Living in Cherry Valley, Arkansas
Cost of living, income, home prices, rent and demographics of Cherry Valley · Census data 2020–2024
Cherry Valley has 543 residents with a median age of 43.8. The median household income is $31,563 (48% lower than the Arkansas median), the median home value is $77,500, the median rent is $538/month.
Cherry Valley is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cherry Valley at a glance
- Population
- 543
- Median age
- 43.8State: 38.5
- Median household income
- $31,563State: $60,773
- Median home value
- $77,500State: $188,000
- Median rent
- $538/moState: $947
- Homeowners
- 63%
- Bachelor's degree or higher
- 8%
- Average commute
- 30 min
Is Cherry Valley a good place to live?
Pros: Home values 59% lower than the state median; unemployment of 3.6%.
Cons: Median household income 48% lower than the Arkansas median; an average commute of 30 minutes; a poverty rate of 20.4%.
The weather is best in April–May and September–October.
Cost of living in Cherry Valley
Housing is the biggest part of the cost of living. In Cherry Valley the median home value is $77,500, 77% lower than the U.S. median. Renters pay a median of $538 per month, which is 30.4% of household income. Homeowners with a mortgage pay $808 a month in housing costs.
Cherry Valley median household income
The median household income in Cherry Valley is $31,563 and the income per person is $32,475. 20.4% of residents live below the poverty line (Arkansas: 16%).
Housing in Cherry Valley: homes for sale and rent
- Housing units
- 276
- Owner-occupied
- 63%
- Renter-occupied
- 37%
- Vacant
- 21.7%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.51
Cherry Valley demographics
- Population
- 543
- Median age
- 43.8
- Under 18
- 19.5%
- 65 and older
- 18.8%
- Households
- 216
- Foreign-born
- 0.7%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Cherry Valley ›
Education in Cherry Valley
8% of adults 25 and older in Cherry Valley have a bachelor's degree or higher (Arkansas: 25.7%), and 3.4% have a graduate or professional degree.
Jobs and commute in Cherry Valley
- Unemployment rate
- 3.6%State: 4.9%
- Average commute
- 30 minState: 23 min
- Work from home
- 9.3%
- Drive alone
- 74.1%
- Public transit
- 0%
- Walk to work
- 4.1%
- Homes with broadband
- 84.7%
Cherry Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cherry Valley | 543 | $31,563 | $77,500 | $538 |
| Wynne | 8,120 | $43,250 | $141,100 | $760 |
| Harrisburg | 2,216 | $48,047 | $128,100 | $688 |
| Hickory Ridge | 259 | $31,250 | $53,300 | $763 |
| Fisher | 167 | $38,750 | $55,800 | — |
| Parkin | 694 | $23,942 | $43,500 | $512 |
| Weiner | 680 | $52,917 | $100,300 | $825 |
| Colt | 510 | $22,188 | $93,800 | $711 |
| Payneway | 133 | $37,969 | — | $656 |
More for people moving to Cherry Valley
Cherry Valley ZIP code ›Weather and climate ›Living in Cherry Valley: FAQ
What is the median household income in Cherry Valley, AR?
The median household income in Cherry Valley is $31,563, 48% 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 Cherry Valley?
The median home value in Cherry Valley is $77,500, compared with $188,000 in Arkansas.
How much is rent in Cherry Valley?
The median gross rent in Cherry Valley is $538 per month, about 30.4% of household income.
Is Cherry Valley, AR a good place to live?
Pluses: home values 59% lower than the state median; unemployment of 3.6%. Minuses: median household income 48% lower than the Arkansas median; an average commute of 30 minutes; a poverty rate of 20.4%.
What is the median age in Cherry Valley?
The median age in Cherry Valley is 43.8 years (Arkansas: 38.5).
How long is the commute in Cherry Valley?
The average commute to work in Cherry Valley is 30 minutes; 9.3% of workers work from home.
What is the unemployment rate in Cherry Valley?
The unemployment rate in Cherry Valley is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cherry Valley?
8% of adults in Cherry Valley 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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