Expensive
Affordable
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These days, finding an affordable place to live in the Cherrystone area can be challenging. Home prices in Cherrystone are now at a median cost of $677,800, higher than the Virginia average of $443,089.
The average cost of rent is $1,107/mo in Cherrystone, primarily driven by the current value of real estate in the Cherrystone area. In Cherrystone, 29.92% of households rent, and 49.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cherrystone is $5,052 per month. Households that rent pay about 21.91% of their income on rent here. Cherrystone’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
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