The story of this market
The typical home in ZIP 61016 sells for about $361,900, or $205 per square foot.
Prices are up +17.1% from a year ago, so sellers still have some momentum. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $1,021 a month.
ZIP 61016 — Cherry Valley
The housing market in 61016 shows strong price appreciation and low inventory, reflecting a seller-leaning environment. Demand is supported by a higher-than-average median household income compared to the broader Rockford metro area. Market activity remains steady with limited supply driving competitive conditions for buyers.
This ZIP is well-suited for family buyers and those seeking a suburban lifestyle with access to the Rockford metro area, offering a higher median income and lower poverty rate than the city core.
Median prices moved up 17.1% year over year.
Homes spend a median of 31 days on market with 1.0 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 5.4% — a stable, low-distress profile.
ZCTA 61016
The area benefits from proximity to the Rockford regional aerospace and manufacturing cluster, providing a stable economic base for the surrounding communities.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents typically face a commute of approximately 23.7 minutes, with access to regional highway corridors connecting to the Rockford employment core.
The area features local park access and proximity to the Rock River, with basic shopping and dining amenities available within the immediate vicinity.
The rental market is characterized by limited inventory and steady demand, with rents tracking closely to regional indices.
The local economy is anchored by the broader Rockford manufacturing and aerospace sector, which serves as the primary employment driver for the region.
Transportation is primarily automobile-dependent, with regional highway access facilitating commutes to Rockford and surrounding industrial hubs.
Parcels are subject to local school district and county-level property tax assessments.
Data retrieved from Census Reporter and ZCTA-level ACS profiles.
- Hurricane Harbor Rockford43.1 mi
- Volcano Falls Adventure Park4.48.5 mi
- Ninja Kidz Action Park (Previously Flow)4.85.2 mi
- Urban Air Trampoline and Adventure Park3.84.8 mi
- Chuck E. Cheese4.26.4 mi
- Anderson Japanese Gardens4.78.2 mi
- BMO Center4.58.8 mi
- Prairie Street Brewing Co.4.58.5 mi
- Coronado Theatre4.88.8 mi
- Byron Dragway4.817.5 mi
- Anderson Japanese Gardens4.78.2 mi
- Rock Cut State Park4.610.7 mi
- Discovery Center Museum4.88.8 mi
- Hurricane Harbor Rockford43.1 mi
- AMC Rockford 164.24.8 mi
- Discovery Center Museum4.88.8 mi
- Burpee Museum of Natural History4.78.7 mi
- Historic Attractions4.918.2 mi
- Midway Village Museum4.75.7 mi
- Frank Lloyd Wright's Laurent House4.87.7 mi
- Rock Cut State Park4.610.7 mi
- Nicholas Conservatory & Gardens4.78.3 mi
- Sinnissippi Park4.77.9 mi
- Baumann Park4.72 mi
- Klehm Arboretum & Botanic Garden4.68.8 mi
- Prairie Street Brewing Co.4.58.5 mi
- Aldeen Golf Club4.66.4 mi
- Timber Pointe Golf Club4.59.6 mi
- Swanhills Golf Course4.48.7 mi
- Rockford Country Club4.49 mi
- Sandy Hollow Golf Course4.45.5 mi
- CherryVale Mall43.3 mi
- Meijer4.36.4 mi
- Meijer4.311.9 mi
- Ross Dress for Less4.15 mi
- Blain's Farm & Fleet4.48.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides regional recreational opportunities including boating and fishing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.