The story of this market
The typical home in ZIP 61024 sells for about $232,000, or $156 per square foot.
Prices are up +7.9% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,060 a month.
ZIP 61024 — Durand
The Durand housing market is characterized by low inventory and stable, modest price growth. The market is driven by local demand for single-family homes, with limited new construction activity. Figures for specific metrics like active listings and sales counts are based on current portal data, while demographic data is sourced from the most recent ACS estimates.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle who are comfortable with a commute to larger employment hubs like Rockford.
Median prices moved up 7.9% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 6.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61024, Winnebago County IL
Durand generally experiences low crime rates consistent with a small rural village, significantly lower than the regional urban centers like Rockford.
The area is served by the Durand Community Unit School District 322, which is characterized by small class sizes and a community-focused educational environment.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and winter weather; flood risk is generally low but varies by specific parcel proximity to local waterways.
Economic momentum is modest, driven primarily by local small businesses and proximity to the broader Rockford employment market; there is limited large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Commuters primarily drive to the Rockford metropolitan area, typically a 25-30 minute trip via state highways; public transit options are not available.
Local amenities include village parks and proximity to rural outdoor spaces; shopping and dining options are limited, requiring travel to larger nearby towns.
The rental market is limited in depth, with low vacancy pressure and a primary focus on single-family home rentals; short-term rental presence is negligible.
The local economy is largely agricultural and service-based, with most residents commuting to the Rockford area for major employment in manufacturing and healthcare.
Transportation is entirely auto-dependent, relying on state routes for access to the regional highway network.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP.
Winnebago County utilizes a standard assessment regime based on fair market value, with periodic reassessments to ensure tax equity.
Parcels are subject to Durand CUSD 322 school taxes and standard municipal levies.
Property insurance premiums are stable, reflecting the low-hazard, rural nature of the area.
Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Central community green space for local events and recreation.
Provides local opportunities for fishing and nature observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.