Home Price Key
Affordable
Average
Expensive
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 $341,301, higher than the Texas average of $235,268.
The average cost of rent is $910/mo in Lake Cherokee, primarily driven by the current value of real estate in the Lake Cherokee area. While nearly 44.52% of residents own their homes outright in Lake Cherokee, 13.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Cherokee is $6,681 per month. Households that rent pay about 13.63% of their income on rent here. Lake Cherokee's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Monroe, TX: less expensive homes
- Easton, TX: less expensive homes
- Oak Hill, TX: less expensive homes
- Lakeport, TX: less expensive homes
- Tatum, TX: less expensive homes
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- 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: equally priced homes
- Wenona, IL: less expensive homes
- Verdie, FL: less expensive homes
- Varysburg, NY: less expensive homes
- Van Etten, NY: less expensive homes
- Trenton, ND: less expensive homes
- Brent, OK: less expensive homes
- Brandon, MN: less expensive homes
- Bogata, TX: less expensive homes
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