Cherokee County, South Carolina 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 79% above the South Carolina median Among the 3 most expensive counties in South Carolina$429,025
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Median rent 26% below the South Carolina median$868
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cherokee County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $429,025 | $239,609 | $248,835 |
| Price Trend (Annual %) | 18.9% | 8.9% | 7.5% |
| Median Gross Rent | $868 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cherokee County is about 79% higher than in South Carolina. Rent is about 26% lower than the South Carolina 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 18.9% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Cherokee County rose about 37.2% between 2015 and 2024, from $633 to $868. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 8.5 yearly household incomes in Cherokee County.
Buying the median-priced home in Cherokee County costs roughly 41.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cherokee County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Cherokee County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $429,025 | $239,609 | $248,835 |
| Median Household Income | $50,370 | $69,383 | $80,455 |
| Price-to-Income Ratio | 8.5 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cherokee County rose about 391.5%, while median household income rose about 36.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cherokee County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 62.3% | 58.5% |
| Rental Rate | 23.0% | 24.4% | 31.2% |
| Vacancy Rate | 12.3% | 13.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Cherokee County has a homeownership rate of 64.8%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 12.3%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Cherokee County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1983 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Cherokee County was built around 1983. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Cherokee County, SC Housing Compared With Nearby Counties
Cherokee County, SC is the 5th largest of the 6 counties compared here, 56,649 residents against a local median of 100,962. Cherokee County, SC's median home price, at $429,025, runs 155% above the $168,547 typical of the counties around it.
The counties themselves spread $186,265 on median home price, so Cherokee County, SC sits at one end of an already wide local range rather than apart from it. Cherokee County, SC has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cherokee County, SC | 56,649 | $429,025 #1/6 | $868 #4/6 | 73.8% #3/6 |
| Cleveland County, NC | 100,962 | $104,677 | $913 | 70.9% |
| Union County, SC | 26,885 | $189,062 | $804 | 71.3% |
| Spartanburg County, SC | 347,752 | $158,720 | $1,084 | 73.0% |
| York County, SC | 293,716 | $168,547 | $1,387 | 74.5% |
| Rutherford County, NC | 64,922 | $290,943 | $783 | 73.9% |
Frequently Asked Questions
Common questions about the housing market in Cherokee County, South Carolina.
What is the median home price in Cherokee County, South Carolina?
The median home price in Cherokee County, South Carolina is $429,025, higher than the South Carolina average of $239,609.
What is the average home price in Cherokee County, South Carolina?
The typical home price in Cherokee County, South Carolina, reported as the median sale price, is $429,025. 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, South Carolina?
The median gross rent in Cherokee County, South Carolina is $868 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Cherokee County in 2020?
In 2020, the median gross rent in Cherokee County, South Carolina was $718 per month.
What is the price-to-rent ratio in Cherokee County, South Carolina?
The price-to-rent ratio in Cherokee County, South Carolina is about 41.2, meaning it would take roughly 41.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cherokee County.
Are home prices or rent rising faster in Cherokee County, South Carolina?
Both home prices and rent are rising in Cherokee County, up about 18.9% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cherokee County, South Carolina?
64.8% of households in Cherokee County, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in Cherokee County, South Carolina?
The housing vacancy rate in Cherokee County, South Carolina is 12.3%, lower than the South Carolina average of 13.3%.
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