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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 $217,970, lower than the North Carolina average of $323,314.
The average cost of rent is $880/mo in Cherokee, primarily driven by the current value of real estate in the Cherokee area. In Cherokee, 26.96% of households rent, and 77.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherokee is $4,943 per month. Households that rent pay about 17.80% of their income on rent here. Cherokee’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Airport, NC: higher priced homes
- Whittier, NC: higher priced homes
- Ela, NC: equally priced homes
- Dillsboro, NC: equally priced homes
- Barkers Creek, NC: higher priced homes
- Sylva, NC: higher priced homes
- Bryson City, NC: equally priced homes
- Webster, NC: higher priced homes
- Gay, NC: equally priced homes
- Balsam, NC: higher priced homes
Cities with Similar Populations
- Palmer, TX: higher priced homes
- Lacy-Lakeview, TX: less expensive homes
- Lagrangeville, NY: higher priced homes
- Lake Carmel, NY: higher priced homes
- Lawton, MI: higher priced homes
- Lebanon, CT: higher priced homes
- Lebanon, IL: higher priced homes
- Lebanon, VA: less expensive homes
- Leesport, PA: higher priced homes
- Ligonier, IN: equally priced homes
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