Rockford, several Illinois cities round out bottom of US housing market top 300 list
The Forest City ranks 294th out of the nation’s top 300 real estate markets, according to a study conducted by the personal finance website WalletHub.
While putting together the list, WalletHub examined 17 key indicators, including median home price appreciation, median days on the market, housing affordability, and the market’s home foreclosure rate.
Rockford’s foreclosure rate was among the 20 highest in the nation, the study found.
Seven other Illinois cities were ranked among the nation’s top 300 real estate markets including Naperville (190), Aurora (262), Waukegan (263), Elgin (277), Joliet (279), Chicago (282) and Peoria (300).
Frisco, Texas was named the top real estate market in the country, according to the study, while three other cities in the Lone Star State — Allen, McKinney and Austin — ranked second, third and fourth respectively.
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Rockford has more favorable ratings in other recent national publications.
Forbes Magazine praised the city in May as a “diverse community that is capitalizing on its many assets,” including its riverfront and public and private investments in the city’s downtown.
U.S. News & World Report ranked Rockford 114th among the nation’s top 150 places to retire in 2022 and 127th out of the nation’s 150 best places to live.
On a more dubious note, U.S. News & World Report ranked Rockford the nation’s 11th most dangerous place to live.
Ken DeCoster covers business news and features. Contact him at 815-987-1391, kdecoster@rrstar.com or @DeCosterKen.
This article originally appeared on Rockford Register Star: Illinois cities round out bottom of top 300 US housing markets list
