$198,300Average Value$116Average Price per Sq Ft3Homes For Sale
Hot Rockford market
While Rockford is 90 miles northwest of downtown Chicago, people are starting to pay more attention to the Rockford housing market. “I’ve been flooded with calls with people wanting to move from Chicago because of the increasing property taxes, and they’re looking at Rockford,” says Mike Lunde, a real estate investment professional at Gambino Realtors with 22 years of experience. “A neighborhood like Palmwood is getting attention.” Some areas of Cook County in Chicago saw higher property tax increases for things like libraries and park districts. The neighborhood is three miles east of downtown Rockford, allowing access to the Rock River and other attractions with the bonus of Highland Park, located within the neighborhood.
Mid-20th century Palmwood houses
Ranch-style and Cape Cod houses built in the 1950s and 60s comprise most of the housing stock in Palmwood, with some dating to the 1920s. They sell for between $150,000 and $300,000. “There are pockets where houses are on a quarter acre,” Lunde says. The property tax rate for the zip code that includes Palmwood is around 3% of the property’s assessed value.
The neighborhood is a low-crime area, with a 3 overall score on the CAP crime index scale, below the national average of 4.
Highland Park is part of a summer program encouraging playground activity
In addition to its park, Palmwood is also close to attractions along the Rock River. Highland Park has two tennis courts, a baseball diamond and a playground that is part of the Time2Play neighborhood playground program put on by the Rockford Park District. Throughout the summer, on weekdays from 9 a.m. to 1 p.m., the program invites kids to visit the park, meet new friends and be active. Anderson Japanese Gardens is a 12-acre facility with several waterfalls, ponds, and a Japanese-style tea and guest house. It’s also the site of Tuesday Evening in the Gardens, a summertime concert series starting the day after Memorial Day and lasting weekly through the end of August. Also, on Tuesday nights from May through October, a food truck rally occurs by the Rock River at the Nicholas Conservatory and Gardens, a tropical-based botanical garden with over 11,000 square feet of plants and trees.
Popular “pamcake” restaurant on State Street
Shopping and dining options are available within a mile of the neighborhood. On East State Street, Johnny Pamcakes, a name derived from combining the names of owners John and Pam Lack, has been serving breakfast all day and other diner food since 2008. A block west at the corner of East State Street and Fairview Boulevard, Laymon’s BBQ's food truck smokes meat and barbeques sausages. Rivera’s Fresh Market is directly across the street, a grocery store specializing in Mexican ingredients and spices. The supermarket has a hot bar and a taqueria inside. Groceries are also available at Schnucks in the Rockford Plaza Shopping Center, which is a mile to the south.
Rockford School District 205
Neighborhood students are zoned for Maud E. Johnson Elementary School, which gets a C on Niche. Abraham Lincoln Middle School will celebrate its centennial in 2027 and is rated a C-minus. It has a 16-to-1 student-teacher ratio. Rockford East High School students can focus on a career in engineering by participating in the Production Academy, which emphasizes designing, prototyping and building. Rockford Christian School is a private option serving students from preschool through 12th grade. The Lower-School campus serves students from preschool through fourth grade, while the Upper-Level campus houses the rest. The school gets an A-minus.
State Street has public bus stops
Palmwood is a car-dependent neighborhood. While some of the streets have sidewalks, those who depend on public transportation can catch a Rockford Mass Transit District bus on State Street, where an eastbound route will lead to the UW Health Swedish American Hospital 2 miles and a mile farther east is downtown. It’s about a 20-minute drive to Chicago/Rockford International Airport, 8 miles away. O’Hare International Airport and the northwest suburbs of Chicago are 70 miles east and accessible via Interstate 90.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Kathleen Oehlberg,
an experienced agent in this neighborhood.
Parks in this Area
Twin Sister Hills Park
Sinnissippi Park
Ingersoll Centennial Park
Anderson Japanese Gardens
Picnic Area
Trails
Dahlquist Park
Highland Playground
Nicholas Conservatory & Gardens
Beattie Park Playground
Kevin Erwin Memorial Playground
Transit
Airport
Chicago/Rockford International
21 min drive
Palmwood Demographics and Home Trends
On average, homes in Palmwood, Rockford sell after 9 days on the market compared to the national average of 52 days. The median sale price for homes in Palmwood, Rockford over the last 12 months is $196,500, up 7% from the median home sale price over the previous 12 months.
Check out this well-maintained all-brick ranch on a spacious double lot with numerous updates throughout. This 3-bedroom, 1.5-bath home features beautiful hardwood flooring, two cozy wood-burning fireplaces, and both formal living and dining spaces. The kitchen offers an eat-in area and a new range, flowing easily into the main living areas for everyday convenience. Step out to the screened porch
Oops my mistake price is $330,000.00 Come home to this amazing oasis in the center of Rockford. Walk into a nice sized dining room with hand painted walls. The den has a wonderful reading nook, with lots of storage and hard wood floors ready for the gaming or relaxation you need. Oh the Kitchen! Start with a large chef’s kitchen with so many cabinets any cook would be happy. Corian countertops,
This magnificent home has been completely and beautifully redone. Located on corner lot right across the street from park. Granite countertops in Kitchen and Baths. Entertain with ease with open plan kitchen with tons of cabinets. Real Laundry room on main floor, Den can be used as a family room, Office or anything your heart is set on. All this on the main level. The huge lower level is ready
Stunning, 2,047 sq. ft. beautiful, brick ranch nestled in a desirable neighborhood. Offering 3 bedrooms, 3 baths with first level laundry. Featuring bay windows overlooking a spacious dining room and breakfast nook. Entertain in the oversized living room or retreat to the family room and adjoining 3-season porch. Private backyard oasis with large patio and nicely landscaped grounds. Fabulous
Interested in learning more about homes in this area?
Reach out to
Kathleen Oehlberg,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,319
Median Age
40
Population Density
7 ppl/acre
Population under 18
25.7%
On par with the national average
23.8%
Population over 65
21.8%
On par with the national average
19.1%
Finances
Median Household Income
$68,301
On par with the national average
$71,702
Average Household Income
$81,976
Education and Workforce
High School Graduates
90.5%
College Graduates
34.5%
Advanced Degrees
11.7%
On par with the national average
13.3%
% Population in Labor Force
69.9%
On par with the national average
65.1%
Weather
Annual Precipitation
37''
Average Winter Low Temperature
15°F
Average Summer High Temperature
84°F
Annual Snowfall
34''
Area Factors
Somewhat Bikeable
Bike Score®
33/ 100
Car-Dependent
Walk Score®
48/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
