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Area data

Cherry Valley, IL — ZIP 61016

Population: 5,465 (Census ACS)

The typical home value in ZIP 61016 (Cherry Valley, IL) is $294,432 — up 8.8% over the past year. Homes sell for a median $307,000 after a median 27 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with cold wave, hail, ice storm the top-rated hazards. Cost of living is at the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$294,432

Typical home value

+8.8%

1-year change

27

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Typical home value
$294,432
1-year appreciation
+8.8%
3-year appreciation
+24.2%
5-year appreciation
+47.1%
10-year appreciation
+103.6%
Peak value since 2000 (Aug 2026)
$294,432
House Price Index (state)
340.3 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$307,000
Median list price
$300,000
Median price per sqft
$175
1-year sale-price change
+17.0%
Median days on market
27 days
Homes sold (recent period)
13
For-sale inventory
14
Sale-to-list ratio
102.8%
Active listings
6
1-year forecast
+2.7%
New listings (monthly)
9

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$816/mo
1BR fair-market rent
$896/mo
2BR fair-market rent
$1,172/mo
3BR fair-market rent
$1,542/mo
4BR fair-market rent
$1,578/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Above Average)
100.0 (100 = US avg)
Electricity rate (state-level)
17.7¢/kWh
Natural gas rate (state-level)
$11.30/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
cold wave, hail, ice storm, inland flooding, lightning
Notable hazard ratings (county)
hail: Relatively High · tornado: Relatively High · cold wave: Relatively High · ice storm: Relatively High · lightning: Relatively High · strong wind: Relatively High
Most common flood zone among NFIP claims
Zone X
NFIP flood claims on record
14
Wildfire risk to homes (county)
Higher than 11% of US counties
Buildings in wildfire direct-exposure zone
16.4%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Acme Solvents Reclaiming, Inc. (Morristown Plant) (5.7 mi)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
48.0°F
Average high
58.0°F
Average low
38.0°F
Annual precipitation
36.6 in
Annual snowfall
40.8 in
USDA plant hardiness zone
5b (extreme annual low -15 to -10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
40
Days with Good air quality
244
Days with Moderate air quality
105
Days with Unhealthy air quality
1
Highest AQI recorded (year)
169

Source: EPA annual air quality index (county-level)

Walkability & transit

Walkability index
5.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
40,208
Jobs reachable by transit (45 min)
40,346

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
79
Nearest airport
Rotstein Airport (5 mi)
Nearest major airport
Chicago Rockford International Airport (RFD) (8 mi)
Hospitals in or near this ZIP
22
Hospitals include
OSF SAINT KATHARINE MEDICAL CENTER, ADVOCATE SHERMAN HOSPITAL, SAINT JOSEPH HOSPITAL-ELGIN
Avg hospital rating (CMS)
3.6 / 5
Best hospital rating nearby (CMS)
5.0 / 5
EV charging stations (within 10 mi)
30
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-610 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1990
Housing built before 1970
24.5%
Housing built 2000 or later
30.5%
Median annual property tax
$5,577
Mean commute to work
22 min
Households with broadband internet
77.0%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
112,356
Average weekly wage
$1,177
Top industries (by employment)
Health Care, Accommodation & Food, Administrative Services
Annual residential building permits (county)
309

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 61016State medianUS median
Typical home value$294,432$194,869$288,527
Median sale price$307,000$212,000$325,000
Median days on market27 days48 days51 days
Median annual property tax$5,577$2,696$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in ZIP 61016?
$294,432.
What is the median sale price in ZIP 61016?
$307,000.
How long do homes take to sell in ZIP 61016?
Median days on market: 27 days.
What is typical rent in ZIP 61016?
2-bedroom fair-market rent: $1,172/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 61016?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: cold wave, hail, ice storm, inland flooding, lightning.
Is ZIP 61016 in a flood zone?
Flood zones vary by property within ZIP 61016. 14 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is X. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in ZIP 61016?
Risk to homes is higher than 11% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 61016?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 61016?
No current or proposed National Priorities List sites within 5 miles (EPA).
Is ZIP 61016 walkable?
Walkability index: 5.2/20 (EPA Smart Location Database).
What is the air quality in ZIP 61016?
Good. Median AQI: 40. (EPA AQI).
What is the cost of living in ZIP 61016?
Regional Price Parity: 100.0 (100 = US average) (Above Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

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