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These days, finding an affordable place to live in the Cherry Hill area can be challenging. Home prices in Cherry Hill are now at a median cost of $591,447, higher than the Virginia average of $443,089.
The average cost of rent is $2,613/mo in Cherry Hill, primarily driven by the current value of real estate in the Cherry Hill area. In Cherry Hill, 28.56% of households rent, and 12.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Hill is $14,383 per month. Households that rent pay about 18.17% of their income on rent here. Cherry Hill’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dumfries, VA: less expensive homes
- Neabsco, VA: equally priced homes
- Triangle, VA: less expensive homes
- Montclair, VA: equally priced homes
- Quantico Base, VA: less expensive homes
- Quantico, VA: less expensive homes
- Woodbridge, VA: less expensive homes
- Marumsco, VA: less expensive homes
- Warington Hills, MD: less expensive homes
- Dale City, VA: less expensive homes
Cities with Similar Populations
- Holliston, MA: higher priced homes
- Pitahaya, PR: less expensive homes
- Lexington, VA: less expensive homes
- Lexington, TN: less expensive homes
- Leitchfield, KY: less expensive homes
- Hudson, NY: less expensive homes
- Horsham, PA: less expensive homes
- Hopatcong, NJ: less expensive homes
- Hooksett, NH: less expensive homes
- Plaquemine, LA: less expensive homes
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