Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$214,211+8.4% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 22% have cut their price
Income needed to buy, per year$46,436About 0.8× the local median income ($54,705): affordable for a typical household
Days on market87 daysSlower than a year ago: buyers have time to negotiate
The typical home in Cherokee County, OK is worth $214,211, up 8.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $189,649, so the area is 13.0% overvalued. It is a balanced market, leaning toward sellers: homes take about 87 days to sell, listings are down 2% from a year ago, 22% of listings have had a price cut. A household needs about $46,436 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 $54,705. Typical rent is $1,105 a month. In the latest IRS figures, 321 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
$214,211
Change in 1 year
+8.4%
Overvalued %
+13.0%
Show 6 more
Fair home value
$189,649
Change in 5 years
+31.0%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,161
Income needed to afford it
$46,436
Property tax rate
0.54%
Rent and investing
Typical rent
$1,105
Price-to-rent ratio
16.2×
HUD Fair Market Rent, 2 bedrooms
$943
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Gross rental yield
6.19%
Cap rate (estimate)
4.02%
Market activity
Listings vs a year ago
−1.9%
Days on market
87
Listings with a price cut
21.9%
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Homes for sale
158
Pending sales per 100 listings
27
Asking price per sq ft
$159
People and jobs
Median household income
$54,705
Population change (1 year)
+0.9%
Unemployment rate
5.1%
Show 4 more
Population
49,196
Income adjusted for cost of living
$65,437
Net moves in (IRS)
+321
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
76.9
Unhealthy air days a year
0
Show 4 more
Flood risk score
77.5
Wildfire risk score
94.6
Walkability (1 to 20)
5.8
Road, rail and air noise
52 dB
Questions people ask
Is Cherokee County, OK overvalued?
Home prices in Cherokee County, OK are well above what local incomes have historically supported: fair value is about $189,649, so the area is 13.0% overvalued.
Is Cherokee County, OK a buyer's or seller's market?
Cherokee County, OK is a balanced market, leaning toward sellers: homes take about 87 days to sell, listings are down 2% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Cherokee County, OK?
Home values in Cherokee County, OK are up 8.4% over the last year.
How much do you need to earn to buy a home in Cherokee County, OK?
A household needs about $46,436 a year to afford the typical home in Cherokee County, OK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,705.