Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cherokee area can be challenging. Home prices in Cherokee are now at a median cost of $88,274, lower than the Alabama average of $185,232.
The average cost of rent is $741/mo in Cherokee, primarily driven by the current value of real estate in the Cherokee area. While nearly 55.49% of residents own their homes outright in Cherokee, 26.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cherokee is $3,688 per month. Households that rent pay about 20.09% of their income on rent here. Cherokee's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Mount Hester, AL: equally priced homes
- Lime Kiln, AL: equally priced homes
- Margerum, AL: equally priced homes
- Barton, AL: higher priced homes
- Lane Springs, AL: equally priced homes
- Smithsonia, AL: higher priced homes
- Red Rock, AL: higher priced homes
- Mynot, AL: equally priced homes
- Riverton, AL: equally priced homes
- Bishop, AL: equally priced homes
Cities with Similar Populations
- Cabazon, CA: higher priced homes
- Beulah, FL: higher priced homes
- Hopetown, OH: higher priced homes
- Plainview, TN: higher priced homes
- Transfer, PA: higher priced homes
- Cobden, IL: higher priced homes
- Chiloquin, OR: higher priced homes
- Union, NH: higher priced homes
- Marion, MI: equally priced homes
- Camden, MI: higher priced homes
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