2

Palmwood Homes for Sale

Section Image
  • 2915 Rural St, Rockford, IL 61107
    2915 Rural St, Rockford, IL 61107
    2915 Rural St, Rockford, IL 61107
    /32

    $199,900

    • 3 Beds
    • 2 Baths
    • 2,599 Sq Ft

    2915 Rural St, Rockford, IL 61107

    Nice sized ranch home located in convenient area close to parks, schools, churches, bus route, and shopping. Large living room with gas fireplace and plaster crown molding. Records found show new roof, siding and adding attic insulation all being done in 2019. New main floor bath, HWH, and new electric service 2109 . New furnace and A/C 2017. Nice sized 3 season room on back of house, with

    Kathy Jarvis DICKERSON & NIEMAN

    2915 Rural St, Rockford, IL 61107
  • 521 Vale Ave N, Rockford, IL 61107
    521 Vale Ave N, Rockford, IL 61107
    521 Vale Ave N, Rockford, IL 61107
    /21

    $205,000

    • 3 Beds
    • 1.5 Baths
    • 1,466 Sq Ft

    521 Vale Ave N, Rockford, IL 61107

    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

    Taylor Miller Re/Max of Rock Valley

    521 Vale Ave N, Rockford, IL 61107
Illinois Winnebago County Rockford Palmwood

Real Estate & Homes for Sale in Palmwood, Rockford

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.
Learn more about living in Palmwood

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 $420,000. If you put a 20% down payment of $84,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,170 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K 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, Twin Sister Hills, Calvin Park Hills and Miracle Mile.

Home Trends in Palmwood, IL

On average, homes in Palmwood, Rockford sell after 16 days on the market compared to the national average of 70 days. The median sale price for homes in Palmwood, Rockford over the last 12 months is $420,000, up 25% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$420,000
Median Single Family Sale Price
$281,000
Median Townhouse Sale Price
$530,000
Average Price Per Sq Ft
$215
Number of Homes for Sale
1
Last 12 months Home Sales
34
Months of Supply
0.40
Median List Price
$420,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
25%
How to Buy a Home How to Finance a Home How to Sell a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group