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These days, finding an affordable place to live in the Lake Cherokee area can be challenging. Home prices in Lake Cherokee are now at a median cost of $303,229, lower than the Texas average of $322,096.
The average cost of rent is $922/mo in Lake Cherokee, primarily driven by the current value of real estate in the Lake Cherokee area. In Lake Cherokee, 14.75% of households rent, and 51.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Cherokee is $7,594 per month. Households that rent pay about 12.14% of their income on rent here. Lake Cherokee’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Monroe, TX: less expensive homes
- Easton, TX: less expensive homes
- Oak Hill, TX: equally priced homes
- Lakeport, TX: less expensive homes
- Tatum, TX: less expensive homes
- Danville, TX: less expensive homes
- Greggton, TX: less expensive homes
- Rolling Meadows, TX: less expensive homes
- Pirtle, TX: less expensive homes
- Kilgore, TX: less expensive homes
Cities with Similar Populations
- Allison, IA: less expensive homes
- Yettem, CA: higher priced homes
- Wenona, IL: less expensive homes
- Verdie, FL: equally priced homes
- Varysburg, NY: less expensive homes
- Van Etten, NY: less expensive homes
- Trenton, ND: equally priced homes
- Brent, OK: less expensive homes
- Brandon, MN: less expensive homes
- Bogata, TX: less expensive homes
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