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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 $348,323, lower than the Rhode Island average of $438,271.
The average cost of rent is $970/mo in Cherry Valley, primarily driven by the current value of real estate in the Cherry Valley area. In Cherry Valley, 6.25% of households rent, and 35.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherry Valley is $8,669 per month. Households that rent pay about 11.19% of their income on rent here. Cherry Valley’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chepachet, RI: higher priced homes
- Pascoag, RI: higher priced homes
- West Glocester, RI: higher priced homes
- Mapleville, RI: equally priced homes
- Burrillville, RI: higher priced homes
- Oakland, RI: higher priced homes
- Harrisville, RI: higher priced homes
- Laurel Hill, RI: equally priced homes
- North Scituate, RI: higher priced homes
- North Foster, RI: higher priced homes
Cities with Similar Populations
- Homewood, SC: less expensive homes
- Hereford, CO: equally priced homes
- Slovak, AR: less expensive homes
- Sloan, NV: higher priced homes
- Heron Bay, AL: less expensive homes
- Hickory Grove, TN: less expensive homes
- Hicksville, VA: less expensive homes
- High Bank, NY: less expensive homes
- Hiles, WI: less expensive homes
- Hillemann, AR: less expensive homes
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