Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$264,815−0.2% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$57,406About 1.0× the local median income ($55,351): a stretch for a typical household
Days on market88 daysSlower than a year ago: buyers have time to negotiate
The typical home in Cherokee County, NC is worth $264,815, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $234,537, so the area is 12.9% overvalued. It is a buyer's market: homes take about 88 days to sell, listings are up 7% from a year ago, 19% of listings have had a price cut. A household needs about $57,406 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 $55,351. In the latest IRS figures, 453 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
$264,815
Change in 1 year
−0.2%
Overvalued %
+12.9%
Show 6 more
Fair home value
$234,537
Change in 5 years
+25.7%
Home value to income
4.8×
Monthly mortgage payment (20% down)
$1,435
Income needed to afford it
$57,406
Property tax rate
0.46%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,012
Market activity
Listings vs a year ago
+6.8%
Days on market
88
Listings with a price cut
19.3%
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Homes for sale
390
Pending sales per 100 listings
18
Asking price per sq ft
$244
People and jobs
Median household income
$55,351
Population change (1 year)
+1.4%
Unemployment rate
4.1%
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Population
30,830
Income adjusted for cost of living
$62,614
Net moves in (IRS)
+453
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
56.7
Flood risk score
67.9
Show 3 more
Wildfire risk score
81.1
Walkability (1 to 20)
5.6
Road, rail and air noise
55 dB
Questions people ask
Is Cherokee County, NC overvalued?
Home prices in Cherokee County, NC are well above what local incomes have historically supported: fair value is about $234,537, so the area is 12.9% overvalued.
Is Cherokee County, NC a buyer's or seller's market?
Cherokee County, NC is a buyer's market: homes take about 88 days to sell, listings are up 7% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Cherokee County, NC?
Home values in Cherokee County, NC are down 0.2% over the last year.
How much do you need to earn to buy a home in Cherokee County, NC?
A household needs about $57,406 a year to afford the typical home in Cherokee County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $55,351.