Cherry Lake, ND is a desirable place to live for many people in the region. The median housing value is $292,600, which is significantly lower than the US median housing value of $338,100. Despite this lower housing value, the 1 year house appreciation rate in Cherry Lake is higher than the national rate at 9.41%. This shows that Cherry Lake's housing market is doing well despite its lower cost of living. People looking for affordable housing in a good economy should consider Cherry Lake as an option when looking for a new place to live.
The median home cost in Cherry Lake is $292,600. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Cherry Lake is up 10.5%.
Average Age of Homes
- The median age of Cherry Lake real estate is 78 years old
The Rental Market in Cherry Lake
- Renters make up 20.0% of the Cherry Lake population
- 0.0% of houses and apartments in Cherry Lake, 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.