Cherokee, AL—35616
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherokee, AL
As of Oct '25, the median home price in Cherokee, AL is $132,000, with a year-over-year change of -10.3%. This indicates that home prices in Cherokee, AL are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | -10.3% |
| Single Family | $131,000 | -10.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $140,000 | -5.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cherokee, AL
Cherokee, AL 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 — Cherokee, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cherokee, AL is 110. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $256,000 | 43.0% |
Listing Count | 30 | -12.0% |
| Listings as % of Homes | 1.2% | -12.0% |
Days on Market | 110 | 28.0% |
Demographics — Cherokee, AL
As of the latest ACS Survey released in 2023, Cherokee, AL has a population of 3,680, which has remained stable by 0.4% over the past 5 years. Cherokee, AL is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,680 | 0.4% |
% Under 18 | 21.3% | 7.0% |
% Seniors | 22.5% | -0.9% |
% WFH | 4.5% | 1,400.0% |
% w/ College Degree | 13.1% | 9.2% |
As of the latest ACS Survey released in 2023, Cherokee, AL is a predominantly white area, with 80.0% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Cherokee, AL is black, making up 15.9% of the population. Foreign-born residents account for 1.2% of the population in Cherokee, AL, and this percentage has decreased by 20.0% 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 | 80.0% | -5.8% |
% Black | 15.9% | 51.4% |
% Hispanic | 1.8% | -47.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.2% | -20.0% |
Mortgage and Risk — Cherokee, AL
According to HUD data as of 2023, there were 73 mortgage originations in Cherokee, AL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Cherokee, AL. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Cherokee, AL
Cherokee, AL 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 | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Cherokee, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $132,000 |
| Median Household Income | $47,100 |