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Cherryvale

Learn about the people, housing, costs and businesses in Cherryvale, Kansas

Median Home$69,100
Median Rent$668/month
Population2,058
Leading IndustriesTransportation · Professional Services · Healthcare4% transportation
Home Value Growth+10.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners65% of occupied units
NotableTransit89/100 · excellent transit access
NotableAffordable Market$69k median home · lower cost than 98% of the country
Cherryvale
KS

Frequently Asked Questions

What are today's mortgage rates in Cherryvale?

As of today, the 30-year fixed mortgage rate for Cherryvale is approximately 6.860% (6.895% 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 $69k. The median monthly rent is $668. Annual property taxes average $1k. 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 10.0% over the past two years. This represents moderate growth. 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 $606/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherryvale is $52k/year.

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What industries drive the economy in Cherryvale?

The largest employment sectors in Cherryvale are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.