There are currently 1,778 real estate properties in Cherry Valley, IL, with a median automated valuation model (AVM) price of $197,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cherry Valley, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cherry Valley, IL, is $204,088.00, with the most expensive house in Cherry Valley, IL, topping out at $2,388,900.00 and the cheapest home in Cherry Valley, IL, clocking in at $15,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Cherry Valley, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cherry Valley, IL, is on a rollercoaster ride. The average rent price in Cherry Valley, IL, is $1,399.00. Indeed, when looking to rent in Cherry Valley, IL, you can expect to pay as little as $720.00 or as much as $2,320.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Cherry Valley, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cherry Valley, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cherry Valley, IL and much more. Save thousands at closing with home foreclosure listings in Cherry Valley, IL — up to 75% off market value!
Cherry Valley is located in Winnebago, Illinois, with an estimated municipal population of 2,877 residents. All of the best foreclosed homes for sale in Cherry Valley are located in the following zip code areas on Foreclosure.com: 61112 61016 61109. The estimated population per square kilometer (.62 miles) in Cherry Valley is 132.
So, about how much do homes cost in Cherry Valley? The most recent median value of resident-owned homes in Cherry Valley is 169,949. An estimated 70.5 percent of households in Cherry Valley own their homes, with an average family size of 2.73. The median household income in Cherry Valley is 63,603, with26.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cherry Valley, the median commute time of resident workers (in minutes) is 20.3. And last, but certainly not least, are you looking for homes to rent in Cherry Valley? If so, the average rent price paid by renters in Cherry Valley is 739, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cherry Valley, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cherry Valley is 53.6, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in Cherry Valley is 54.2, with an average family size of 2.73.
The percentage of residents who report their race in Cherry Valley is as follows:
|Black / African American||1.1%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Cherry Valley? Or maybe you are searching for 55+ active adult communities in and/or near Cherry Valley?
The percentage of residents who report their age in Cherry Valley is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cherry Valley with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cherry Valley.
How do you know that living in -- or moving to -- Cherry Valley is right where you need to be? Perhaps you grew up in Cherry Valley or already live nearby; therefore, the decision to buy a home in Cherry Valley is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cherry Valley for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cherry Valley:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cherry Valley.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cherry Valley can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cherry Valley, meanwhile, can field multiple offers from more qualified buyers.