Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cherokee Pass

Learn about the people, housing, costs and businesses in Cherokee Pass, Missouri

Median Home$169,303
Median Rent$658/month
Population271
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing8% finance & insurance
Home Value Growth⬆⬆+16.9% over 2 years
Retirees21% of residentsnear the national average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$169k median home · lower cost than 65% of the country
Cherokee Pass
MO

Frequently Asked Questions

What are today's mortgage rates in Cherokee Pass?

As of today, the 30-year fixed mortgage rate for Cherokee Pass is approximately 7.046% (7.087% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Cherokee Pass
What is the median home price in Cherokee Pass?

The median home value in Cherokee Pass is $169k. The median monthly rent is $658. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cherokee Pass?

Home values in Cherokee Pass have increased 16.9% over the past two years. This indicates a strong appreciation trend. 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 Cherokee Pass?

Based on a typical all-in ownership cost of $645/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherokee Pass is $63k/year.

Calculate your buying power
What industries drive the economy in Cherokee Pass?

The largest employment sectors in Cherokee Pass are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.