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Cherry Valley, AR Real Estate


According to census data in the year 2000 there were 303 housing units in Cherry Valley. This represents a 2.4% growth from 296 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 303 were located in what is classified as a rural area.

Homeownership rate in Cherry Valley is about 71.2%. Cherry Valley's vacancy rate, including seasonal lodging, is about 9.6%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Cherry Valley were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom3.30%
Two Bedrooms38.30%
Three Bedrooms51.80%
Four Bedrooms4.30%
Five Bedrooms or more0.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1970
Median Value of occupied units$42,700
Median Price asked for vacant units$15,000

Rented Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1975
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.70%
Home Equity Loan0%
Simple Mortgage50.70%
Debt Free48.60%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs14.2%