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Palmwood Homes for Sale

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  • /23

    $225,000

    • 3 Beds
    • 1.5 Baths
    • 1,366 Sq Ft

    115 Oak Knolls Ave E, Rockford, IL 61107

    Lovely all-brick, updated Cape Cod home with lots of it's original charm & features! The moment you pull in the driveway this home exudes curb appeal with its beautifully landscaped yard. As you enter the front door, you're greeted by an expansive living room to your right, complete with a wood burning fireplace and gorgeous hardwood floors that flow throughout most of the home. To your left,

    Cesar Juarez Redfin Corporation

    115 Oak Knolls Ave E, Rockford, IL 61107
  • /11

    $160,000

    • 3 Beds
    • 1 Bath
    • 2,022 Sq Ft

    3303 Greenwood Ave, Rockford, IL 61107

    Look No Further! All brick 3 bedroom ranch on a corner lot. This well built home in a desirable neighborhood offers 3 generously sized bedrooms, hardwood floors, and a bright living room with large windows. The spacious bath features a jetted tub and separate shower. The kitchen includes stainless steel appliances and plenty of cabinet space, and opens to the dining area. A full basement adds

    Jay Dowthard Gambino Realtors

    3303 Greenwood Ave, Rockford, IL 61107
  • /58

    $330,000

    • 3 Beds
    • 2.5 Baths
    • 2,710 Sq Ft

    705 Woodlane Ave, Rockford, IL 61107

    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,

    Melissa Lilja Keller Williams Realty Signature

    705 Woodlane Ave, Rockford, IL 61107
  • /51

    $279,900

    • 3 Beds
    • 3 Baths
    • 2,047 Sq Ft

    909 Woodlane Ave, Rockford, IL 61107

    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

    Virginia Meyer Gambino Realtors

    909 Woodlane Ave, Rockford, IL 61107

Why Live in Palmwood

Palmwood, a neighborhood in Rockford, Illinois, is gaining attention from those looking to move away from Chicago due to rising property taxes. Located three miles east of downtown Rockford, Palmwood offers easy access to the Rock River and local attractions. The neighborhood features predominantly ranch-style and Cape Cod houses from the 1950s and 60s, with some homes dating back to the 1920s. These homes typically sit on quarter-acre lots. Palmwood is considered safer than the national average, with a low crime risk. Highland Park, within the neighborhood, includes tennis courts, a baseball diamond, and a playground, and hosts the Time2Play program for kids during the summer. Nearby attractions include the Anderson Japanese Gardens, which hosts a summer concert series, and the Nicholas Conservatory and Gardens, known for its food truck rallies. Dining options like Johnny Pamcakes and Laymon’s BBQ, along with Rivera’s Fresh Market, are within a mile. For groceries, residents can visit Schnucks in the Rockford Plaza Shopping Center. The neighborhood is served by Rockford Christian School, a highly rated private school. Palmwood is car-dependent, with some public transportation available on State Street. The Chicago/Rockford International Airport is an 8-mile drive, while O’Hare International Airport is 70 miles away, accessible via Interstate 90.

Frequently Asked Questions

Is Palmwood a good place to live?
Palmwood is a good place to live. Palmwood is considered car-dependent and somewhat bikeable. Palmwood is a suburban neighborhood. Palmwood has 12 parks for recreational activities. It is somewhat dense in population with 6.4 people per acre and a median age of 40. The average household income is $81,976 which is below the national average. College graduates make up 34.5% of residents. A majority of residents in Palmwood are home owners, with 19.6% of residents renting and 80.4% of residents owning their home. A local real estate agent serving Palmwood can help you decide if this neighborhood is the right one for you. Learn more on our Palmwood neighborhood guide.
How much do you need to make to afford a house in Palmwood?
The median home price in Palmwood is $225,000. If you put a 20% down payment of $45,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,120 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $48K a year to afford the median home price in Palmwood. The average household income in Palmwood is $82K.
What are the best public schools in Palmwood?
The best public schools that serve Palmwood are:
What are the best private schools in Palmwood?
The best private schools that serve Palmwood are:
What are the most popular zip codes in Palmwood, Rockford, IL?
The most popular zip codes in Palmwood, Rockford, IL include 61107, 61108, 61104, 61103 and 61114.
What are the most popular neighborhoods near Palmwood, Rockford, IL?
The most popular neighborhoods near Palmwood, Rockford, IL are Alpine Ridge, North Highland, Sinnissippi Park, Belle Meade and Highland Area.

Home Trends in Palmwood, IL

Housing Trends

Median Sale Price
$213,500
Median Single Family Sale Price
$225,000
Average Price Per Sq Ft
$123
Number of Homes for Sale
4
Last 12 months Home Sales
11
Months of Supply
4.40
Median List Price
$225,000
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
19%
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