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These days, finding an affordable place to live in the Cherry Valley area can be challenging. Home prices in Cherry Valley are now at a median cost of $107,290, lower than the Arkansas average of $207,061.
The average cost of rent is $773/mo in Cherry Valley, primarily driven by the current value of real estate in the Cherry Valley area. In Cherry Valley, 33.52% of households rent, and 54.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Valley is $3,662 per month. Households that rent pay about 21.10% of their income on rent here. Cherry Valley’s most expensive areas are in the southeastern 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
- Birdeye, AR: higher priced homes
- Twist, AR: less expensive homes
- Monterey, AR: less expensive homes
- Wynne, AR: higher priced homes
- Togo, AR: less expensive homes
- Hickory Ridge, AR: less expensive homes
- Wittsburg, AR: higher priced homes
- Tilton, AR: less expensive homes
- Parkin, AR: less expensive homes
- McFadden, AR: less expensive homes
Cities with Similar Populations
- Cottonwood, MN: higher priced homes
- Westerlo, NY: higher priced homes
- Belleair Beach, FL: higher priced homes
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- Berry Creek, CA: higher priced homes
- Bethany, IL: higher priced homes
- Mahomet, TX: higher priced homes
- Canadensis, PA: higher priced homes
- Wadley, AL: higher priced homes
- Pittsburg, IL: higher priced homes
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