Cherokee, AL Real Estate
According to census data in the year 2000 there were 559 housing units in Cherokee.
This represents a 11.7% decline from 633 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 559 were located in what is classified as a rural area.
Homeownership rate in Cherokee is about 77.4%.
Cherokee's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Cherokee were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3% |
| Two Bedrooms | 34% |
| Three Bedrooms | 53.70% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $54,300 |
| Median Price asked for vacant units | $20,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.90% |
| Home Equity Loan | 3.80% |
| Simple Mortgage | 43.80% |
| Debt Free | 51.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
