Similar to the surrounding areas, it's somewhat more expensive compared to the United States as a whole. Compared to the city of Los Angeles however, it is substantially less expensive.
Home prices
Cherry Valley's median home cost is $276,100. In comparison to the surrounding areas it is about $6,020 (2%) lower.It is approximately $58,600 (26%) higher in comparison to the country as a whole, and compared to the city of Los Angeles it is roughly $360,800 (56%) lower.
Rents
In Cherry Valley the median rent is $969 per month. Compared to its surrounding areas this is roughly $173 (15%) lower.It is approximately $93 (8%) lower compared to the entire country, and is approximately $481 (33%) lower compared to the city of Los Angeles.
Nearby places
Banning
Banning is Cherry Valley's neighbor to the southeast. The real estate prices there are a little less expensive. The price of the median home in Banning is $234,900, which works out to $41,200 (17%) lower than Cherry Valley. Its rents are fairly similar. In Banning the median rent is $1,010 per month, which comes out to $41 (4%) higher than Cherry Valley.
Calimesa
Calimesa is Cherry Valley's neighbor to the west. The real estate prices there are a little less expensive. Calimesa's median home cost is $217,500, which works out to $58,600 (26%) lower than Cherry Valley. Its rents are a little more expensive. Calimesa's median monthly rent is $1,135, which is $166 (14%) higher than Cherry Valley.
Beaumont
Beaumont is Cherry Valley's neighbor to the south. Real estate prices there are a bit more expensive. Beaumont's median home cost is $320,500, which is $44,400 (13%) higher than Cherry Valley. Rent there is a little more expensive. In Beaumont the median monthly rent is $1,320, which is $351 (26%) higher than Cherry Valley.
Yucaipa
Yucaipa is Cherry Valley's neighbor to the northwest. Housing prices there are a bit more expensive. The median home in Yucaipa costs $327,400, which works out to $51,300 (15%) higher than Cherry Valley. Rents there are a little more expensive. In Yucaipa the median rent is $1,180 a month, which is $211 (17%) higher than Cherry Valley.
Mentone
Mentone is roughly 9 miles northwest from Cherry Valley. Its housing prices are a bit more expensive. The median home in Mentone is valued at $310,300, which works out to $34,200 (11%) higher than Cherry Valley. The rent there is somewhat more expensive. Mentone's median rent is $1,067 per month, which is $98 (9%) higher than Cherry Valley.
