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Cherryville

Learn about the people, housing, costs and businesses in Cherryville, Pennsylvania

Median Home$287,191
Median Rent$1,392/month
Population1,577
Leading IndustriesRetail · Transportation · Healthcare23% retail
Home Value Growth⬆⬆+16.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners95% of occupied units
NotableHighly Educated34% hold a bachelor's degree · top 4% nationally
NotableHigh Incomes$104k/year · top 15% nationally
Cherryville
PA

Frequently Asked Questions

What are today's mortgage rates in Cherryville?

As of today, the 30-year fixed mortgage rate for Cherryville is approximately 6.847% (6.881% 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 Cherryville?

The median home value in Cherryville is $287k. The median monthly rent is $1,392. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cherryville?

Home values in Cherryville have increased 16.0% 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 Cherryville?

Based on a typical all-in ownership cost of $1,276/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherryville is $104k/year.

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What industries drive the economy in Cherryville?

The largest employment sectors in Cherryville are retail (23%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.