Cherry Valley, NY
Full City Profile · New York · Montgomery County County
4.5
/5.0
A+
Excellent
543
Population
1,065/sq mi density
$85,833
Median Income
$33,695 per capita
$174,600
Home Value
$214,529 Zillow
$725
Median Rent
34.2% income on rent
45°F
Avg Temperature
A+
Overall
4.5 / 5.0
Strong
A
Economy
4.1 / 5.0
$85,833 median income, 4.9% unemployment
A+
Affordability
5.0 / 5.0
$174,600 home value, $725/mo rent
A+
Education
4.5 / 5.0
43.9% bachelor's degree or higher
Housing Overview
Median Home Value
$174,600
38% below
US avg: $281,900
Median Rent
$725/mo
38% below
US avg: $1,163/mo
Homeownership Rate
88.1%
35% above US avg (65.4%)
Total Housing Units
253
Median year built: 1938
Home Value by Source
Census Median
$174,600
Zillow (ZHVI)
$214,529
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.1%
Owner-Occupied
11.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent:
$725/mo
Affordability & Housing Stock
Rent Burden
34.2%
of renters spending 30%+ of income on housing
10% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
88.1%
Complete Housing Data
Home Values
| Census Median Value | $174,600 |
| Zillow Home Value (ZHVI) | $214,529 |
Rent
| Census Median Rent | $725 |
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
Ownership & Stock
| Owner-Occupied | 88.1% |
| Renter-Occupied | 11.9% |
| Homeownership Rate | 88.1% |
| Total Housing Units | 253 |
| Median Year Built | 1938 |
| Rent Burden | 34.2% |