Belvidere, IL housing market
Homes typically sell in 5 days, a little above asking.
Home values, sales, trends and how Belvidere compares with the towns next door — updated as new data is published.
Belvidere at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 61% in 5 years
The federal house price index for the ZIP code around Belvidere rose 61% over the past 5 years, faster than across Illinois (47%). Last year prices rose 10%. Carrying the Census median home value forward with that index puts the typical Belvidere home at roughly $272,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +10% | +74% | +96% |
| 2024 | +6.8% | +58% | +85% |
| 2023 | +8.4% | +48% | +73% |
| 2022 | +12% | +36% | +61% |
| 2021 | +13% | +22% | +44% |
| 2020 | +1.5% | +8.5% | +33% |
| 2019 | +4.8% | +6.9% | +32% |
| 2018 | +3.5% | +2.1% | +28% |
| 2017 | +5.3% | −1.4% | +25% |
| 2016 | +3.4% | −6.3% | +22% |
| 2015 | +3.7% | −9.4% | +19% |
| 2014 | 0% | −13% | +15% |
| 2013 | −3.2% | −13% | +11% |
| 2012 | −6% | −9.8% | +11% |
| 2011 | −7.2% | −4% | +14% |
| 2010 | −10% | +3.4% | +21% |
| 2009 | −9.5% | +15% | +29% |
| 2008 | −4.2% | +27% | +40% |
| 2007 | +1.8% | +33% | +45% |
| 2006 | +6.6% | +30% | +43% |
| 2005 | +8.9% | +22% | +35% |
| 2004 | +4.4% | +12% | +24% |
| 2003 | +1.9% | +7.5% | +15% |
| 2002 | +2.5% | +5.5% | +11% |
| 2001 | +2.9% | +2.9% | +5.6% |
| 2000 | — | — | — |
How Belvidere ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 61008, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
37 new homes permitted in 2025
Builders were permitted 37 new homes in Belvidere in 2025: 23 single-family houses and 14 in buildings with two or more homes, worth about $4.6 million to build. That's 1.5 per 1,000 residents, about the pace of Illinois as a whole. Over the past 10 years, Belvidere has permitted 285 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Belvidere's population fell by 246 even though 88 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 19 | 19 | 0 | $3.9 million |
| 2025 | 37 | 23 | 14 | $4.6 million |
| 2024 | 32 | 24 | 8 | $4.2 million |
| 2023 | 8 | 8 | 0 | $2.1 million |
| 2022 | 103 | 103 | 0 | $16.5 million |
| 2021 | 61 | 61 | 0 | $9.4 million |
| 2020 | 6 | 6 | 0 | $707,000 |
| 2019 | 9 | 9 | 0 | $1 million |
| 2018 | 7 | 7 | 0 | $695,000 |
| 2017 | 14 | 14 | 0 | $1.4 million |
| 2016 | 8 | 8 | 0 | $1.3 million |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 5 | 5 | 0 | $790,000 |
| 2013 | 12 | 12 | 0 | $3.5 million |
| 2012 | 21 | 21 | 0 | $2.5 million |
| 2011 | 4 | 4 | 0 | $469,000 |
| 2010 | 8 | 8 | 0 | $1.1 million |
| 2009 | 12 | 12 | 0 | $3.1 million |
| 2008 | 14 | 14 | 0 | $3.5 million |
| 2007 | 138 | 106 | 32 | $26.1 million |
| 2006 | 202 | 196 | 6 | $37.6 million |
| 2005 | 261 | 200 | 61 | $34.1 million |
| 2004 | 244 | 202 | 42 | $30 million |
| 2003 | 202 | 171 | 31 | $26.8 million |
| 2002 | 164 | 160 | 4 | $20.3 million |
| 2001 | 248 | 232 | 16 | $28 million |
| 2000 | 156 | 152 | 4 | $18.7 million |
How Belvidere ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Belvidere and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Belvidere | +10.5%† | $1,180 | 37 | $64,528 |
| Cherry Valley | +4.3%† | $1,100 | — | $74,655 |
† FHFA price index change, where Zillow has no home value for the town.
2.5 years of income
The typical Belvidere home costs about 2.5 years of the town's median household income, less than across Illinois (3.6 years).
How Belvidere ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,180
HUD's Fair Market Rent for a two-bedroom in Belvidere is $1,180 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Belvidere pay a median of $991, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $810 · 4 bedrooms $1,600
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61008; Rockford, IL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Belvidere
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.