Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$469,096−1.2% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$101,690About 0.9× the local median income ($116,493): affordable for a typical household
Days on market58 daysSlower than a year ago: buyers have time to negotiate
Next 12 months−1.0%Zillow expects prices to dip slightly
The typical home in Cherokee County, GA is worth $469,096, down 1.2% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $426,815, so the area is 9.9% overvalued. It is a buyer's market: homes take about 58 days to sell, listings are up 7% from a year ago, 25% of listings have had a price cut. Zillow expects prices to fall about 1.0% over the next year. A household needs about $101,690 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 $116,493. Typical rent is $1,997 a month, or $2,466 for a house. In the latest IRS figures, 3,671 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
$469,096
Change in 1 year
−1.2%
Overvalued %
+9.9%
Show 7 more
Fair home value
$426,815
Change in 5 years
+25.1%
Zillow forecast, next 12 months
−1.0%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$2,542
Income needed to afford it
$101,690
Property tax rate
0.69%
Rent and investing
Typical rent
$1,997
Typical rent for houses
$2,466
Price-to-rent ratio
19.6×
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HUD Fair Market Rent, 2 bedrooms
$1,762
Gross rental yield
5.11%
Cap rate (estimate)
3.32%
Market activity
Listings vs a year ago
+6.8%
Days on market
58
Listings with a price cut
25.3%
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Homes for sale
1,424
Pending sales per 100 listings
24
Asking price per sq ft
$219
People and jobs
Median household income
$116,493
Population change (1 year)
+1.8%
Unemployment rate
3.2%
Show 4 more
Population
299,273
Income adjusted for cost of living
$116,377
Net moves in (IRS)
+3,671
Cost of living (US = 100)
100.1
Schools, risk and environment
School rating (1 to 10)
8.2
FEMA hazard risk score (0 to 100)
85.3
Flood risk score
88.5
Show 3 more
Wildfire risk score
58.8
Walkability (1 to 20)
7.0
Road, rail and air noise
54 dB
Questions people ask
Is Cherokee County, GA overvalued?
Home prices in Cherokee County, GA are slightly above what local incomes have historically supported: fair value is about $426,815, so the area is 9.9% overvalued.
Is Cherokee County, GA a buyer's or seller's market?
Cherokee County, GA is a buyer's market: homes take about 58 days to sell, listings are up 7% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Cherokee County, GA?
Home values in Cherokee County, GA are down 1.2% over the last year. Zillow's forecast for the next 12 months is −1.0%.
How much do you need to earn to buy a home in Cherokee County, GA?
A household needs about $101,690 a year to afford the typical home in Cherokee County, GA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $116,493.