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Illinois cities round out bottom of list of top 300 U.S. housing markets

The Forest City ranks 294th on the country’s top 300 immovable markets, according to research by personal finance website WalletHub.

In compiling the list, WalletHub looked at 17 key metrics, including median home price appreciation, median days on market, housing affordability, and market foreclosure rate.

Rockford’s foreclosure rate was among the 20 highest in the nation, according to the study.

Seven other Illinois cities were ranked among the nation’s top 300 real estate markets, including Naperville (190), Aurora (262), Waukegan (263), Elgin (277), Joliet (279), Chicago (282) and Peoria (300).

Frisco, Texas was named the nation’s top real estate market, according to the study, while three other cities in the Lone Star State — Allen, McKinney and Austin — ranked second, third and fourth, respectively.

After:‘A Bigger, Stronger Organization’: 3 Rockford-area real estate groups become one

Rockford has more favorable ratings in other recent national publications.

Forbes magazine hailed the city in May as a “diverse community that capitalizes on its many strengths,” including its waterfront and public and private investments in the city center.

US News & World Report ranked Rockford 114th on the nation’s 150 best places to retire in 2022 and 127th on the 150 best places to live.

On a more dubious note, US News & World Report ranked Rockford as the 11th most dangerous place to live.

Ken DeCoster covers business news and features. Reach him at 815-987-1391, [email protected] or @DeCosterKen.