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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 $207,889, lower than the Ohio average of $236,816.
The average cost of rent is $831/mo in Cherry Valley, primarily driven by the current value of real estate in the Cherry Valley area. In Cherry Valley, 5.94% of households rent, and 33.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Valley is $7,396 per month. Households that rent pay about 11.24% of their income on rent here. Cherry Valley’s most expensive areas are in the central 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
- Sentinel, OH: less expensive homes
- West Andover, OH: less expensive homes
- Dorset, OH: less expensive homes
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- Leon, OH: less expensive homes
- West Williamsfield, OH: less expensive homes
- Williamsfield, OH: equally priced homes
- Lenox Center, OH: less expensive homes
- Colebrook, OH: less expensive homes
- Padanaram, OH: less expensive homes
Cities with Similar Populations
- Ridings, TX: higher priced homes
- Deer, AR: less expensive homes
- Dennys Mill, PA: higher priced homes
- Dimock, SD: higher priced homes
- Floyd, NY: equally priced homes
- Hanover, WI: higher priced homes
- Harrisburg, NE: equally priced homes
- Rhems, SC: less expensive homes
- Riceville, LA: less expensive homes
- Richmond, IA: higher priced homes
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