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 $129,768, lower than the North Carolina average of $226,477.
The average cost of rent is $613/mo in Cherokee, primarily driven by the current value of real estate in the Cherokee area. While nearly 75.44% of residents own their homes outright in Cherokee, 27.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cherokee is $3,425 per month. Households that rent pay about 17.90% of their income on rent here. Cherokee's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Airport, NC: equally priced homes
- Whittier, NC: higher priced homes
- Ela, NC: higher priced homes
- Dillsboro, NC: higher priced homes
- Barkers Creek, NC: higher priced homes
- Sylva, NC: higher priced homes
- Bryson City, NC: higher priced homes
- Webster, NC: higher priced homes
- Gay, NC: higher priced homes
- Balsam, NC: higher priced homes
Cities with Similar Populations
- Palmer, TX: higher priced homes
- Lacy-Lakeview, TX: equally priced 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: equally priced homes
- Leesport, PA: higher priced homes
- Ligonier, IN: higher priced homes
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