Market Overview
Home Prices in Cherokee Village, AR
The median home value in Cherokee Village, AR is $149,704 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and down 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cherokee Village are priced63% below average. Cherokee Village is part of the Batesville, AR metro area.
Over the past five years, Cherokee Village home values have risen by approximately10.3%, reflecting steady appreciation in this market.
Price History
Cherokee Village Home Price Trend
City Comparison
Cherokee Village vs. National Median
At $149,704, homes in Cherokee Village cost 63% below the national median of $410,000. This makes Cherokee Village a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cherokee Village?
20% Down Payment
$29,941
on $149,704
Monthly P&I
$781/mo
30-yr @ 6.8%
Total Monthly Est.
~$992/mo
incl. taxes & insurance
Income Needed
$39,680
gross annual (30% rule)
10% Down Option
$14,970
+ PMI applies
Loan Amount (20% dn)
$119,763
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cherokee Village, AR?
The median home value in Cherokee Village is $149,704 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Cherokee Village?
Over the past year, home values in Cherokee Village have increased by 0%. Over five years, prices have risen approximately 10.3%.
How much do I need to earn to buy a home in Cherokee Village?
To comfortably afford the median home price of $149,704 with a 20% down payment ($29,941) at today's rates (6.8%), you'd need a gross annual income of approximately $39,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Cherokee Village compare to the national average home price?
The national median home value is approximately $410,000. At $149,704, homes in Cherokee Village are 63% below the national average.
What metro area is Cherokee Village part of?
Cherokee Village is part of the Batesville, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.