Interested in purchasing investment houses in the 61016 zip code in Cherry Valley, IL?
The zip code 61016 is in both Winnebago and Boone counties with a latitude of -88.947220000000 and longitude of 42.198090000000, is in the state of Illinois. The average asking price of houses and condos is $209,357.00 and the average sale price was $130,595.00. this regions is classified as the Rockford metro area and consists of the following area codes: 779 and 815. The location in degrees is 42° 11' 53.124" N, 88° 56' 49.992" W. The county F.I.P.S. is 17201. This zip code contains two cities including Cherry Valley, IL (16.67%), and Belvidere, IL (0.12%) The total land area is 28.2 square miles and the water area is 0.5 square miles. The elevation in this area is 728 - 807 feet. The zip code is on central standard time and observes daylight savings time.
The zip 61016 is in county number 007 and is L. Sector 95, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 4,677 in 2019 and 4,837 in 2010. Of this, the break down in 2019 was 3,687 urban and 989 rural. This further breaks down to 2,393 males (51.2%) and 2,284 females (48.8%). The median age of residents is 52.1 years. The population of the greater Rockford, IL area is 359,336. The population density (people per square mile) is 166. This zip code has a combined total of 2,041 houses and condos. There are 333 rented appartments. 17% of residents rent versus the 17% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $63,909 and the average salary is $56,314. The median household income of individuals is $79,639.00 and the average is $73,940.00. This zip code has a mean commute time to work of 24.5 minutes. The unemployment rate is 4.7%. Income earners by percent breakdown as 24.30% (Under $50,000), 41.10% ($50,000-$100,000), and 34.60% earn over $100,000. 6.0% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 84.5. The educational breakdown is 93.6% have a high school education or higher, 26.0% have a bachelor's degree or higher, and 9.2% have some kind of profesional degree.
This area has 1,949 households and the average size is 2.4 people. Individuals who are single and have never been married are 21.6%, 61.7% are now married, 0.0% are separated, 5.5% are widowed, and 11.1% are divorced. The average yearly contribution amount given by people to charity was $3,151 versus the state average of $4,525. The percent of residents who gave to charity was 39.5%.
The estimated median value of houses and condos is $184,881. The median monthly owner costs of mortgage holders was $1,572, where as the costs for those who don't have a mortgage are $635. The median number of rooms in houses and condos are 6.6 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 2.7% which equated to an average real estate tax amount payment of $5,008. In comparision, the average real estate tax percent rate in the state is 2.2% which equated to an average real estate tax amount payment in the state of $4,527. The median housing property tax percent for residents with mortgages was 3.0% which amounted to an average tax amount of $5,558. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.4% which amounted to an average tax amount of $4,567. Reported taxable interest for persons was $947, dividends $2,955, capital gains +$1,517, and itemized deductions $20,603. The average earned income tax credit is $2,071. The percent of individuals that use a tax preparer is 55.0%. The total average income taxes paid by individuals was $9,416. Businesses reported an average profit of $11,216.
Salamone's Italian Restaurant and Bar
103 S Cherry St, Cherry Valley, IL 61016
Salamone's Cherry Valley
103 S Cherry St, Cherry Valley, IL 61016
Backyard Grill & Bar
201 E State St, Cherry Valley, IL 61016
Alvarex Mexican Restaurant
1600 S Bell School Rd, Cherry Valley, IL 61016
Matt's Baseball Tap
202 Walnut St, Cherry Valley, IL 61016
Romano's Pizzeria & Lounge
528 Genoa St, Cherry Valley, IL 61016
Cherry Valley Cafe
216 E State St, Cherry Valley, IL 61016
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