Cherokee County, Alabama Housing Market Prices
Cherokee County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 8% above the Alabama median More expensive than 70% of counties in Alabama$173,275
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Median rent 24% below the Alabama median$762
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cherokee County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,275 | $160,474 | $248,835 |
| Price Trend (Annual %) | 5.1% | 6.3% | 7.5% |
| Median Gross Rent | $762 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cherokee County is about 8% higher than in Alabama. Rent is about 24% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cherokee County, up about 5.1% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Cherokee County rose about 22.7% between 2015 and 2024, from $621 to $762. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Cherokee County.
Buying the median-priced home in Cherokee County costs roughly 19.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cherokee County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Cherokee County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,275 | $160,474 | $248,835 |
| Median Household Income | $55,406 | $64,544 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cherokee County rose about 28.2%, while median household income rose about 27.7% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cherokee County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.2% | 60.0% | 58.5% |
| Rental Rate | 13.1% | 25.5% | 31.2% |
| Vacancy Rate | 30.7% | 14.5% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Cherokee County has a homeownership rate of 56.2%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 30.7%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Cherokee County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1985 | 1985 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Cherokee County was built around 1985. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Cherokee County, AL Housing Compared With Nearby Counties
Cherokee County, AL is the 4th largest of the 5 counties compared here, 25,443 residents against a local median of 85,974. The measure that sets Cherokee County, AL apart most is median home price: $173,275, 87% above the local median of $92,506.
Homeownership tells the same story from another angle: 81.1% against a local median of 70.3%, 15% above it. The one measure here that carries a verdict is homeownership, and at 15% above the local median it puts Cherokee County, AL at the better end of the local range. The counties themselves spread $63,583 on median home price, so Cherokee County, AL sits at one end of an already wide local range rather than apart from it. Cherokee County, AL has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cherokee County, AL | 25,443 | $173,275 #1/5 | $762 #4/5 | 81.1% #1/5 |
| DeKalb County, AL | 72,266 | $58,790 | $692 | 78.3% |
| Chattooga County, GA | 25,036 | $68,899 | $789 | 66.8% |
| Floyd County, GA | 99,681 | $122,373 | $1,014 | 63.6% |
| Etowah County, AL | 103,105 | $116,112 | $846 | 73.9% |
Frequently Asked Questions
Common questions about the housing market in Cherokee County, Alabama.
What is the median home price in Cherokee County, Alabama?
The median home price in Cherokee County, Alabama is $173,275, higher than the Alabama average of $160,474.
What is the average home price in Cherokee County, Alabama?
The typical home price in Cherokee County, Alabama, reported as the median sale price, is $173,275. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cherokee County, Alabama?
The median gross rent in Cherokee County, Alabama is $762 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Cherokee County in 2020?
In 2020, the median gross rent in Cherokee County, Alabama was $625 per month.
What is the price-to-rent ratio in Cherokee County, Alabama?
The price-to-rent ratio in Cherokee County, Alabama is about 19.0, meaning it would take roughly 19.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cherokee County.
Are home prices or rent rising faster in Cherokee County, Alabama?
Both home prices and rent are rising in Cherokee County, up about 5.1% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cherokee County, Alabama?
56.2% of households in Cherokee County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Cherokee County, Alabama?
The housing vacancy rate in Cherokee County, Alabama is 30.7%, higher than the Alabama average of 14.5%.
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