salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (84.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $32,400 a year. That is $16 an hour at a full-time job.
Is rent cheaper than other Arkansas cities?
Yes. Rent here is cheaper than in most of Arkansas. It is number 14 of 71 cities from cheapest to most expensive.
How much do households earn in Cherokee Village?
Share of households by yearly income. 9.3% of households earn $100,000 or more.
Rent by apartment size in Cherokee Village
| Size | Cherokee Village | U.S. average |
|---|---|---|
| 2 bedrooms | $680 | $1,509 |
| 3 bedrooms | $1,317 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cherokee Village overall?
Everyday prices in Arkansas overall are 13% below the U.S. average (index 86.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cherokee Village, so the Arkansas figure is shown.
Taxes and bills in Cherokee Village
Life in Cherokee Village
Is it cheaper to rent or buy in Cherokee Village?
Buying is cheaper month to month: about $154 a month less than renting.
Owning assumes a typical $94,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,460 for the down payment.
Frequently asked questions
What is the average rent in Cherokee Village, AR?
Renting in Cherokee Village costs a median of about $810 a month in 2026, including utilities. The Arkansas median is $1,068.
How much do I need to make to live in Cherokee Village?
To keep rent under 30% of income, you need about $32,400 a year, or $16 an hour at a full-time job.
Is Cherokee Village cheap or expensive?
Cherokee Village is rated OK: rent takes 24.1% of the typical household income of $40,256. It ranks 14th cheapest of 71 Arkansas cities we track.
How much are property taxes in Cherokee Village?
The median homeowner in Cherokee Village pays $718 a year in property taxes, about 0.76% of the median home value.
Is Cherokee Village more expensive than the national average?
Overall prices in Arkansas are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Cherokee Village?
The median home value in Cherokee Village is $94,600, about 2.3 times the typical yearly household income.
5,046 people live in Cherokee Village. Numbers are typical (middle) values.