Cherry Valley, IL
Population 3,268 · Illinois
About Cherry Valley, IL
Cherry Valley is a small community in Illinois with a population of 3,268 residents. The median household income is $74,766 per year, which is above the national average. The median age in Cherry Valley is 45.2 years.
Housing in Cherry Valley has a median home value of $222,400 and median monthly rent of $871. Of the 1,339 total housing units, the majority are owner-occupied, with 1,055 owner-occupied and 238 renter-occupied units.
The unemployment rate in Cherry Valley is 5.1% and the poverty rate is 7.1%. 30.7% of residents hold a bachelor's degree or higher. The average commute time is 26.4 minutes.
Cost of Living in Cherry Valley, IL
Compared to national averages, Cherry Valley has a median household income of $74,766 (1% below the national median of $75,149). Home values average $222,400, which is 9% below the national median. Monthly rent at $871 is 25% below the US average of $1,163. Within Illinois, Cherry Valley's income is 0% below the state average of $75,072, and home values are 34% above the state median of $165,779.
Why Live in Cherry Valley, IL?
Cherry Valley offers affordable housing with a median home value of $222,400, below the US average of $244,900, and rent that’s lower than the national average at $871/month, and a low poverty rate of 7.1%, better than the national average.
Potential considerations include median household income ($74,766) that falls below the national average. However, Cherry Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cherry Valley has a population of 3,268 with a median age of 45.2 years. Compare Cherry Valley with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Cherry Valley
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Jacksonville | 3,255 | $53,438 | $137,100 | Compare |
| Long Lake | 3,219 | $100,824 | $185,400 | Compare |
| Pistakee Highlands | 3,214 | $92,304 | $198,700 | Compare |
| Johnston City | 3,351 | $46,629 | $84,500 | Compare |
| Le Roy | 3,177 | $87,500 | $165,600 | Compare |
| Havana | 3,176 | $55,428 | $95,200 | Compare |
| Sleepy Hollow | 3,165 | $147,407 | $365,200 | Compare |
| Virden | 3,165 | $78,750 | $98,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Cherry Valley
What is the population of Cherry Valley, IL?
The population of Cherry Valley, IL is 3,268 according to the latest Census data.
What is the median household income in Cherry Valley?
The median household income in Cherry Valley, IL is $74,766 per year.
What is the median home value in Cherry Valley?
The median home value in Cherry Valley, IL is $222,400.
What is the average rent in Cherry Valley?
The median monthly rent in Cherry Valley, IL is $871.
What is the unemployment rate in Cherry Valley?
The unemployment rate in Cherry Valley, IL is 5.1%.