Much like other places in this area, it's substantially less expensive compared to the rest of the country. Compared to the city of Memphis, it is substantially less expensive.
Home prices
The median home in Cherry Valley costs $67,500. It is roughly $1,520 (2%) higher in comparison to its nearby areas.It is approximately $150,000 (68%) lower in comparison to the rest of the nation, and is roughly $34,300 (33%) lower in comparison to the city of Memphis.
Rents
The median monthly rent in Cherry Valley is $823. In comparison to its surrounding areas it is approximately $259 (45%) higher.Compared to the rest of the nation it is approximately $239 (22%) lower, and is roughly $78 (8%) lower in comparison to the city of Memphis.
Nearby places
Harrisburg
Harrisburg is approximately 11 miles north of Cherry Valley. The housing prices there are somewhat more expensive. The median home price in Harrisburg is $74,700, which comes out to $7,200 (9%) higher than Cherry Valley. Rents there are a little less expensive. The median rent in Harrisburg is $661 a month, which comes out to $162 (24%) lower than Cherry Valley.
Hickory Ridge
Hickory Ridge is about 11 miles west of Cherry Valley. The real estate prices there are a lot less expensive. The value of the median home in Hickory Ridge is $47,600, which comes out to $19,900 (41%) lower than Cherry Valley. Rents there are substantially less expensive. In Hickory Ridge the median rent is $458 per month, which is $365 (79%) lower than Cherry Valley.
Wynne
Wynne is about 12 miles south from Cherry Valley. Its real estate prices are a bit more expensive. The value of the median home in Wynne is $89,900, which works out to $22,400 (24%) higher than Cherry Valley. Rent there is a bit less expensive. Wynne's median monthly rent is $728, which comes out to $95 (13%) lower than Cherry Valley.
Fisher
Fisher is roughly 12 miles northwest from Cherry Valley. Real estate prices there are pretty similar. The value of the median home in Fisher is $69,000, which is $1,500 (2%) higher than Cherry Valley. The rent there is substantially less expensive. Fisher's median rent is $526 a month, which works out to $297 (56%) lower than Cherry Valley.
Parkin
Parkin is roughly 14 miles southeast of Cherry Valley. Its housing prices are a lot less expensive. Parkin's median home cost is $48,700, which comes out to $18,800 (38%) lower than Cherry Valley. Its rents are significantly less expensive. Parkin's median rent is $447 per month, which works out to $376 (84%) lower than Cherry Valley.
