Cherokee County, Oklahoma 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 3% above the Oklahoma median More expensive than 70% of counties in Oklahoma$138,128
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Median rent 18% below the Oklahoma median$831
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cherokee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $138,128 | $133,462 | $248,835 |
| Price Trend (Annual %) | 5.2% | 5.4% | 7.5% |
| Median Gross Rent | $831 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cherokee County is about 3% higher than in Oklahoma. Rent is about 18% lower than the Oklahoma 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 5.2% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Cherokee County rose about 43.3% between 2015 and 2024, from $580 to $831. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Cherokee County.
Buying the median-priced home in Cherokee County costs roughly 13.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cherokee County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Cherokee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $138,128 | $133,462 | $248,835 |
| Median Household Income | $53,916 | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cherokee County rose about 14.3%, while median household income rose about 64.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cherokee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.0% | 57.9% | 58.5% |
| Rental Rate | 28.7% | 30.1% | 31.2% |
| Vacancy Rate | 16.4% | 12.0% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Cherokee County has a homeownership rate of 55.0%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 16.4%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Cherokee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Cherokee County was built around 1988. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Cherokee County, OK Housing Compared With Nearby Counties
Cherokee County, OK is typical in size for this group, 47,942 residents against a local median of 53,149, so the measures below are close to a like for like comparison. The measure that sets Cherokee County, OK apart most is median home price: $138,128, 21% below the local median of $175,208.
The counties themselves spread $116,039 on median home price, so Cherokee County, OK sits at one end of an already wide local range rather than apart from it. Cherokee County, OK has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cherokee County, OK | 47,942 | $138,128 #4/5 | $831 #4/5 | 65.7% #5/5 |
| Mayes County, OK | 39,594 | $180,565 | $857 | 74.4% |
| Muskogee County, OK | 66,442 | $133,335 | $848 | 66.5% |
| Sequoyah County, OK | 39,855 | $169,851 | $811 | 70.8% |
| Wagoner County, OK | 86,605 | $249,373 | $1,068 | 81.3% |
Frequently Asked Questions
Common questions about the housing market in Cherokee County, Oklahoma.
What is the median home price in Cherokee County, Oklahoma?
The median home price in Cherokee County, Oklahoma is $138,128, higher than the Oklahoma average of $133,462.
What is the average home price in Cherokee County, Oklahoma?
The typical home price in Cherokee County, Oklahoma, reported as the median sale price, is $138,128. 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, Oklahoma?
The median gross rent in Cherokee County, Oklahoma is $831 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Cherokee County in 2020?
In 2020, the median gross rent in Cherokee County, Oklahoma was $678 per month.
What is the price-to-rent ratio in Cherokee County, Oklahoma?
The price-to-rent ratio in Cherokee County, Oklahoma is about 13.9, meaning it would take roughly 13.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cherokee County.
Are home prices or rent rising faster in Cherokee County, Oklahoma?
Both home prices and rent are rising in Cherokee County, up about 5.2% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cherokee County, Oklahoma?
55.0% of households in Cherokee County, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Cherokee County, Oklahoma?
The housing vacancy rate in Cherokee County, Oklahoma is 16.4%, higher than the Oklahoma average of 12.0%.
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