Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cherry Valley area can be challenging. Home prices in Cherry Valley are now at a median cost of $181,144, lower than the Illinois average of $242,002.
The average cost of rent is $1,145/mo in Cherry Valley, primarily driven by the current value of real estate in the Cherry Valley area. While nearly 38.10% of residents own their homes outright in Cherry Valley, 9.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Valley is $7,237 per month. Households that rent pay about 15.83% of their income on rent here. Cherry Valley's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Irene, IL: higher priced homes
- Rockford, IL: less expensive homes
- New Milford, IL: less expensive homes
- Belvidere, IL: less expensive homes
- Loves Park, IL: less expensive homes
- Morristown, IL: less expensive homes
- Caledonia, IL: higher priced homes
- Timberlane, IL: higher priced homes
- Monroe Center, IL: less expensive homes
- Machesney Park, IL: less expensive homes
Cities with Similar Populations
- Dellwood, MO: less expensive homes
- Dayton, VA: higher priced homes
- Daytona Beach Shores, FL: higher priced homes
- St. Matthews, SC: less expensive homes
- Kingston, OK: less expensive homes
- St. Leonard, MD: higher priced homes
- Decherd, TN: less expensive homes
- Deer Park, IL: higher priced homes
- St. Joseph, IL: equally priced homes
- St. Helena, CA: higher priced homes
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