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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 $195,937, lower than the New York average of $610,895.
The average cost of rent is $995/mo in Cherry Valley, primarily driven by the current value of real estate in the Cherry Valley area. In Cherry Valley, 7.16% of households rent, and 56.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Valley is $7,314 per month. Households that rent pay about 13.60% of their income on rent here. Cherry Valley’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Middlefield Center, NY: less expensive homes
- Van Deusenville, NY: equally priced homes
- East Springfield, NY: higher priced homes
- South Valley, NY: less expensive homes
- Leesville, NY: less expensive homes
- Roseboom, NY: higher priced homes
- Springfield Center, NY: higher priced homes
- Hessville, NY: higher priced homes
- Buel, NY: equally priced homes
- Dorloo, NY: equally priced homes
Cities with Similar Populations
- Allenwood, PA: higher priced homes
- Anderson Island, WA: higher priced homes
- Egan, LA: equally priced homes
- Primghar, IA: less expensive homes
- Waterloo, MI: higher priced homes
- Forest, LA: less expensive homes
- Wayne City, IL: less expensive homes
- Red Valley, VA: higher priced homes
- Ringwood, OK: less expensive homes
- Roosevelt, MN: less expensive homes
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