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Cherry Branch

Learn about the people, housing, costs and businesses in Cherry Branch, North Carolina

Median Home$256,500
Median Rent$1,318/month
Population1,344
Leading IndustriesFinance & Insurance · Information & Media · Education10% finance & insurance
Home Value Growth⬆⬆+15.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community21% of residents · top 1% nationally
Cherry Branch
NC

Frequently Asked Questions

What are today's mortgage rates in Cherry Branch?

As of today, the 30-year fixed mortgage rate for Cherry Branch is approximately 6.907% (6.944% 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 Cherry Branch?

The median home value in Cherry Branch is $257k. The median monthly rent is $1,318. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cherry Branch?

Home values in Cherry Branch have increased 15.3% 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 Cherry Branch?

Based on a typical all-in ownership cost of $1,330/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherry Branch is $80k/year.

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What industries drive the economy in Cherry Branch?

The largest employment sectors in Cherry Branch are public administration (21%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.