Home Insurance in Cherry Valley, Illinois
With a median home value of $232,800, Cherry Valley is 42% higher than the Winnebago County median.
The typical home in Cherry Valley was built around 1997. About 15% of homes were built before 1960, about 20 points below Winnebago County's 35%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Cherry Valley, the housing stock is 77% single-family homes and 16% apartments in buildings with 5+ units.
55% of owner-occupied homes in Cherry Valley carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Cherry Valley has an owner-occupancy rate of 81% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
Most homes in Cherry Valley - 90% - are primarily heated with natural gas.
What's the biggest home insurance risk near Cherry Valley? FEMA's National Risk Index points to strong wind (Relatively High) in Winnebago County and Winnebago County had 617 active NFIP flood policies as of September 2026. See the full Winnebago County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Illinois is $1,480 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $232,800 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Winnebago County | 617 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)