Median home value in zip code 61016 (Cherry Valley, IL) is $276,705, up 7.9% year over year. Part of the Rockford, IL metropolitan area.

Home Value$276,705

YoY Change

+7.9%

Prices rising — worse for buyers.

Affordability

Enter your income for 61016 (Cherry Valley).

Income (annual)

Down Payment

$55,341 on $276,705

Example: $75,000 household income. Change it above to see your own.

Stretch33% of income

Above 28% but manageable with cuts.

PITI$2,063

P/I33%

Afford$235K

Gap-$42K

P&I $1,399Tax $514Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

61016 is part of the Rockford, IL metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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