Central Terrrace, Rockford, IL
Central Terrrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Central Terrrace, Rockford, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Central Terrrace Neighborhood Overview
Central Terrrace is a residential neighborhood located in the heart of Rockford, Illinois. Positioned near the Rock River, it offers a convenient urban setting with a distinct community feel. The area provides residents with a blend of historic charm and central accessibility.
Lifestyle & Amenities
Residents enjoy proximity to downtown Rockford's evolving dining and entertainment options. The neighborhood's central location places it within easy reach of essential services and retail. Its setting fosters a convenient lifestyle for those who appreciate urban accessibility.
Real Estate Market
The real estate market in Central Terrrace features a Census median home value of $83,800. Current market data indicates an asking price per square foot of approximately $85.46. This positions the neighborhood as an affordable entry point into the Rockford housing market.
Schools & Education
Families in Central Terrrace are served by the Rockford Public School District. The district manages a variety of educational institutions serving different grade levels. Prospective residents are encouraged to research specific school assignments and ratings for the most current information.
Transportation & Connectivity
Central Terrrace benefits from excellent connectivity via major arterial roads leading throughout the city. Public transportation options are available through the Rockford Mass Transit District. The neighborhood's central location makes commuting and accessing regional highways relatively straightforward.
Why Choose Central Terrrace
Central Terrrace appeals to homebuyers seeking an affordable, centrally-located neighborhood in Rockford. With a median household income of $45,363, it represents an accessible community. Its proximity to downtown and major routes offers a practical balance of quiet living and urban convenience.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Central Terrrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $84K |
| Median Gross Rent | $922/mo |
| Median Household Income | $45K |
| Homeownership Rate | 52.4% |
| Renter-Occupied | 47.6% |
| Rental Vacancy Rate | 7.1% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 61101 |
| 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 Central Terrrace, Rockford
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Central Terrrace, Rockford, 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 2026-10-12