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Cherry Creek

Learn about the people, housing, costs and businesses in Cherry Creek, New York

Median Home$124,100
Median Rent$721/month
Population390
Leading IndustriesRetail · Construction · Wholesale Trade19% retail
Home Value Growth⬆⬆⬆+26.5% over 2 years
Retirees21% of residentsnear the national average
Homeowners84% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
Cherry Creek
NY

Frequently Asked Questions

What are today's mortgage rates in Cherry Creek?

As of today, the 30-year fixed mortgage rate for Cherry Creek is approximately 6.881% (6.917% 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 Creek?

The median home value in Cherry Creek is $124k. The median monthly rent is $721. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cherry Creek?

Home values in Cherry Creek have increased 26.5% 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 Creek?

Based on a typical all-in ownership cost of $842/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherry Creek is $62k/year.

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What industries drive the economy in Cherry Creek?

The largest employment sectors in Cherry Creek are public administration (25%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.