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Cherryville

Learn about the people, housing, costs and businesses in Cherryville, North Carolina

Median Home$223,616
Median Rent$991/month
Population6,240
Leading IndustryWholesale Trade9% of local workforce
Home Value Growth⬆⬆+12.9% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners71% of occupied units
NotableAmenity Score74/100 · highly walkable area
Cherryville
NC

Frequently Asked Questions

What are today's mortgage rates in Cherryville?

As of today, the 30-year fixed mortgage rate for Cherryville is approximately 6.870% (6.905% 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 $224k. The median monthly rent is $991. Annual property taxes average $2k. 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 12.9% 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 $1,001/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cherryville is $62k/year.

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What industries drive the economy in Cherryville?

The largest employment sectors in Cherryville are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.