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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 $113,244, lower than the Oklahoma average of $210,566.
The average cost of rent is $733/mo in Cherokee, primarily driven by the current value of real estate in the Cherokee area. In Cherokee, 27.21% of households rent, and 65.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherokee is $5,063 per month. Households that rent pay about 14.47% of their income on rent here. Cherokee’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ingersoll, OK: equally priced homes
- Lambert, OK: higher priced homes
- Driftwood, OK: higher priced homes
- Byron, OK: higher priced homes
- Jet, OK: less expensive homes
- Vining, OK: less expensive homes
- Dacoma, OK: higher priced homes
- Alva, OK: higher priced homes
- Nash, OK: equally priced homes
- Hopeton, OK: higher priced homes
Cities with Similar Populations
- Wolcott, VT: higher priced homes
- Latexo, TX: higher priced homes
- Leupp, AZ: less expensive homes
- Liberty, WV: higher priced homes
- Honor, MI: higher priced homes
- Hagan, GA: higher priced homes
- Mendon, IL: higher priced homes
- Moravia, IA: higher priced homes
- Centerfield, UT: higher priced homes
- Cayuga, IN: less expensive homes
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