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Cherryvale

Learn about the people, housing, costs and businesses in Cherryvale, South Carolina

Median Home$165,863
Median Rent$1,234/month
Population2,474
Leading IndustriesHealthcare · Professional Services · Arts, Food & Hospitality17% healthcare
Home Value Growth⬆⬆+13.7% over 2 years
Young Adults40% of residentstop 3% nationally
Renters59% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
Cherryvale
SC

Frequently Asked Questions

What are today's mortgage rates in Cherryvale?

As of today, the 30-year fixed mortgage rate for Cherryvale is approximately 7.011% (7.054% 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 Cherryvale?

The median home value in Cherryvale is $166k. The median monthly rent is $1,234. Annual property taxes average $916. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cherryvale?

Home values in Cherryvale have increased 13.7% 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 Cherryvale?

Based on a typical all-in ownership cost of $1,143/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherryvale is $49k/year.

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What industries drive the economy in Cherryvale?

The largest employment sectors in Cherryvale are public administration (21%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.