The Most Affordable Neighborhoods in Cherokee, TX by Home Value

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 $196,309, lower than the Texas average of $322,096.

The average cost of rent is $1,059/mo in Cherokee, primarily driven by the current value of real estate in the Cherokee area. In Cherokee, 30.99% of households rent, and 79.92% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cherokee is $4,635 per month. Households that rent pay about 22.85% of their income on rent here. Cherokee’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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