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Housing Affordability in Cherryville, NC
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 31.1%
- North Carolina 28.8%
- Renters paying 30%+
- 42.6%
- North Carolina 48.9%
- Homeowners paying 30%+
- 26.3%
- North Carolina 19.5%
- Owner costs with a mortgage
- $1,433/mo
- North Carolina $1,631/mo
Cherryville has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more28242.6%
- Homeowners paying 30% or more41826.3%
- Renters paying 50% or more25137.9%
- Median rent as a share of income: 19.6%
- Median owner costs as a share of income, with a mortgage: 25.6%
- Median owner costs without a mortgage: $463/mo
- Median home value divided by median household income: 3.3
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Cherryville, NC | 31.1% | 42.6% | 26.3% | 19.6% |
| Gaston County | 30.8% | 50.6% | 21.6% | 30.3% |
| North Carolina | 28.8% | 48.9% | 19.5% | 29.5% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Cherryville, NC?
- In Cherryville, NC, 31.1% of households spend 30% or more of their income on housing costs.
- How does Cherryville compare with North Carolina?
- The households paying 30%+ for housing in Cherryville is 31.1%, compared with 28.8% for North Carolina as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates