Living in Cherokee Village, Arkansas
Cost of living, income, home prices, rent and demographics of Cherokee Village · Census data 2020–2024
Cherokee Village has 5,046 residents with a median age of 52.7. The median household income is $37,326 (39% lower than the Arkansas median), the median home value is $94,600, the median rent is $951/month.
Cherokee Village at a glance
- Population
- 5,046
- Median age
- 52.7State: 38.5
- Median household income
- $37,326State: $60,773
- Median home value
- $94,600State: $188,000
- Median rent
- $951/moState: $947
- Homeowners
- 84.3%
- Bachelor's degree or higher
- 19.6%
- Average commute
- 22 min
Is Cherokee Village a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 39% lower than the Arkansas median; unemployment of 16.8%; a poverty rate of 17%.
The weather is best in May–June and September–October.
Cost of living in Cherokee Village
Housing is the biggest part of the cost of living. In Cherokee Village the median home value is $94,600, 72% lower than the U.S. median. Renters pay a median of $951 per month, which is 29.5% of household income. Homeowners with a mortgage pay $1,186 a month in housing costs.
Cherokee Village median household income
The median household income in Cherokee Village is $37,326 and the income per person is $25,073. 17% of residents live below the poverty line (Arkansas: 16%).
Housing in Cherokee Village: homes for sale and rent
- Housing units
- 3,196
- Owner-occupied
- 84.3%
- Renter-occupied
- 15.7%
- Vacant
- 30.4%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.27
30.4% of homes are vacant most of the year, a sign that Cherokee Village has many vacation and second homes.
Cherokee Village demographics
- Population
- 5,046
- Median age
- 52.7
- Under 18
- 17.5%
- 65 and older
- 32.2%
- Households
- 2,224
- Foreign-born
- 1.2%
- Veterans
- 11%Adults 18+
Hispanic or Latino can be of any race. Population history of Cherokee Village ›
Education in Cherokee Village
19.6% of adults 25 and older in Cherokee Village have a bachelor's degree or higher (Arkansas: 25.7%), and 6.8% have a graduate or professional degree.
Jobs and commute in Cherokee Village
- Unemployment rate
- 16.8%State: 4.9%
- Average commute
- 22 minState: 23 min
- Work from home
- 12.1%
- Drive alone
- 69.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.5%
Cherokee Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cherokee Village | 5,046 | $37,326 | $94,600 | $951 |
| Highland | 1,354 | $49,063 | $104,400 | $817 |
| Ash Flat | 1,217 | $41,667 | $94,000 | $663 |
| Hardy | 890 | $26,932 | $58,600 | $444 |
| Ozark Acres | 670 | $31,940 | $73,700 | $1,107 |
| Horseshoe Bend | 2,555 | $46,080 | $128,500 | $748 |
| Franklin | 283 | $50,000 | $117,500 | — |
| Mammoth Spring | 1,226 | $32,863 | $103,000 | $404 |
| Salem | 1,620 | $40,833 | $105,900 | $676 |
More for people moving to Cherokee Village
Cherokee Village ZIP code ›Weather and climate ›Living in Cherokee Village: FAQ
What is the median household income in Cherokee Village, AR?
The median household income in Cherokee Village is $37,326, 39% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cherokee Village?
The median home value in Cherokee Village is $94,600, compared with $188,000 in Arkansas.
How much is rent in Cherokee Village?
The median gross rent in Cherokee Village is $951 per month, about 29.5% of household income.
Is Cherokee Village, AR a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 22 minutes. Minuses: median household income 39% lower than the Arkansas median; unemployment of 16.8%; a poverty rate of 17%.
What is the median age in Cherokee Village?
The median age in Cherokee Village is 52.7 years (Arkansas: 38.5).
How long is the commute in Cherokee Village?
The average commute to work in Cherokee Village is 22 minutes; 12.1% of workers work from home.
What is the unemployment rate in Cherokee Village?
The unemployment rate in Cherokee Village is 16.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cherokee Village?
19.6% of adults in Cherokee Village have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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