Cherry Valley, IL Real Estate
According to census data in the year 2000 there were 920 housing units in Cherry Valley.
This represents a 40.7% growth from 654 in 1990.
Of those housing units, 885 were located in either urbanized areas or urban clusters, and 35 were located in what is classified as a rural area.
Homeownership rate in Cherry Valley is about 76.8%.
Cherry Valley's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Cherry Valley were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9% |
| Two Bedrooms | 21.40% |
| Three Bedrooms | 47.90% |
| Four Bedrooms | 18.70% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1989 |
| Median Value of occupied units | $134,200 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.52 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $483 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 18.30% |
| Simple Mortgage | 57.40% |
| Debt Free | 17% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
