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Cheraw

Learn about the people, housing, costs and businesses in Cheraw, Colorado

Median Home$196,000
Median Rent$1,112/month
Population225
Leading IndustriesConstruction · Finance & Insurance · Information & Media9% construction
Home Value Growth+9.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners71% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableTransit81/100 · excellent transit access
Cheraw
CO

Frequently Asked Questions

What are today's mortgage rates in Cheraw?

As of today, the 30-year fixed mortgage rate for Cheraw is approximately 7.052% (7.093% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cheraw?

The median home value in Cheraw is $196k. The median monthly rent is $1,112. Annual property taxes average $520. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cheraw?

Home values in Cheraw have increased 9.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cheraw?

Based on a typical all-in ownership cost of $900/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cheraw is $64k/year.

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What industries drive the economy in Cheraw?

The largest employment sectors in Cheraw are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.