Cherry Creek, NY—14723
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherry Creek, NY
As of Oct '25, the median home price in Cherry Creek, NY is $160,000, with a year-over-year change of 4.6%. This indicates that home prices in Cherry Creek, NY are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 4.6% |
| Single Family | $160,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | 4.2% |
3 Bed | $166,000 | 5.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cherry Creek, NY
Cherry Creek, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cherry Creek, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Cherry Creek, NY is 58. This is a decrease of -60.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | 6.0% |
Listing Count | 6 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 58 | -60.0% |
Demographics — Cherry Creek, NY
As of the latest ACS Survey released in 2023, Cherry Creek, NY has a population of 1,060, which has decreased by -4.0% over the past 5 years. Cherry Creek, NY is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,060 | -4.0% |
% Under 18 | 21.6% | -13.9% |
% Seniors | 22.8% | 58.3% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 13.8% | -27.7% |
As of the latest ACS Survey released in 2023, Cherry Creek, NY is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Cherry Creek, NY is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.7% of the population in Cherry Creek, NY, and this percentage has decreased by 22.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.3% | -1.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.3% | 62.5% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 0.7% | -22.2% |
Mortgage and Risk — Cherry Creek, NY
According to HUD data as of 2023, there were 50 mortgage originations in Cherry Creek, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Cherry Creek, NY. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cherry Creek, NY
Cherry Creek, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Cherry Creek, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $160,000 |
| Median Household Income | $63,600 |