The housing market in Lake Cherokee, TX is booming! The median value of a house in Lake Cherokee is $319,200 which is lower than the US median house value of $338,100. However, what really sets it apart from the rest of the country is its appreciation rate. Over the last year, housing values in Lake Cherokee have increased by 14.75%, more than double the national average of 8.27%. This makes Lake Cherokee an ideal location for anyone looking to invest in real estate.
The median home cost in Lake Cherokee is $319,200. Home appreciation the last 10 years has been 67.5%. Home Appreciation in Lake Cherokee is up 20.4%.
Average Age of Homes
- The median age of Lake Cherokee real estate is 35 years old
The Rental Market in Lake Cherokee
- Renters make up 9.7% of the Lake Cherokee population
- 0.0% of houses and apartments in Lake 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.