Cherokee County, South Carolina Housing Market
In Cherokee County, South Carolina, the median home value is $142,000, with a median monthly rent of $869. This places Cherokee County at #2348 nationally out of 3134 counties by median home value, and #34 within South 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: $960
- Establishments: 951
- BLS QCEW, 2025
Housing Supply
- Single-family: 199
- Multi-family: 87
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 21,072 (avg $58,549)
- Outflow: 20,075 (avg $58,677)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Cherokee County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 29372 | 262.4 | — | 2025 |
| 2 | 29330 | 244.8 | +4.13% | 2025 |
| 3 | 29307 | 230.1 | -3.02% | 2025 |
| 4 | 29341 | 234.6 | +6.45% | 2025 |
| 5 | 29340 | 258.3 | +7.31% | 2025 |
| 6 | 29323 | 253.3 | -0.45% | 2025 |
| 7 | 29702 | 219.7 | +3.50% | 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 | South Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $142,000 | $199,732 | $227,706 |
| Median Gross Rent | $869 | $984 | $968 |
| Owner Occupancy Rate | 73.8% | 73.2% | 73.3% |
| Price/Rent Ratio | 13.6 | 16.3 | 18.7 |
Market Analysis
The median home value in Cherokee County is 28.9% below the South Carolina state average and 37.6% below the U.S. national average. The median rent of $869/month is 11.7% below the state average.
With a price-to-rent ratio of 13.6, buying a home in Cherokee County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Cherokee County has an owner-occupancy rate of 73.8%, compared to 73.2% in South 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 |
|---|---|---|---|
| Elbert County | Georgia | $142,000 | $844 |
| Richland Parish | Louisiana | $141,900 | $903 |
| Alcorn County | Mississippi | $142,100 | $751 |
| Livingston County | Illinois | $142,200 | $880 |
| Schoolcraft County | Michigan | $141,800 | $705 |
Other Counties in South Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Saluda County | $146,500 | $851 | 78.7% |
| Fairfield County | $151,200 | $938 | 74.6% |
| Clarendon County | $158,000 | $763 | 72.9% |
| Darlington County | $158,200 | $896 | 70.9% |
| Chester County | $158,300 | $853 | 78.4% |
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).