Machesney Park, IL housing market
The typical Machesney Park home is worth about $211,000, up 10.2% in a year, 29% below the Illinois typical home. Homes typically sell in 7 days, a little above asking.
Home values, sales, trends and how Machesney Park compares with the towns next door — updated as new data is published.
Machesney Park 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.
Typical home value, 2016–2026
Show as a table
| January | Machesney Park | Illinois |
|---|---|---|
| 2017 | $100,000 | $181,000 |
| 2018 | $107,000 | $190,000 |
| 2019 | $112,000 | $195,000 |
| 2020 | $120,000 | $200,000 |
| 2021 | $129,000 | $215,000 |
| 2022 | $142,000 | $236,000 |
| 2023 | $152,000 | $248,000 |
| 2024 | $169,000 | $263,000 |
| 2025 | $185,000 | $278,000 |
| 2026 | $203,000 | $290,000 |
| August 2026 | $211,000 | $298,000 |
25 new homes permitted in 2025
Builders were permitted 25 new homes in Machesney Park in 2025, all single-family houses, worth about $2.5 million to build. That's 1.1 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Machesney Park has permitted 201 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 11 | 11 | 0 | $1.7 million |
| 2025 | 25 | 25 | 0 | $2.5 million |
| 2024 | 2 | 2 | 0 | $259,000 |
| 2023 | 5 | 5 | 0 | $507,000 |
| 2022 | 5 | 1 | 4 | $644,000 |
| 2021 | 34 | 34 | 0 | $3.7 million |
| 2020 | 3 | 3 | 0 | $330,000 |
| 2019 | 62 | 62 | 0 | $6.6 million |
| 2018 | 51 | 47 | 4 | $5.1 million |
| 2017 | 12 | 12 | 0 | $1.5 million |
| 2016 | 2 | 2 | 0 | $284,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 13 | 13 | 0 | $2 million |
| 2013 | 7 | 7 | 0 | $635,000 |
| 2012 | 14 | 14 | 0 | $1.2 million |
| 2011 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 142 | 127 | 15 | $12.5 million |
| 2005 | 184 | 158 | 26 | $14.1 million |
| 2004 | 246 | 230 | 16 | $18.9 million |
| 2003 | 170 | 122 | 48 | $13.1 million |
| 2002 | 113 | 69 | 44 | $7.4 million |
| 2001 | 73 | 65 | 8 | $4.9 million |
| 2000 | 84 | 80 | 4 | $6.1 million |
How Machesney Park 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.
Machesney Park and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Machesney Park | $211K | +10.2% | $1,390 | 25 | $75,489 |
| Loves Park | $204K | +7.4% | $1,310 | 41 | $61,868 |
| Harlem | — | +7.2%† | $1,450 | — | $77,883 |
| Owen | — | +10.7%† | $1,160 | — | $95,370 |
| Roscoe | $317K | +8.3% | $1,380 | — | $108,711 |
| Rockford | — | +10.6%† | $1,170 | 124 | $54,752 |
| Roscoe | — | +7.8%† | $1,530 | — | $93,036 |
† FHFA price index change, where Zillow has no home value for the town.
2.8 years of income
The typical Machesney Park home costs about 2.8 years of the town's median household income, less than across Illinois (3.6 years).
How Machesney Park 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 $1,390
HUD's Fair Market Rent for a two-bedroom in Machesney Park is $1,390 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Machesney Park pay a median of $1,102, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $960 · 4 bedrooms $1,890
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61011, 61073, 61103, 61115; 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 Machesney Park
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.