Welcome to our 61016 real estate data hub, tailored for investors in Cherry Valley, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 61016 in Cherry Valley, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WINNEBAGO COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Cherry Valley, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Cherry Valley property market.
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Location Overview
- Zip Code: 61016
- City: Cherry Valley
- State: IL
- Metro Area: Rockford, IL
- County Name: WINNEBAGO COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $227,934
- Average Home Price (Single Family Homes): $231,833
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 0.9%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $860
- Average 3 Bedroom Section 8 Rental Rates: $1,160
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.09
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.37
- Number of Units Offered in Section 8 in the County: 2893
- Number of Occupied Units in Section 8 in the County: 2777
- Percentage of Section 8 Units Occupied in the County: 96%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 94.75
- Total % Appreciation since 2000 (Government Data): 50.67
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.15%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.93%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.25%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 40.41%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 69.68%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.43%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 71.55%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%