Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Cherry area can be challenging. Home prices in Cherry are now at a median cost of $118,515, lower than the Illinois average of $300,242.
The average cost of rent is $856/mo in Cherry, primarily driven by the current value of real estate in the Cherry area. In Cherry, 15.82% of households rent, and 41.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry is $4,938 per month. Households that rent pay about 17.33% of their income on rent here. Cherry’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.
Nearby Cities
- Arlington, IL: higher priced homes
- Ladd, IL: higher priced homes
- Dalzell, IL: higher priced homes
- Seatonville, IL: equally priced homes
- Zearing, IL: higher priced homes
- Tomahawk Bluff, IL: higher priced homes
- Hollowayville, IL: higher priced homes
- Spring Valley, IL: higher priced homes
- Troy Grove, IL: higher priced homes
- Peru, IL: higher priced homes
Cities with Similar Populations
- Climax, NY: higher priced homes
- Cornatzer, NC: higher priced homes
- Cora, WY: higher priced homes
- Upperville, VA: higher priced homes
- Valley Center, MI: higher priced homes
- Valley Hill, KY: higher priced homes
- Comins, MI: higher priced homes
- Verne, IN: higher priced homes
- Cohasset, CA: higher priced homes
- Victoria, IL: higher priced homes
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