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Cherokee County Housing Market

North Carolina · 100 counties · Ranked #1998 in home value

Below National Avg

Housing at a Glance

Median Home Value

$208,700

vs national$208,700 vs $281,900 national

Median Gross Rent

$800/mo

vs national$800 vs $1,163 national

Effective Tax Rate

0.50%

vs national0.50% vs 1.02% national

Median Household Income

$51,496

vs national$51,496 vs $74,755 national

Affordability Ratio

4.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,045

Tax as % of Home Value

0.50%

Monthly Owner Cost

$551

Renter Income

$35,463

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Frequently Asked Questions

What is the median home value in Cherokee County?

The median home value in Cherokee County is $208,700. This is below the national median of $281,900.

How much is rent in Cherokee County?

The median gross rent in Cherokee County is $800 per month.

What is the property tax rate in Cherokee County?

The effective property tax rate in Cherokee County is 0.50%. The median annual property tax bill is $1,045.

Is Cherokee County affordable?

With a home-value-to-income ratio of 4.1x, Cherokee County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.