Cherokee County, North Carolina home prices
Typical home $264,815 · -0.2% in a year · property tax 0.46%
The typical home in Cherokee County is worth $264,815, 20% less than the North Carolina typical home ($332,159). Values changed -0.2% in the past year and +25.7% over five years. Homeowners here pay a median 0.46% of their home's value in property tax each year ($1,213 on the typical home), versus 0.64% statewide.
Mortgage on the typical Cherokee County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,963 | $211,852 | $1,425 | $0 | $233 | $1,659 | $71,100 |
| 10% down | $26,482 | $238,334 | $1,603 | $99 | $233 | $1,936 | $83,000 |
| 5% down | $13,241 | $251,575 | $1,692 | $105 | $233 | $2,031 | $87,000 |
| 3.5% down (FHA) | $9,269 | $260,019 | $1,749 | $117 | $233 | $2,100 | $90,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.46% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in North Carolina.
North Carolina counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pasquotank County | $264,204 | +1.1% | 0.67% |
| Alleghany County | $266,244 | +1.5% | 0.57% |
| Alexander County | $268,040 | +6.7% | 0.6% |
| Stokes County | $259,278 | +6.4% | 0.6% |
| Davidson County | $273,458 | +2.9% | 0.6% |
| McDowell County | $256,108 | -2.5% | 0.53% |
| Guilford County | $274,335 | +0.1% | 0.84% |
| Gates County | $255,286 | +10.6% | 0.76% |
| Craven County | $275,008 | +2.0% | 0.63% |
| Rowan County | $275,856 | +0.0% | 0.65% |
Frequently asked questions
What is the average home price in Cherokee County, NC?
The typical home value in Cherokee County is $264,815 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Cherokee County?
About $71,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Cherokee County?
The median effective rate is 0.46% of home value a year (Census ACS 2024 5-year estimates).