Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$229,115+0.8% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$49,667About 0.8× the local median income ($61,632): affordable for a typical household
Days on market92 daysSlower than a year ago: buyers have time to negotiate
The typical home in Cherokee County, AL is worth $229,115, up 0.8% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $230,936, so the area is 0.8% undervalued. It is a buyer's market: homes take about 92 days to sell, listings are up 24% from a year ago, 15% of listings have had a price cut. A household needs about $49,667 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,632. In the latest IRS figures, 349 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$229,115
Change in 1 year
+0.8%
Overvalued %
−0.8%
Show 6 more
Fair home value
$230,936
Change in 5 years
+12.1%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,242
Income needed to afford it
$49,667
Property tax rate
0.38%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$986
Market activity
Listings vs a year ago
+24.4%
Days on market
92
Listings with a price cut
15.2%
Show 3 more
Homes for sale
163
Pending sales per 100 listings
12
Asking price per sq ft
$216
People and jobs
Median household income
$61,632
Population change (1 year)
+1.2%
Unemployment rate
3.9%
Show 4 more
Population
26,413
Income adjusted for cost of living
$74,077
Net moves in (IRS)
+349
Cost of living (US = 100)
83.2
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
63.3
Flood risk score
70.4
Show 3 more
Wildfire risk score
68.2
Walkability (1 to 20)
4.3
Road, rail and air noise
54 dB
Questions people ask
Is Cherokee County, AL overvalued?
Home prices in Cherokee County, AL are slightly below what local incomes have historically supported: fair value is about $230,936, so the area is 0.8% undervalued.
Is Cherokee County, AL a buyer's or seller's market?
Cherokee County, AL is a buyer's market: homes take about 92 days to sell, listings are up 24% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Cherokee County, AL?
Home values in Cherokee County, AL are up 0.8% over the last year.
How much do you need to earn to buy a home in Cherokee County, AL?
A household needs about $49,667 a year to afford the typical home in Cherokee County, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,632.