Homestead Gardens, Machesney Park, IL
Homestead Gardens — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Homestead Gardens, Machesney Park, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Homestead Gardens Neighborhood Overview
Homestead Gardens is a residential neighborhood located in the village of Machesney Park, Illinois. Positioned with convenient access to the Rock River and major retail corridors, it offers a suburban lifestyle within the greater Rockford metropolitan area. The community provides a balanced environment for families and individuals seeking a quiet place to call home.
Lifestyle & Amenities
Residents enjoy proximity to essential shopping and services along North Second Street and Illinois Route 173. The neighborhood is close to several parks and recreational areas, including the Rock River for boating and fishing. This location provides easy access to everyday conveniences while maintaining a residential feel.
Real Estate Market
The real estate in Homestead Gardens primarily consists of single-family homes. According to U.S. Census data, the median home value in the area is $150,400, representing an affordable entry point into homeownership. The market attracts buyers looking for value and stability in the northern Illinois region.
Schools & Education
Homestead Gardens is served by the Harlem School District, which operates several schools in the Machesney Park area. Families have access to local public education from elementary through high school. The district provides a range of academic and extracurricular programs for students.
Transportation & Connectivity
The neighborhood is well-connected by major roads, including Illinois Route 173 and North Second Street, facilitating easy commutes to Rockford and beyond. While primarily car-dependent, the area's layout allows for efficient travel throughout the region. Its location offers straightforward access to Interstate 90 for longer trips.
Why Choose Homestead Gardens
Homestead Gardens appeals to those seeking an affordable, family-friendly community with a median household income of $70,500. It offers a practical blend of suburban tranquility and convenient access to urban amenities in Rockford. The neighborhood represents a solid value for homebuyers in the Stateline area.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Homestead Gardens Market Data
| Metric | Value |
|---|---|
| Median Home Price | $150K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $71K |
| Homeownership Rate | 80.3% |
| Renter-Occupied | 19.7% |
| Rental Vacancy Rate | 5.4% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 61115 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Homestead Gardens, Machesney Park
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Homestead Gardens, Machesney Park, IL. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15