Owen, IL housing market
Home prices around Owen have risen about 80% over the past 5 years.
Home values, sales, trends and how Owen compares with the towns next door — updated as new data is published.
Home prices up 80% in 5 years
The federal house price index for the ZIP codes around Owen rose 80% over the past 5 years, faster than across Illinois (47%). Last year prices rose 11%. Carrying the Census median home value forward with that index puts the typical Owen home at roughly $411,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +11% | +93% | +96% |
| 2024 | +12% | +74% | +85% |
| 2023 | +11% | +56% | +73% |
| 2022 | +16% | +40% | +61% |
| 2021 | +13% | +21% | +44% |
| 2020 | +0.7% | +6.8% | +33% |
| 2019 | +7.6% | +6.1% | +32% |
| 2018 | +7.1% | −1.4% | +28% |
| 2017 | +1.2% | −7.9% | +25% |
| 2016 | +4.5% | −9% | +22% |
| 2015 | −1% | −13% | +19% |
| 2014 | −2.6% | −12% | +15% |
| 2013 | −6.5% | −9.7% | +11% |
| 2012 | −6.9% | −3.3% | +11% |
| 2011 | −6.2% | +3.8% | +14% |
| 2010 | −6.3% | +11% | +21% |
| 2009 | −5.9% | +18% | +29% |
| 2008 | +0.4% | +26% | +40% |
| 2007 | +2.7% | +25% | +45% |
| 2006 | +4.9% | +22% | +43% |
| 2005 | +5.4% | +16% | +35% |
| 2004 | +4.9% | +10% | +24% |
| 2003 | +2.3% | +4.9% | +15% |
| 2002 | +1.5% | +2.6% | +11% |
| 2001 | +1.1% | +1.1% | +5.6% |
| 2000 | — | — | — |
How Owen ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 61101, 61103, 61072, 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.
Owen and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Owen | — | +10.7%† | $1,160 | — | $95,370 |
| Harlem | — | +7.2%† | $1,450 | — | $77,883 |
| Machesney Park | $211K | +10.2% | $1,390 | 25 | $75,489 |
| Rockford | $187K | +9.8% | $1,160 | — | $55,922 |
| Rockford | — | +10.6%† | $1,170 | 124 | $54,752 |
| Roscoe | $317K | +8.3% | $1,380 | — | $108,711 |
| Rockton | $301K | +8.4% | $1,160 | — | $77,092 |
† FHFA price index change, where Zillow has no home value for the town.
2.2 years of income
The typical Owen home costs about 2.2 years of the town's median household income, less than across Illinois (3.6 years).
How Owen 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 $1,160
HUD's Fair Market Rent for a two-bedroom in Owen is $1,160 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Owen pay a median of $1,692. A two-bedroom takes about 15% of the town's median household income.
Studio $800 · 4 bedrooms $1,570
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61072, 61101, 61103; 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community 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.