Colonial Village, Rockford, IL
Colonial Village — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Colonial Village, Rockford, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Colonial Village Neighborhood Overview
Colonial Village is a residential neighborhood located in the heart of Rockford, Illinois, within the 61101 ZIP code. It offers a central location with a traditional, community-focused atmosphere. The area provides residents with convenient access to the broader amenities of the city.
Lifestyle & Amenities
Residents enjoy a quiet, neighborhood-oriented lifestyle with nearby access to local parks and essential services. Its central position means shopping, dining, and healthcare facilities are just a short drive away. The community atmosphere is a key draw for families and long-term residents.
Real Estate Market
The real estate in Colonial Village is characterized by its affordability, with a U.S. Census median home value of $83,800. This market presents an accessible entry point for first-time homebuyers and investors. The neighborhood primarily features single-family homes that reflect its established character.
Schools & Education
Families in Colonial Village are served by the Rockford Public School District, which operates several schools in the area. The district offers a range of educational programs for students from elementary through high school. Parents are encouraged to research specific school assignments and ratings based on their address.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity via major arterial roads, simplifying commutes and travel across Rockford. Public transportation options are available through the Rockford Mass Transit District. Its central location ensures quick access to downtown Rockford and key city highways.
Why Choose Colonial Village
Colonial Village is an ideal choice for those seeking an affordable, centrally located neighborhood in Rockford. With a median household income of $45,363, it offers a cost-effective lifestyle without sacrificing city access. It represents a practical community for buyers looking for value and convenience.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Colonial Village 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 Colonial Village, Rockford
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Colonial Village, 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