According to statistics, the population in Cherokee Village, AR amounts to 4,804, which shows growth 3% compared to the previous year. The median age of the city’s residents is 46. The average household income is $34,348, shifting growth 2% from the past year, and the average property value in Cherokee Village, AR growth 3% to $79,200 throughout the year.
|Number Of Employees||1,388|
|Median Property Value||$79,200|
The average household income in Cherokee Village, AR grew from $33,710 to $34,348 in the past year. This data is an estimate based upon 2,072 households in Cherokee Village, AR . The chart below presents how household income is distributed in Cherokee Village, AR in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cherokee Village, AR shifted from $76,600 to $79,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cherokee Village, AR in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cherokee Village, AR properties falls in the '$40,000 to $49,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cherokee Village, AR compared to median property taxes around the country. The prevalent amount of property taxes in Cherokee Village, AR equals $800, which is less than the national average.
|May||vs Last Month|
|4+ bed apartments||$115,000||N/A|
During May 2023, the average price for an apartment in/near Cherokee Village, AR increased by 29.5% to $135,058.
The average price of the land for sale in Cherokee Village, AR has not changed significantly since last month, being $20,569. Asking price for 2-bed apartment also decreased by 21.2% and a place of this size will now cost you $130,708. A 3-bed apartment goes for $147,100, it decreased by 48.4% lately. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $115,000 for a big-family home.
|May||vs Last Month|
|Houses for sale||$137,892||-39.7%|
|Condos for sale||$124,425||+3.7%|
|Townhouses for sale||$137,900||N/A|
While assessing the property pricing Cherokee Village, AR, you can note that it remains flat with a price tag of $78,000. Price reports demonstrate that house price decreased by 39.7% this month making it up to $137,892. Condos are really in demand in this season. The median price for a condo increased by 3.7%, it’s now available for $124,425. Value of the townhouses didn’t change, the price still starts at $137,900.