The housing market in Cherokee, NC has experienced rapid appreciation over the past year. The median house value in Cherokee is currently $179,500 - significantly lower than the US median house value of $338,100. However, the 1 year house appreciation rate for Cherokee houses is 18.83%, almost double the US rate of 8.27%. This indicates that now might be a good time to invest in real estate in Cherokee as there is significant potential for growth.
The median home cost in Cherokee is $179,500. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Cherokee is up 22.1%.
Average Age of Homes
- The median age of Cherokee real estate is 36 years old
The Rental Market in Cherokee
- Renters make up 17.5% of the Cherokee population
- 2.9% of houses and apartments in Cherokee, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.