The story of this market
The typical home in Cherokee County, North Carolina sells for about $370,000, or $205 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 74 days to sell, which is slow. Over the long run, values in this county have grown 92% since 2000. Last year 5 of 11 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,012 a month.
HUD sets the fair market rent for a 2-bedroom at $1,012 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+18.7%). Worst: 2010 (-13.8%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.7%
NC · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,343
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 11 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
56
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $14,960,674.
Mortgage activity
Home lending in this county
75.4%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1650 | 833 | 75.4% | 2.7% | $165,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Cherokee County, North Carolina
The Cherokee County housing market is currently experiencing stable growth with a modest year-over-year price increase. Inventory levels remain balanced relative to demand, though the market is characterized by longer days on market compared to urban centers. Buyers are finding a competitive environment where homes typically sell slightly below the asking price.
17 distress filing(s) on the ARED verified county foreclosure ledger. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 3 cities · 3 ZIP reports
Median prices moved up 15.5% year over year.
Homes spend a median of 73 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 68.53% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 12.4% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Cherokee County, North Carolina — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Oct 8
researched Oct 8
researched Sep 16
| 28901 | Andrews | $324,000 | $204 | +1.2% | 88 | — | — | — | 76 | $712 | researched Oct 8 |
| 28905 | Marble | $273,000 | $284 | — | 55 | — | — | — | — | $1,012 | researched Oct 8 |
| 28906 | Murphy | $352,400 | $243 | +21.6% | 72 | 97% | — | — | 729 | $797 | researched Sep 16 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Cherokee County remain generally low compared to state and national averages, with rural characteristics contributing to a stable safety profile.
Public education is provided by the Cherokee County Schools district, which serves the local population with a focus on community-integrated learning.
The county faces typical Appalachian regional risks, including potential for localized flooding in low-lying areas and wildfire risks in heavily forested zones.
Economic momentum is driven by tourism, healthcare, and small-scale manufacturing, with limited large-scale industrial development currently reported.
Property taxes are assessed by the county based on the fair market value of real property, with rates set annually by the Board of Commissioners to fund local services.
The economy is anchored by healthcare services, such as Erlanger Western Carolina Hospital, and a robust tourism sector leveraging the county's natural beauty.
Transportation is primarily served by US Highway 64 and US Highway 19/74, which act as the main corridors for regional connectivity.
The county tax office conducts periodic revaluations to ensure property assessments align with current market values.
The county is served by the Cherokee County Schools district and various local utility providers for water and sewer services.
Property insurance premiums are influenced by the region's wildfire risk and mountainous topography, requiring standard coverage for rural residential structures.
- Fields of the Wood4.810.8 mi
- Tank Town USA4.918.1 mi
- The Lilly Pad Village4.525.4 mi
- Escape Blue Ridge4.522.7 mi
- Bear Creek Adventures Mini Golf and Gem Mine4.87.3 mi
- Fontana Village Resort & Marina4.325.8 mi
- Georgia Mountain Fair Inc4.519 mi
- Bear Claw Vineyards & Winery, Inc.4.624 mi
- Crane Creek Vineyards4.814.4 mi
- The Dogwood4.423.1 mi
- Andrews Valley Rail Tours4.914.6 mi
- Bald River Falls4.916 mi
- Fields of the Wood4.810.8 mi
- Joyce Kilmer Memorial Forest4.818.5 mi
- Ron Henry Horseshoe Bend Park4.819.5 mi
- EXPEDITION:BIGFOOT! The Sasquatch Museum4.628 mi
- Fields of the Wood4.810.8 mi
- Cherokee Historical Museum4.62.4 mi
- Ducktown Basin Museum4.718.8 mi
- Reece Farm & Heritage Center4.824.5 mi
- Joyce Kilmer Memorial Forest4.818.5 mi
- Ron Henry Horseshoe Bend Park4.819.5 mi
- Meeks Park4.817.7 mi
- Murphy River Walk4.72.3 mi
- Project Chimps4.716.3 mi
- Lake Blue Ridge Marina4.720.9 mi
- Fontana Village Marina4.727.1 mi
- Boundary Waters Resort & Marina4.719.4 mi
- Margarita Jack's Marina & RV4.519.2 mi
- Lakes End Boat Rentals and Marina524.4 mi
- Brasstown Valley Resort & Spa4.516.7 mi
- Butternut Creek Golf Course4.417.3 mi
- Old Union Golf Course4.412.4 mi
- Mountain Harbour Golf Club4.419.1 mi
- Copper Basin Golf Club4.516.3 mi
- Ingles Market4.517 mi
- Ingles Markets4.53 mi
- Ingles Markets4.414.8 mi
- Ingles Market4.214 mi
- Deckers Flea Market3.96.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major reservoir offering boating, fishing, and scenic recreation opportunities for residents and tourists.
Provides extensive hiking trails, camping, and outdoor adventure access across the county's mountainous terrain.
Data retrieved from US Census Bureau QuickFacts and Census Reporter.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
applies when — Applies to parcels where the title holder has created or is subject to recorded easements, restrictions, or conditions.
Imposes binding limitations on the use, development, or maintenance of the parcel as defined in the recorded instrument.
N.C. Gen. Stat. § 39-6.4
A tax lien attaches to all real property, taking priority over all other liens and encumbrances regardless of when they were created.
N.C. Gen. Stat. § 105-355
applies when — Applies to parcels governed by a Homeowners' Association (Chapter 47F) or Condominium Association (Chapter 47C) where assessments remain unpaid.
Associations may file a claim of lien and foreclose in a manner similar to a mortgage under power of sale, or through a civil action.
N.C. Gen. Stat. § 47F-3-116 and § 47C-3-116
Allows for non-judicial foreclosure, though it requires a hearing before the Clerk of Superior Court to authorize the sale. Borrowers are entitled to a pre-foreclosure notice at least 45 days prior to the filing of a notice of hearing for primary residences.
N.C. Gen. Stat. Chapter 45, Article 2A and Article 11
Tax is calculated by multiplying the assessed value of the property by the combined state and local tax rate. The formula is: Tax = (Assessed Value / 100) * Tax Rate. Assessment is based on the true value in money, with counties required to conduct revaluations at least every eight years.
N.C. Gen. Stat. Chapter 105, Article 12 (2025)
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.