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Cherokee

Learn about the people, housing, costs and businesses in Cherokee, Oklahoma

Median Home$115,897
Median Rent$755/month
Population1,464
Leading IndustriesInformation & Media · Manufacturing · Finance & Insurance13% information & media
Retirees22% of residentsnear the national average
Homeowners72% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$116k median home · lower cost than 86% of the country
Cherokee
OK

Frequently Asked Questions

What are today's mortgage rates in Cherokee?

As of today, the 30-year fixed mortgage rate for Cherokee is approximately 6.920% (6.957% 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 Cherokee?

The median home value in Cherokee is $116k. The median monthly rent is $755. Annual property taxes average $894. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $617/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherokee is $61k/year.

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What industries drive the economy in Cherokee?

The largest employment sectors in Cherokee are public administration (20%) and information and media (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.