Market Overview
Home Prices in Cherryville, NC
The median home value in Cherryville, NC is $255,282 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cherryville are priced38% below average. Cherryville is part of the Charlotte-Concord-Gastonia, NC-SC metro area.
Over the past five years, Cherryville home values have risen by approximately32.9%, reflecting strong long-term appreciation in this market.
Price History
Cherryville Home Price Trend
City Comparison
Cherryville vs. National Median
At $255,282, homes in Cherryville cost 38% below the national median of $410,000. This makes Cherryville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cherryville?
20% Down Payment
$51,056
on $255,282
Monthly P&I
$1,331/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,690/mo
incl. taxes & insurance
Income Needed
$67,600
gross annual (30% rule)
10% Down Option
$25,528
+ PMI applies
Loan Amount (20% dn)
$204,226
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 Cherryville, NC?
The median home value in Cherryville is $255,282 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Cherryville?
Over the past year, home values in Cherryville have increased by 1.6%. Over five years, prices have risen approximately 32.9%.
How much do I need to earn to buy a home in Cherryville?
To comfortably afford the median home price of $255,282 with a 20% down payment ($51,056) at today's rates (6.8%), you'd need a gross annual income of approximately $67,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Cherryville compare to the national average home price?
The national median home value is approximately $410,000. At $255,282, homes in Cherryville are 38% below the national average.
What metro area is Cherryville part of?
Cherryville is part of the Charlotte-Concord-Gastonia, NC-SC metropolitan area. Home prices and market conditions can vary across the broader metro region.