Cherokee, IA Real Estate
According to census data in the year 2000 there were 2,567 housing units in Cherokee.
This represents a 3.6% decline from 2,663 in 1990.
Of those housing units, 2,343 were located in either urbanized areas or urban clusters, and 224 were located in what is classified as a rural area.
Homeownership rate in Cherokee is about 68.8%.
Cherokee's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.16 people.
The majority of houses, apartments or condos in Cherokee were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 15% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 30.70% |
| Four Bedrooms | 17.50% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $54,500 |
| Median Price asked for vacant units | $61,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $230 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 2.30% |
| Simple Mortgage | 39.20% |
| Debt Free | 51.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
