Cherry Valley, IL Profile: Facts & Data

The Village of Cherry Valley had a population of 2,887 as of July 1, 2024. Cherry Valley ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Cherry Valley is located at latitude 42.2347 and longitude -88.949 in Winnebago County. The formal boundaries for the Village of Cherry Valley encompass a land area of 8.37 sq. miles and a water area of 0.26 sq. miles. Winnebago County is in the Central time zone (GMT -6).

The Village of Cherry Valley has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Cherry Valley, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,887 (100%)
Population in Households	2,781 (96.3%)
Population in Families	2,227 (77.1%)
Population in Group Quarters¹	106 ( 3.7%)
Population Density	344
Diversity Index²	47


INCOME
Median Household Income	$82,314
Average Household Income	$104,946
% of Income for Mortgage⁴	16%
Per Capita Income	$46,183
Wealth Index⁵	103
Socioeconomic Status Index⁶	Moderate (60.3)

HOUSING
Total HU (Housing Units)	1,345 (100%)
Owner Occupied HU	1,076 (80.0%)
Renter Occupied HU	193 (14.3%)
Vacant Housing Units	76 ( 5.7%)
Median Home Value	$207,244
Average Home Value	$221,561
Housing Affordability Index³	128

HOUSEHOLDS
Total Households	1,269
Average Household Size	2.19
Family Households	861
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Cherry Valley, IL - Peer Comparisons by Rank and Percentile

The table below compares Cherry Valley to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.15%	0.14%
Households	0.00%	0.59%
Families		0.07%
Median Household Income		2.34%
Per Capita Income		3.14%
Owner Occupied HU		0.86%

Variable Description	Rank	Percentile
Total Population	# 428	71st
Population Density	# 1196	18th
Median Household Income	# 493	66th
Housing Affordability Index	# 653	45th
Per Capita Income	# 366	75th
Diversity Index	# 315	79th

Cherry Valley, IL Profile: Facts & Data

Cherry Valley, Illinois - Basic Facts

Cherry Valley, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cherry Valley, IL - Peer Comparisons by Rank and Percentile

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