Palmwood, Rockford, IL
Palmwood — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Palmwood, Rockford, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Palmwood Neighborhood Overview
Palmwood is a residential neighborhood located in the 61101 ZIP code of Rockford, Illinois. Positioned at coordinates 42.2922, -89.1161, it offers a central location within the city. The community provides a quiet, established setting for its residents.
Lifestyle & Amenities
Residents of Palmwood enjoy a neighborhood-focused lifestyle with convenient access to local services. The area features typical suburban amenities, including nearby parks and shopping corridors. Its location supports a blend of residential calm and practical urban necessities.
Real Estate Market
The Palmwood real estate market is characterized by its affordability, with a Census-reported median home value of $83,800. Current market data indicates an asking price per square foot of approximately $178.59. This presents a range of homeownership opportunities for buyers.
Schools & Education
Families in Palmwood are served by the Rockford Public School District. The district operates several elementary, middle, and high schools throughout the city. Parents are encouraged to research specific school assignments and programs available to the neighborhood.
Transportation & Connectivity
Palmwood benefits from good connectivity via major Rockford thoroughfares, facilitating easy commutes. Public transportation options are provided by the Rockford Mass Transit District. The neighborhood's layout is primarily designed for vehicular travel.
Why Choose Palmwood
Palmwood appeals to homebuyers seeking an affordable entry into Rockford's housing market with a median household income of $45,363. Its established streets and central location offer a practical balance of value and convenience. The neighborhood represents a straightforward, budget-conscious community within the city.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Palmwood 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 Palmwood, Rockford
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Palmwood, 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