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 Type | 1.70% |
| One Bedroom | 3.30% |
| Two Bedrooms | 38.30% |
| Three Bedrooms | 51.80% |
| Four Bedrooms | 4.30% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $42,700 |
| Median Price asked for vacant units | $15,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.70% |
| Home Equity Loan | 0% |
| Simple Mortgage | 50.70% |
| Debt Free | 48.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
