Zip 35616 (Cherokee, AL) Housing

The housing market in 35616 Cherokee, AL is booming. The median value of homes in the area is $114,100, significantly lower than the US average of $338,100. However, the 1 year house appreciation in the area stands at 15.32%, more than double that of the national average 8.27%. This indicates that there are plenty of opportunities for home buyers and investors in 35616 Cherokee, AL as this trend can be expected to continue into the future.

The median home cost in Cherokee (zip 35616) is $114,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Cherokee (zip 35616) is up 19.8%.

Average Age of Homes

- The median age of Cherokee (zip 35616) real estate is 46 years old

The Rental Market in Cherokee (zip 35616)

- Renters make up 16.0% of the Cherokee (zip 35616) population
- 0.8% of houses and apartments in Cherokee (zip 35616), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cherokee, Alabama	United States
	2,109.0	139,647,020.0
	51	42
	$114,100	$338,100
	19.8%	16.6%
	62.1%	57.0%
	74.6%	101.1%
	$3.71	$10.98
	$316	$2,690
	48.0%	57.4%
	31.8%	11.2%
	20.2%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	12.9%	3.6%
	17.3%	4.1%
Value of Owner-Occupied Housing
	6.6%	2.6%
	5.5%	2.4%
	18.3%	2.8%
	15.7%	3.9%
	15.0%	4.5%
	18.6%	11.3%
	11.6%	13.0%
	2.5%	20.1%
	1.3%	13.6%
	1.5%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	3.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	3.3%	13.6%
	16.4%	13.2%
	12.9%	14.8%
	3.3%	13.6%
	10.6%	10.0%
	8.8%	4.7%
	13.7%	12.2%

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