Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$189,612−2.5% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$41,104About 0.7× the local median income ($57,070): affordable for a typical household
Days on market59 daysFaster than a year ago: sellers have the edge
The typical home in Cherokee County, SC is worth $189,612, down 2.5% from a year ago. That is well below what local incomes have historically supported: fair value is about $216,566, so the area is 12.4% undervalued. It is a buyer's market: homes take about 59 days to sell, listings are up 19% from a year ago, 18% of listings have had a price cut. A household needs about $41,104 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 $57,070. Typical rent is $1,078 a month. In the latest IRS figures, 537 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
$189,612
Change in 1 year
−2.5%
Overvalued %
−12.4%
Show 6 more
Fair home value
$216,566
Change in 5 years
−7.0%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,028
Income needed to afford it
$41,104
Property tax rate
0.43%
Rent and investing
Typical rent
$1,078
Price-to-rent ratio
14.7×
HUD Fair Market Rent, 2 bedrooms
$885
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Gross rental yield
6.82%
Cap rate (estimate)
4.43%
Market activity
Listings vs a year ago
+19.4%
Days on market
59
Listings with a price cut
18.5%
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Homes for sale
172
Pending sales per 100 listings
40
Asking price per sq ft
$170
People and jobs
Median household income
$57,070
Population change (1 year)
+0.7%
Unemployment rate
6.3%
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Population
58,275
Income adjusted for cost of living
$66,206
Net moves in (IRS)
+537
Cost of living (US = 100)
86.2
Schools, risk and environment
School rating (1 to 10)
3.9
FEMA hazard risk score (0 to 100)
69.7
Unhealthy air days a year
2
Show 4 more
Flood risk score
72.5
Wildfire risk score
37.5
Walkability (1 to 20)
5.2
Road, rail and air noise
53 dB
Questions people ask
Is Cherokee County, SC overvalued?
Home prices in Cherokee County, SC are well below what local incomes have historically supported: fair value is about $216,566, so the area is 12.4% undervalued.
Is Cherokee County, SC a buyer's or seller's market?
Cherokee County, SC is a buyer's market: homes take about 59 days to sell, listings are up 19% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Cherokee County, SC?
Home values in Cherokee County, SC are down 2.5% over the last year.
How much do you need to earn to buy a home in Cherokee County, SC?
A household needs about $41,104 a year to afford the typical home in Cherokee County, SC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $57,070.