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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 $632,062, higher than the Texas average of $322,096.
The average cost of rent is $1,104/mo in Cherry Spring, primarily driven by the current value of real estate in the Cherry Spring area. In Cherry Spring, 10.20% of households rent, and 50.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Spring is $10,756 per month. Households that rent pay about 10.26% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gold, TX: less expensive homes
- Loyal Valley, TX: less expensive homes
- Doss, TX: equally priced homes
- Bend, TX: higher priced homes
- Willow City, TX: equally priced homes
- Hilda, TX: equally priced homes
- Noxville, TX: less expensive homes
- Sunrise Beach Village, TX: equally priced homes
- Horseshoe Bay, TX: equally priced homes
- Round Mountain, TX: equally priced homes
Cities with Similar Populations
- Wardell, VA: less expensive homes
- Victory, TN: less expensive homes
- Coalburg, WV: less expensive homes
- Clintonville, WV: less expensive homes
- Clinton, KS: less expensive homes
- Village Springs, AL: less expensive homes
- Wainiha, HI: higher priced homes
- Clarksville, NY: less expensive homes
- Choestoe, GA: less expensive homes
- Chloride, AZ: less expensive homes
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