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Cherry Grove

Learn about the people, housing, costs and businesses in Cherry Grove, Ohio

Median Home$295,500
Median Rent$1,450/month
Population4,466
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare4% professional services
Home Value Growth⬆⬆+16.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners72% of occupied units
NotableHighly Educated30% bachelor's · 17% graduate · top 9% nationally
NotableHigh Incomes$106k/year · top 14% nationally
Cherry Grove
OH

Frequently Asked Questions

What are today's mortgage rates in Cherry Grove?

As of today, the 30-year fixed mortgage rate for Cherry Grove is approximately 6.963% (7.002% 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 Grove?

The median home value in Cherry Grove is $296k. The median monthly rent is $1,450. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cherry Grove?

Home values in Cherry Grove have increased 16.6% 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 Grove?

Based on a typical all-in ownership cost of $1,522/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherry Grove is $106k/year.

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What industries drive the economy in Cherry Grove?

The largest employment sectors in Cherry Grove are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.