% 8.9%
$35,000 to $49,999 14.2% 11.6% 12.3%
$50,000 to $74,999 15.4% 16.7% 17.2%
$75,000 to $99,999 9.0% 12.8% 12.7%
$100,000 to $149,999 9.6% 16.1% 15.1%
$150,000 to $199,999 2.9% 7.4% 6.8%
$200,000 or more 2.6% 8.3% 7.7%

Household Income in ZIP Code 61103

See the chart below for a comparison of annual household income figures in ZIP Code 61103, Illinois, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 61103 alongside the same figures for the state of Illinois and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 61103

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 61103.

ZIP 61103 Illinois U.S.
Median Housing Rent $739 $1,010 $1,062
Renter-Occupied Housing Units 46.4% 33.9% 36.0%
Rental Vacancy Rate 11.0% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.04 2.35 2.49
Average # of Bedrooms Per Unit 2.44 2.7 2.75
Percent of Income Spent on Rent 31.29% 29.36% 29.83%
Per Capita Income $25,934 $36,038 $34,103
Median Household Income $57,795 $92,395 $88,607
Living Below the Poverty Line 17.3% 8.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 61103

In ZIP Code 61103 (Rockford, IL), and estimated 46.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 11.0%.

The per capita income in 61103 is estimated at $25,934, which goes along with an estimated median household income of $57,795. About 17.3% of residents in this Winnebago County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.04 occupants, while the units have an aggregate average size of 2.44 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.29% of their income on housing rental costs.

Rental FAQs for ZIP Code 61103

1

What is the median monthly rent in ZIP Code 61103?

Median rent for housing in ZIP Code 61103 in Winnebago County in Illinois is approximately $739 per month.
2

Is it expensive to rent in ZIP Code 61103?

Rent in ZIP Code 61103 is lower than average in the state of Illinois overall. The median monthly rent of $739 in ZIP Code 61103 is approximately 27% lower than the Illinois median of $1,010. Additionally, median rent in this Rockford, IL region ($739) is about 30% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 61103?

High-priced rentals are less common in ZIP Code 61103 than in Illinois overall. The percentage of rentals in ZIP Code 61103 that cost $3,000 or more per month (0.5%) is about 64% lower than the Illinois rate of 1.4% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 79% higher than the aforementioned 61103 rate of 0.5%.
4

Are affordable rentals common in ZIP Code 61103?

Affordable rentals are more common in ZIP Code 61103 than in Illinois overall. The percentage of housing rentals in ZIP Code 61103 costing $999 or less per month (75.3%) is approximately 53% higher than the Illinois rate of 49.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 65% lower than the previously mentioned 61103 rate of 75.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 61103?

The most common range for rental cost in ZIP Code 61103 is between $500 and $999 per month. About 56.3% of renters in 61103 pay in this range for monthly rent. In comparison, approximately 38.8% of renters in the state of Illinois fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 61103 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 61103 is higher than the rental vacancy rate in the state of Illinois overall. Rental vacancy of 11.0% in ZIP Code 61103 is about 77% higher than the Illinois rate of 6.2%. Looking more broadly, rental vacancy in this Rockford, IL region (11.0%) is an estimated 83% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 61103? How does it compare to other Illinois regions?

Median household income in ZIP Code 61103 is lower than in the state of Illinois overall. Annual household income of $39,116 in ZIP Code 61103 is about 41% lower than the Illinois median of $65,886. Additionally, median household income in this Rockford, IL region ($39,116) is approximately 38% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 61103 spend on housing costs?

Renters in ZIP Code 61103 spend a higher amount of their income on rent costs than do renters in Illinois overall. Renters in ZIP Code 61103 spend an estimated 31.29% of their income on rent payments, which is about 7% higher than the overall Illinois estimated rate of 29.36%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 5% lower than the ZIP Code 61103 estimated rate of 31.29%.
9

Do renters in ZIP Code 61103 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 61103 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 61103 spending 30 percent or more of their income on rent costs (53.5%) is approximately 11% higher than the Illinois rate of 48% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 8% lower than the aforementioned 61103 rate of 53.5%.
10

What is the average household size of renter-occupied units in ZIP Code 61103?

The average household size of renter-occupied units in ZIP Code 61103 is lower than in the state of Illinois overall. Annual household size of 2.04 in ZIP Code 61103 is about 13% lower than the Illinois median of 2.35. Additionally, median household size in this Rockford, IL region (2.04) is approximately 18% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Illinois ZIP Codes