The village of Cherry Valley is a community of 8.72 square miles (22.6 km2) in the Kishwaukee River valley, which lies primarily in Winnebago County. Approximately ten percent of the village is within Boone County. The village is within the Rockford, Illinois Metropolitan Statistical Area, and borders the southeast side of Rockford. The population is 3,162 as of the 2010 census, up from 2,191 in 2000.
Official documents from the Winnebago County Clerk's office and the Village of Cherry Valley state Cherry Valley was settled in 1836. The first settler within Cherry Valley was Joseph Griggs who, along with his family, settled on the north bank of the Kishwaukee River in 1835. Cherry Valley was incorporated as a village on January 31, 1857. Early landmark events for Cherry Valley was the establishment of a mill on the Kishwaukee River, and the coming of the railroad in 1852.
Early on Cherry Valley was called by various names, such as "Griggs Ford" and Graball, and then other names, before the present name was adopted. After deciding to change the name, the people put their suggestions into a hat. A Mrs. Butler, from Cherry Valley, New York placed the name of Cherry Valley in the hat and that name was selected.