Cherryville, NC is a great place to invest in real estate. The median value of a house in Cherryville is $230,300, which is far lower than the US median value of $338,100. Despite this lower average cost for housing in Cherryville, the 1-year house appreciation rate is 19.65%, significantly higher than the national rate of 8.27%. This makes investing in Cherryville a great opportunity for anyone looking to maximize their returns on real estate investments.
The median home cost in Cherryville is $230,300. Home appreciation the last 10 years has been 127.7%. Home Appreciation in Cherryville is up 25.4%.
Average Age of Homes
- The median age of Cherryville real estate is 49 years old
The Rental Market in Cherryville
- Renters make up 22.6% of the Cherryville population
- 0.6% of houses and apartments in Cherryville, 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.