Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 29,197 ↑ 1.5% since 2020 |
| Median Household Income | $51,496 31% below national median |
| Median Home Value | $208,700 |
| Unemployment Rate | 5.3% |
| Median Age | 53.3 years |
| Housing Vacancy Rate | 28.3% |
| Total Land Sales (Past 12 Months) | 198 transactions |
| Active Listings | 198 properties |
| Avg Days on Market | 91 days |
Rural Land Sales (1+ Acres) (Feb 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $11,765 |
| Recent Sales | 161 transactions |
| Avg Days on Market | 91 days |
| Avg Parcel Size | 12.30 acres |
| Active Listings | 163 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 4.95 | $74,500 | $15,051 | Murphy |
| Mar 2026 | 5.00 | $109,000 | $21,800 | Murphy |
| Mar 2026 | 5.00 | $109,000 | $21,800 | Murphy |
| Mar 2026 | 1.29 | $23,500 | $18,217 | Marble |
| Mar 2026 | 1.16 | $46,500 | $40,086 | Murphy |
| Feb 2026 | 1.48 | $25,000 | $16,892 | Murphy |
| Feb 2026 | 17.25 | $185,000 | $10,725 | Murphy |
| Feb 2026 | 1.13 | $35,000 | $30,973 | Andrews |
| Feb 2026 | 5.24 | $45,000 | $8,588 | Murphy |
| Feb 2026 | 6.58 | $21,500 | $3,267 | Murphy |
Suburban/Urban Land Sales (Under 1 Acre) (Jan 2026 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $18,000 |
| Recent Sales | 37 transactions |
| Avg Days on Market | 91 days |
| Avg Parcel Size | 0.80 acres |
| Active Listings | 35 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.34 | $20,000 | Andrews |
| Feb 2026 | 0.97 | $7,000 | Murphy |
| Feb 2026 | 0.97 | $18,000 | Marble |
| Feb 2026 | 0.97 | $18,000 | |
| Feb 2026 | 0.78 | $16,500 | |
| Feb 2026 | 0.88 | $65,000 | |
| Feb 2026 | 0.57 | $22,500 | Murphy |
| Jan 2026 | 0.48 | $260,000 | Murphy |
| Jan 2026 | 0.91 | $10,000 | Murphy |
| Jan 2026 | 0.93 | $30,000 | Andrews |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 29,197 |
| Population (2020) | 28,774 |
| Population Growth | 1.47% |
| Median Household Income | $51,496 |
| Median Home Value | $208,700 |
| Total Housing Units | 18,182 |
| Vacant Housing Units | 5,140 |
| Housing Vacancy Rate | 28.3% |
| Median Age | 53.3 |
| Bachelor's Degree or Higher | 3,666 (12.6%) |
| Unemployment Rate (BLS) | 3.5% |
Market Overview
Cherokee County, North Carolina has a population of 29,197, which has grown 1.47% since 2020. The median household income is $51,496, below the national median of $74,580 by 31.0%. With a median home value of $208,700 and an unemployment rate of 3.5%, the local economy is struggling. The housing vacancy rate of 28.3% suggests soft market conditions. As part of North Carolina, Cherokee County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $11,765 per acre, with properties averaging 12.30 acres. There are currently 198 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Cherokee County, North Carolina?
As of the 2023 American Community Survey, Cherokee County has a population of 29,197. The county has grown 1.47% since the 2020 Census, indicating a growing community.
What is the median household income in Cherokee County?
The median household income in Cherokee County is $51,496, which is 31.0% below the national median of $74,580.
Is Cherokee County growing or shrinking?
Cherokee County is growing. The population has increased 1.47% since 2020.
What is the housing market like in Cherokee County?
The median home value in Cherokee County is $208,700. The housing vacancy rate is 28.3%, which suggests soft market conditions. The unemployment rate is 3.5%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $11,765 per acre. Suburban/urban lots under 1 acre have a median lot price of $18,000.
Does Reelvest buy land in Cherokee County, North Carolina?
Yes! Reelvest Properties buys vacant land throughout North Carolina, including Cherokee County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.