Cherry Valley, Illinois.
Typical home $303,266 (+8.5% in a year). Rockford, IL metro.
to buy the typical home at today's mortgage rate — +$957 (+151%) since Jan 2020.
- 1 year
- Up $23,871 +9%
- $279,395$303,266 since Sep 2025
- 5 years
- Up $95,185 +46%
- $208,081$303,266 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Cherry Valley$1,592
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Cherry Valley, IL rose 8.5% over the past year — faster than the nation's +1.2%.
Living in Cherry Valley, Winnebago County, Illinois
Cherry Valley is a village of 2,905 people in Winnebago County. Half its households earn more than $74,655 a year and half less, against $65,837 across Winnebago County; 8% of its people live below the poverty line. 81% of its homes are lived in by their owners and 19% are rented. Unemployment in Winnebago County was 4.6% in August 2026, and the county had 0.6% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Cherry Valley is a small village in Winnebago County, with household incomes above the county's and a typical home that most people who live there own rather than rent. Winters are cold, with plenty of snow, and summers are warm; rain and melted snow add up to a fair amount over the year. A four-year degree is held by a minority of adults, and the village is a place where many people drive some distance to work.
Work. Residents work mainly in schools, hospitals and social care, with manufacturing, banks, insurance and property, and shops also employing many. In the village itself, the biggest workplaces include Ingersoll Cutting Tool Company, which makes metal cutting machine tools, along with Menards and Amazon. Across the county, jobs have slipped slightly over the past year and unemployment is somewhat lower than it was a year earlier.
Things to do. South Branch Kishwaukee River runs in or beside town, and Six Flags Hurricane Harbor Rockford, an amusement park, is also right by the village. A short drive away are Anderson Japanese Gardens, a botanical garden, and Rock Cut State Park, a protected area good for time outdoors.
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- 1,478households
- 30%of adults have a degree
- 8%below the poverty line
- 24 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Winnebago County had 125,716 jobs in 2025, 0.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 29° and lows near 14°; warmest in July, with highs near 84° and lows near 64°. About 37 inches of snow and 37 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Rockford Greater Rockford Airport weather station, 7 miles away (NOAA).
Largest workplaces in Cherry Valley
- Ingersoll Cutting Tool CompanyMetal cutting machine tools manufacturing417
- Menards"home centers"194
- AmazonCouriers and express delivery services188
- KLS USA IL Rockford 5778 Baxter RdGeneral warehousing and storage115
- Anam CareAssisted-living facilities without on-site nursing care facilities83
- Anam Care IIAssisted-living facilities without on-site nursing care facilities83
- XPOFreight transportation83
- Trustwell Living at Cherryvale PlaceHomes for the elderly with nursing care71
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 14 workplaces with 20 or more staff, 1,479 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- HailRelatively moderate
- Strong windRelatively moderate
- Inland floodingRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Cherry Valley’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Winnebago County and the Rockford, IL metro.
Cherry Valley home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Cherry Valley$303,266
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Cherry Valley12
New listings per month
Sellers arriving at the market.
- Cherry Valley7
Zip codes with a Cherry Valley address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Cherry Valley — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.