Expensive
Affordable
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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 $157,650, lower than the Iowa average of $226,062.
The average cost of rent is $761/mo in Cherokee, primarily driven by the current value of real estate in the Cherokee area. In Cherokee, 31.44% of households rent, and 43.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherokee is $5,709 per month. Households that rent pay about 13.33% of their income on rent here. Cherokee’s most expensive areas are in the northeastern 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
- Meriden, IA: higher priced homes
- Aurelia, IA: equally priced homes
- Larrabee, IA: higher priced homes
- Cleghorn, IA: less expensive homes
- Quimby, IA: less expensive homes
- Calumet, IA: equally priced homes
- Marcus, IA: higher priced homes
- Alta, IA: equally priced homes
- Washta, IA: equally priced homes
- Peterson, IA: equally priced homes
Cities with Similar Populations
- Kildeer, IL: higher priced homes
- Imperial, PA: higher priced homes
- Indian River Estates, FL: higher priced homes
- Indian Springs, NV: higher priced homes
- Iowa Colony, TX: higher priced homes
- Jasper, TN: higher priced homes
- Jay, OK: equally priced homes
- Jones, OK: higher priced homes
- Jonesboro, LA: less expensive homes
- Kanab, UT: higher priced homes
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