Safe Rate Local
Learn about the people, housing, costs and businesses in Cherry Valley, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Cherry Valley.
True all-in cost — P&I, taxes, insurance & utilities for homes in Cherry Valley.
Find and compare lenders active near Cherry Valley.
FEMA flood zones and flood insurance estimates for Cherry Valley.
Seismic risk and earthquake insurance estimates for Cherry Valley.
Wildfire exposure and insurance estimates for Cherry Valley.
As of today, the 30-year fixed mortgage rate for Cherry Valley is approximately 6.971% (6.982% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for Cherry ValleyThe median home value in Cherry Valley is $213k. The median monthly rent is $1,030. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Cherry Valley have increased 16.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $1,260/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherry Valley is $86k/year.
Calculate your buying powerThe largest employment sectors in Cherry Valley are retail (22%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.