61016 — Cherry Valley, IL Home Values
Typical home value $296,017 as of June 2026 · 5th of 22 in Rockford, IL
Blue: typical home value (Zillow ZHVI) in ZIP code 61016, June 2021 to June 2026. This page shows observed data only; no forecast.
How 61016 compares in the Rockford, IL area
ZIP code 61016 (Cherry Valley, IL) has a typical home value of $296,017 as of June 2026, ranking 5th of 22 ZIP codes tracked in the Rockford, IL area, more expensive than about 82% of ZIP codes in the metro. Prices here have moved +8.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +48.9%, from $198,838 in June 2021 to $296,017 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Rockford, IL forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Rockford.
Population and demographics
ZIP code 61016 has a population of 5,166, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 77.4% White, 12.9% Hispanic or Latino, 4.6% Black or African American, 3.6% Asian, and 1.4% two or more races.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Cherry Valley Elementary School | 6754 Armer Dr, Rockford, IL | 3.1 mi |
| Jefferson High School | 4145 Samuelson Rd, Rockford, IL | 4.7 mi |
| Swan Hillman Elem School | 3701 Green Dale Dr, Rockford, IL | 5.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 61016?
$296,017 as of June 2026, the latest month Zillow has published observed data for.
Is 61016 an expensive ZIP code in the Rockford, IL area?
61016 ranks 5th of 22 ZIP codes in the Rockford, IL area by typical home value, more expensive than about 82% of ZIP codes in the metro.
How much have home values in 61016 changed over the past year?
+8.8% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 61016?
5,166, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 61016?
Cherry Valley Elementary School (3.1 mi), Jefferson High School (4.7 mi), Swan Hillman Elem School (5.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 61016?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Rockford, IL forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.