Home prices
The median home in Cherry Valley is valued at $170,100. This is approximately $60,120 (54%) higher in comparison to its surrounding areas.It is about $47,400 (21%) lower compared to the entire country, and is approximately $87,900 (34%) lower compared to the city of Chicago.
Rents
The median monthly rent in Cherry Valley is $739. Compared to nearby areas this is roughly $61 (7%) lower.It is approximately $323 (30%) lower compared to the rest of the nation, and compared to the city of Chicago it is roughly $373 (33%) lower.
Nearby places
Rockford
Rockford is Cherry Valley's neighbor to the northwest. Its real estate prices are substantially less expensive. The median home in Rockford costs $91,600, which is $78,500 (85%) lower than Cherry Valley. The rent there is pretty similar. The median monthly rent in Rockford is $772, which is $33 (4%) higher than Cherry Valley.
Belvidere
Belvidere is Cherry Valley's neighbor to the northeast. Its housing prices are substantially less expensive. The cost of the median home in Belvidere is $110,300, which works out to $59,800 (54%) lower than Cherry Valley. The rent there is fairly similar. In Belvidere the median rent is $776 a month, which comes out to $37 (4%) higher than Cherry Valley.
New Milford
New Milford is about 5 miles southwest from Cherry Valley. The housing prices there are significantly less expensive. New Milford's median home price is $116,700, which works out to $53,400 (45%) lower than Cherry Valley. The rent there is a little less expensive. The median rent in New Milford is $689 per month, which is $50 (7%) lower than Cherry Valley.
Loves Park
Loves Park is roughly 7 miles north of Cherry Valley. The housing prices there are a lot less expensive. The value of the median home in Loves Park is $111,900, which is $58,200 (52%) lower than Cherry Valley. Rent there is a bit more expensive. The median rent in Loves Park is $848 per month, which is $109 (12%) higher than Cherry Valley.
Monroe Center
Monroe Center is roughly 8 miles south of Cherry Valley. Housing prices there are a lot less expensive. The value of the median home in Monroe Center is $119,400, which is $50,700 (42%) lower than Cherry Valley. The rent there is a bit more expensive. Monroe Center's median rent is $917 a month, which works out to $178 (19%) higher than Cherry Valley.
