Penfield Crossing, Cherry Valley, IL
Penfield Crossing — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Penfield Crossing, Cherry Valley, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Penfield Crossing Neighborhood Overview
Penfield Crossing is a residential neighborhood within the village of Cherry Valley, Illinois. It offers residents a quiet, suburban atmosphere with convenient access to the amenities of the greater Rockford area. The community is characterized by its family-friendly environment and well-maintained homes.
Lifestyle & Amenities
Residents enjoy a peaceful suburban lifestyle with nearby parks and local shopping options. The neighborhood's location provides easy access to dining and retail in Cherry Valley and the surrounding communities. Outdoor recreation is available at local parks and along the nearby Kishwaukee River.
Real Estate Market
The real estate market in Penfield Crossing features single-family homes with a Census-reported median home value of $217,600. Current market data indicates an asking price per square foot of approximately $172.62. This positions the neighborhood as an affordable option within the broader northern Illinois housing market.
Schools & Education
Families in Penfield Crossing are served by the local Cherry Valley School District. The area is known for its commitment to community-focused education. Specific school ratings and detailed program information should be verified with the district directly.
Transportation & Connectivity
The neighborhood is conveniently located near major roadways, including US Route 20, providing straightforward commutes to Rockford and beyond. While primarily car-dependent, the area offers good connectivity for regional travel. Residents benefit from proximity to Chicago Rockford International Airport for broader travel needs.
Why Choose Penfield Crossing
Penfield Crossing is an excellent choice for those seeking an affordable, stable community with a median household income of $97,500. It balances suburban tranquility with practical access to urban amenities and employment centers. The neighborhood represents a value-conscious entry point to homeownership in the Rockford metropolitan area.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Penfield Crossing Market Data
| Metric | Value |
|---|---|
| Median Home Price | $218K |
| Median Gross Rent | $850/mo |
| Median Household Income | $98K |
| Homeownership Rate | 88.0% |
| Renter-Occupied | 12.0% |
| Rental Vacancy Rate | 7.0% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 61016 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Penfield Crossing, Cherry Valley
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Penfield Crossing, Cherry Valley, IL. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14