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Affordable
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These days, finding an affordable place to live in the Cherokee Falls area can be challenging. Home prices in Cherokee Falls are now at a median cost of $156,236, lower than the South Carolina average of $296,593.
The average cost of rent is $744/mo in Cherokee Falls, primarily driven by the current value of real estate in the Cherokee Falls area. In Cherokee Falls, 16.12% of households rent, and 50.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherokee Falls is $6,521 per month. Households that rent pay about 11.41% of their income on rent here. Cherokee Falls’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Draytonville, SC: less expensive homes
- Blacksburg, SC: less expensive homes
- East Gaffney, SC: less expensive homes
- Kings Creek, SC: less expensive homes
- Wilkinsville, SC: less expensive homes
- Gaffney, SC: equally priced homes
- Grover, NC: higher priced homes
- Smyrna, SC: higher priced homes
- Hickory Grove, SC: higher priced homes
- Hopewell, SC: higher priced homes
Cities with Similar Populations
- Piggtown, MS: less expensive homes
- Pedro, FL: higher priced homes
- Peoria, MO: less expensive homes
- Pepper, WV: less expensive homes
- Percy, NH: higher priced homes
- Perdue Hill, AL: less expensive homes
- Perkinstown, WI: higher priced homes
- Petrey, AL: less expensive homes
- Petroleum, WV: less expensive homes
- Piedmont, KS: less expensive homes
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