Cherry Valley, IL
Full City Profile · Illinois · Boone County County
3.4
/5.0
B
Good
3,268
Population
389/sq mi density
$74,766
Median Income
$37,813 per capita
$222,400
Home Value
$302,633 Zillow
$871
Median Rent
29.0% income on rent
49°F
Avg Temperature
386
Violent Crime/100K
4,697 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$74,766 median income, 5.1% unemployment
A+
Affordability
5.0 / 5.0
$222,400 home value, $871/mo rent
F
Safety
1.0 / 5.0
386 violent crimes/100K (1% above avg)
B
Education
3.5 / 5.0
30.7% bachelor's degree or higher
Housing Overview
Median Home Value
$222,400
21% below
US avg: $281,900
Median Rent
$871/mo
25% below
US avg: $1,163/mo
Homeownership Rate
81.6%
25% above US avg (65.4%)
Total Housing Units
1,299
Median year built: 1996
Home Value by Source
Census Median
$222,400
Zillow (ZHVI)
$302,633
Redfin Median Sale
$197,000
Median Sale Price
$197,000
Median List Price
$299,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
81.6%
Owner-Occupied
18.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$871/mo
Market Indicators (Redfin)
Median Sale Price
$197,000
Median Days on Market
60 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$142
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
29.0%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1996
Average age of housing stock: 30 years
Homeownership Rate
81.6%
Complete Housing Data
Home Values
| Census Median Value | $222,400 |
| Zillow Home Value (ZHVI) | $302,633 |
| Redfin Median Sale | $197,000 |
| Median Sale Price | $197,000 |
| Median List Price | $299,900 |
| Price Per Sq Ft | $142 |
Rent
| Census Median Rent | $871 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 60 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 3 |
| Active Inventory | 7 |
| Price Per Sq Ft | $142 |
Ownership & Stock
| Owner-Occupied | 81.6% |
| Renter-Occupied | 18.4% |
| Homeownership Rate | 81.6% |
| Total Housing Units | 1,299 |
| Median Year Built | 1996 |
| Rent Burden | 29.0% |