The story of this market
The typical home in Cherokee County, South Carolina sells for about $195,738, or $138 per square foot.
Prices are down 22.3% from a year ago, which gives buyers more room to negotiate. Homes take about 56 days to sell. Over the long run, values in this county have grown 57% since 2000. Last year 5 of 12 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is ice storm, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $885 a month.
HUD sets the fair market rent for a 2-bedroom at $885 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+14.3%). Worst: 2012 (-3.1%). Hover to read a year.
Monthly price momentum
Home values since 2015
-0.3%
SC · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,106
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 12 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
64
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $23,427,745.
Mortgage activity
Home lending in this county
63.8%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1542 | 679 | 63.8% | 3.4% | $125,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Cherokee County, South Carolina
The Cherokee County housing market is currently experiencing a significant correction, with median sale prices falling 22.3% year-over-year to $195,738. The market is characterized as balanced, though rising days on market and declining prices suggest a cooling trend compared to the previous year.
17 distress filing(s) on the ARED verified county foreclosure ledger. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 6 ZIP reports
Median prices moved up 1.8% year over year.
Homes spend a median of 58 days on market with 0.2 months of supply — a fast-moving market.
3% of listings have cut prices · homes sell at 98.25% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 0.0% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 26
researched Sep 26
researched Sep 26
researched Sep 26
researched Sep 26
researched Sep 26
| 29302 | Blacksburg | $288,995 | $165 | +3.2% | 55 | 98.9% | 20% | 3.3 | 1,997 | $1,080 | researched Sep 26 |
| 29340 | Gaffney | $230,000 | $151 | +0.8% | 50 | 98.9% | 42.7% | 3.8 | 1,330 | $798 | researched Sep 26 |
| 29341 | Gaffney | $289,000 | $151 | -3% | 57 | 97.9% | — | 1.2 | 642 | $917 | researched Sep 26 |
| 29342 | Gaffney | $229,875 | $151 | +0.8% | 58 | 98.5% | 47% | 3.2 | 1,967 | $1,600 | researched Sep 26 |
| 29349 | Inman | $268,000 | $149 | +1.9% | 58 | 98.6% | — | — | 1,967 | $1,188 | researched Sep 26 |
| 29355 | Kinards | $229,875 | $151 | +0.8% | 58 | — | — | — | 1,967 | $782 | researched Sep 26 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The local economy is supported by a mix of manufacturing and service sectors, with an unemployment rate of 6.4% as of November 2025.
The rental market shows a median asking rent of $950 per month with a 25.93% year-over-year increase in rental inventory as of February 2026.
The county economy is characterized by a 6.4% unemployment rate and a median individual income of $30,808 as of 2023.
- The Big E Gaffney4.48 mi
- Big Air Trampoline Park4.722.7 mi
- Carolina Arcade Museum4.926.6 mi
- Speed Factory Hi Speed Indoor Karting Spartanburg4.519.1 mi
- Classic Arcade and Pinball Museum4.928.4 mi
- Strawberry Hill USA- PRODUCE SHED4.722 mi
- Spartanburg Memorial Auditorium4.319.2 mi
- Veronét Vineyards & Winery4.723.9 mi
- Cleveland County Fair Association4.319.6 mi
- Golden Corral Buffet & Grill4.122.2 mi
- Kings Mountain State Park4.617.5 mi
- Croft State Park4.716.9 mi
- NCG Cinema - Spartanburg4.516.3 mi
- Cowpens National Battlefield Visitor Center4.714.9 mi
- The Big E Gaffney4.48 mi
- Kings Mountain State Park4.617.5 mi
- Chapman Cultural Center4.818.9 mi
- The Childrens' Museum of the Upstate - Spartanburg4.519.2 mi
- Historic Brattonsville4.726.3 mi
- Carolina Arcade Museum4.926.6 mi
- Kings Mountain State Park4.617.5 mi
- Croft State Park4.716.9 mi
- Glendale Shoals Preserve & Waterfalls4.714.2 mi
- Cleveland Park4.619.9 mi
- Kings Mountain National Military Park4.815.6 mi
- River Bend YMCA Golf Course4.616.5 mi
- The Carolina Country Club4.519.7 mi
- Palmetto Hills Golf Club3.713.3 mi
- Gaffney Outlet Marketplace4.17.8 mi
- Windy Hill Orchard & Cidery4.218.3 mi
- Publix Super Market at Hillcrest Shopping Center4.516.5 mi
- Marshalls4.416.3 mi
- Bush-N-Vine Farm4.719.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Data sourced from US Census Bureau and BLS via Data Commons.
applies when — Parcels located within a development subject to a recorded declaration of covenants, conditions, and restrictions (CC&Rs)
Parcels are bound by the South Carolina Homeowners Association Act, which regulates the governance, assessment collection, and administrative requirements of HOAs. Owners are subject to mandatory assessments and restrictive covenants.
SC Code Title 27, Chapter 30.
South Carolina is a judicial foreclosure state. Foreclosure requires a court action, the filing of a lis pendens, and a court-ordered sale conducted by a master or court officer. The process involves formal notice and judicial oversight of lien priorities.
Governed by South Carolina Rules of Civil Procedure, Rule 71.
Property tax is calculated by multiplying the fair market value by an assessment ratio, then applying the local millage rate. The assessment ratio is 4% for owner-occupied legal residences and 6% for other real property. Exemptions exist for specific categories such as disabled veterans or homesteads for seniors.
SC Code Section 12-43-220; established via state constitutional and statutory authority.
≈ $7,830/yr on a $195,738 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.