Cherryvale, KS is a great place to invest in housing. The median value of homes in the area is significantly lower than the US median value at $77,500, which provides an opportunity for potential buyers to find more affordable options. The house appreciation rate in Cherryvale has also been higher than the US rate for a one-year period, with 10.51% compared to 8.27%. This presents a great opportunity for investors who want to potentially gain higher returns on their investments. With its affordable prices and high appreciation rates, Cherryvale is an attractive destination for those looking for a wise investment in housing.
The median home cost in Cherryvale is $77,500. Home appreciation the last 10 years has been 59.6%. Home Appreciation in Cherryvale is up 13.8%.
Average Age of Homes
- The median age of Cherryvale real estate is 65 years old
The Rental Market in Cherryvale
- Renters make up 23.4% of the Cherryvale population
- 1.2% of houses and apartments in Cherryvale, 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.