Cherry Valley, AR is an area with a relatively low median house value compared to the national average. The median housing value in Cherry Valley is $63,400 while the US median is $338,100. Despite this lower starting point, the one-year appreciation rate of 15.07% for houses in Cherry Valley was higher than the US national appreciation rate of 8.27%. This suggests that housing values in Cherry Valley are increasing more rapidly than the US average, making it an attractive place to invest in property.
The median home cost in Cherry Valley is $63,400. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Cherry Valley is up 17.9%.
Average Age of Homes
- The median age of Cherry Valley real estate is 44 years old
The Rental Market in Cherry Valley
- Renters make up 33.0% of the Cherry Valley population
- 0.0% of houses and apartments in Cherry Valley, 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.