Cherry Valley, IL is a great place to invest in housing. The median value of housing in the area is $220,500, which is significantly lower than the US median house value of $338,100. Despite the lower median value, it still offers good appreciation potential with a one year appreciation rate of 7.66%, just slightly below the national average of 8.27%. This makes investing in housing in Cherry Valley a great way to increase your return on investment.
The median home cost in Cherry Valley is $220,500. Home appreciation the last 10 years has been 52.2%. Home Appreciation in Cherry Valley is up 13.5%.
Average Age of Homes
- The median age of Cherry Valley real estate is 25 years old
The Rental Market in Cherry Valley
- Renters make up 28.2% of the Cherry Valley population
- 1.4% of houses and apartments in Cherry Valley, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.