Illinois · Census place 13074
Cherry Valley village, IL
Quick answer
Cherry Valley village has 3,268 residents, ranking #412 of 1462 places in Illinois. Median household income is $74,766, the median home is worth $222,400 and median gross rent runs $871 a month.
- Population
- 3,268Cherry Valley village residents
- Median household income
- $74,766Past 12 months, inflation adjusted
- Median home value
- $222,400Owner-occupied units
- Median gross rent
- $871Rent plus utilities, monthly
- Median age
- 45.2 yrsAll residents
- Homeownership rate
- 81.6%Owner-occupied households
What the numbers mean in Cherry Valley village
Housing cost measured against local earnings.
A household earning the Cherry Valley village median would spend about 14% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.1% of residents and 81.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Germantown Hills village 3,425
- Abingdon city 3,424
- Johnston City city 3,351
- South Jacksonville village 3,255
- Long Lake CDP 3,219
- Pistakee Highlands CDP 3,214
- Le Roy city 3,177
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