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These days, finding an affordable place to live in the Cherry Spring area can be challenging. Home prices in Cherry Spring are now at a median cost of $505,814, higher than the Texas average of $235,268.
The average cost of rent is $714/mo in Cherry Spring, primarily driven by the current value of real estate in the Cherry Spring area. While nearly 35.33% of residents own their homes outright in Cherry Spring, 24.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Spring is $8,214 per month. Households that rent pay about 8.69% of their income on rent here. Cherry Spring's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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- Sunrise Beach Village, TX: equally priced homes
- Horseshoe Bay, TX: equally priced homes
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Cities with Similar Populations
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- Wainiha, HI: higher priced homes
- Clarksville, NY: less expensive homes
- Choestoe, GA: less expensive homes
- Chloride, AZ: less expensive homes
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