The story of this market
The typical home in ZIP 61042 sells for about $179,402, or $118 per square foot.
Prices are up +12.1% from a year ago, so sellers still have some momentum. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $796 a month.
ZIP 61042 — Holcomb
The housing market in the 61042 area remains competitive, driven by low inventory and steady demand for single-family homes. Prices have seen consistent year-over-year growth, reflecting the broader trend in the Rockford metro region. Sellers currently maintain pricing power due to the limited supply of available properties.
This ZIP is best suited for buyers seeking a rural lifestyle within commuting distance of the Rockford metro area, including families and those looking for more space at a lower price point than urban centers.
Median prices moved up 12.1% year over year.
Homes spend a median of 10 days on market with 0.6 months of supply — a fast-moving market.
39% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 17.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61042, Lee County, Illinois
Not determinable at the ZIP level; regional crime data for the Rockford area generally reflects urban-center trends typical of mid-sized Midwestern cities.
Schools serving the area are primarily rural-district focused, with performance ratings varying by specific local school district oversight.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near regional waterways.
Economic momentum is tied to the broader Rockford metro area, which serves as a regional hub for manufacturing, logistics, and healthcare employment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents typically rely on personal vehicles for commuting, with access to regional highways connecting to the Rockford employment core.
The area features rural landscapes with access to local parks and outdoor recreation typical of Lee County, with major shopping and dining concentrated in the nearby Rockford metro.
The rental market is characterized by limited inventory and steady demand, with most stock consisting of single-family homes rather than large multi-family complexes.
The economy is anchored by the broader Rockford metro area, which features a mix of manufacturing, healthcare, and logistics industries.
Transportation is primarily highway-dependent, with regional corridors providing access to Rockford and surrounding Lee County communities.
Development is primarily focused on residential expansion and infrastructure maintenance within the rural-to-suburban transition zones.
The Lee County Assessor manages property valuations, with assessments updated periodically to reflect market changes.
Parcels are subject to local school district taxes and county-level levies for public services.
Property insurance premiums are influenced by regional exposure to severe weather events common in Northern Illinois.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Illinois law requires sellers to provide a Residential Real Property Disclosure Report detailing the condition of the property.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- LUXX The Restaurant4.88.9 mi
- Plum Hollow Family Center4.311.8 mi
- The Factory Pub N Grub4.59 mi
- Mom's Restaurant4.511.6 mi
- Touch of Thai and The Barcode4.38.5 mi
- Midway Drive-In4.79.8 mi
- Ronald Reagan Boyhood Home4.610.4 mi
- Green River State Wildlife Management Area4.55.1 mi
- Plum Hollow Family Center4.311.8 mi
- AMC CLASSIC Sauk Valley 83.69.1 mi
- Ronald Reagan Boyhood Home4.610.4 mi
- John Deere Historic Site4.815.7 mi
- Ronald Reagan's Birthplace4.712.2 mi
- Amboy Depot Museum4.712.2 mi
- Loveland Community House4.510.6 mi
- Green River State Wildlife Management Area4.55.1 mi
- Sinnissippi Park and Native American Mounds4.78.1 mi
- Wooden Wonderland4.712.2 mi
- Kilgour Park4.59.8 mi
- Hoover Park4.48.2 mi
- Deer Valley Golf Club4.57.7 mi
- Emerald Hill Golf Course4.39.4 mi
- Timber Creek Golf4.312.6 mi
- Blain's Farm & Fleet4.48.9 mi
- County Market4.111.9 mi
- Kohl's4.38.9 mi
- Northland Mall3.58.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Hosts regional community events and agricultural fairs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.