Cherokee County, North Carolina Housing Market
In Cherokee County, North Carolina, the median home value is $232,300, with a median monthly rent of $813. This places Cherokee County at #1053 nationally out of 3134 counties by median home value, and #47 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $877
- Establishments: 860
- BLS QCEW, 2025
Housing Supply
- Single-family: 239
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,800 (avg $57,874)
- Outflow: 10,262 (avg $55,272)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Cherokee County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28906 | 271.1 | +7.56% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Cherokee County Compares
| Metric | Cherokee County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $232,300 | $235,312 | $227,706 |
| Median Gross Rent | $813 | $976 | $968 |
| Owner Occupancy Rate | 83.7% | 71.8% | 73.3% |
| Price/Rent Ratio | 23.8 | 19.8 | 18.7 |
Market Analysis
The median home value in Cherokee County is 1.3% below the North Carolina state average and 2.0% above the U.S. national average. The median rent of $813/month is 16.7% below the state average.
With a price-to-rent ratio of 23.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Cherokee County has an owner-occupancy rate of 83.7%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Clay County | South Dakota | $232,300 | $770 |
| Jefferson County | Florida | $232,600 | $898 |
| Madison County | Kentucky | $232,000 | $889 |
| Sequatchie County | Tennessee | $232,600 | $818 |
| Faulkner County | Arkansas | $232,700 | $1,005 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Perquimans County | $231,700 | $1,008 | 76.5% |
| Craven County | $231,600 | $1,110 | 68.4% |
| Pasquotank County | $234,600 | $1,170 | 67.5% |
| Chowan County | $235,800 | $681 | 70.5% |
| Onslow County | $236,400 | $1,265 | 63.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).