Housing data for Cherry Valley Township, MI
Cherry Valley Township, MI has an estimated 463 residents and 507 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Lake County.
5.5% of households rent.
The median gross rent is $794 a month.
Figures last updated on .
- Residents
- 463 (±104)
- Housing units
- 507 (±73)
- Households that rent
- 5.5%
- Median gross rent
- $794
- Residents since 2015–2019
- +18.4%
What stands out in Cherry Valley Township
Households that rent: 5.5% (±4.6 points) in Cherry Valley Township, lower than in Lake County (18.0%).
Median real estate taxes: $1,138 (±$290) in Cherry Valley Township, lower than in Lake County ($1,456).
Homes heated by fuel oil: 0.9% (±1.2 points) in Cherry Valley Township, lower than in Lake County (2.9%).
Homes built before 1980: 47.4% (±8.9 points) in Cherry Valley Township, lower than in Lake County (57.0%).
- Property taxes in Cherry Valley Township
- Heating fuel in Cherry Valley Township
- Age of homes in Cherry Valley Township
Housing in Cherry Valley Township at a glance
- Median rent: $794 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 27.3% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 5.5% of households rent (Small sample: wide margin of error)
- Income and affordability: $53,750 median household income
- Home values: $117,200 median home value
- Homeowner costs: $1,063 median monthly cost with a mortgage
- Property taxes: $1,138 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 31.7% of homes have 3 or more bedrooms
- Age of homes: 47.4% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 38.8% heat with propane
- Commute and cars: 35.3 minutes average trip to work (Small sample: wide margin of error)
- Growth: +18.4% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 24.6% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 2.8% of homes have more than 1 person per room (Small sample: wide margin of error)
Cherry Valley Township against Lake County, its state and the nation
| Cherry Valley Township | Lake County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 463 (±104) | 12,563 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 507 (±73) | 13,461 (±70) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 5.5% (±4.6 points) | 18.0% (±2.7 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $794 (±$476) | $875 (±$90) | $1,129 (±$4) | $1,413 |
| Median household income | $53,750 (±$15,695) | $50,805 (±$2,404) | $72,875 (±$293) | $80,734 |
| Median home value | $117,200 (±$19,367) | $133,900 (±$9,291) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $1,138 (±$290) | $1,456 (±$63) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 47.4% (±8.9 points) | 57.0% (±2.6 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 35.3 minutes (±9.6) | 34.0 minutes (±2.3) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 81.7% (±5.7 points) | 81.2% (±1.9 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 58.5 years (±5.1) | 50.5 years (±0.4) | 40.2 years (±0.1) | 38.9 years |
Cherry Valley Township covers 35.6 square miles of land, about 13 residents per square mile (Census Bureau Gazetteer).
How Cherry Valley Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 391 (±76) | 463 (±104) | +18.4% | Not a measurable change |
| Housing units | 522 (±43) | 507 (±73) | −2.9% | Not a measurable change |
| Median gross rent | $763 (±$450) | $794 (±$476) | +4.1% | No measurable change after inflation |
| Median home value | $82,900 (±$12,168) | $117,200 (±$19,367) | +41.4% | No measurable change after inflation |
| Median household income | $41,250 (±$9,753) | $53,750 (±$15,695) | +30.3% | No measurable change after inflation |
| Median owner cost with a mortgage | $900 (±$96) | $1,063 (±$228) | +18.1% | No measurable change after inflation |
| Median real estate taxes | $964 (±$193) | $1,138 (±$290) | +18.0% | No measurable change after inflation |
| Households that rent | 9.3% (±6.3 points) | 5.5% (±4.6 points) | −3.8 percentage points | Not a measurable change |
| Rental vacancy rate | 25.0% (±28.0 points) | 0.0% (±82.3 points) | −25.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Cherry Valley Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 49642 | 31% | 985 | $763 | $116,100 | $26,950 |
| 49623 | 27% | 986 | $725 | $132,900 | $60,147 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Cherry Valley Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Webber Township | 5.8 mi | $643 | $108,500 | 35.0% |
| Pinora Township | 6.1 mi | $780 | $123,900 | 8.3% |
| Yates Township | 6.3 mi | — | $132,600 | 21.3% |
| Baldwin | 6.4 mi | $628 | $106,300 | 58.8% |
| Luther | 7.1 mi | $1,054 | $102,300 | 25.0% |
| Peacock Township | 7.8 mi | $1,025 | $144,200 | 6.1% |
| Ellsworth Township | 8.3 mi | $1,057 | $131,300 | 15.6% |
| Pleasant Plains Township | 8.4 mi | $886 | $103,500 | 25.1% |
Places in Michigan most like Cherry Valley Township
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Oliver Township (Kalkaska County) | $825 | $147,800 | $54,375 | 6.5% |
| Big Prairie Township | $950 | $143,500 | $53,289 | 8.2% |
| Pinora Township | $780 | $123,900 | $63,289 | 8.3% |
| Sweetwater Township | $725 | $165,300 | $50,833 | 4.3% |
| Billings Township | $671 | $166,300 | $53,899 | 8.2% |
| Eden Township (Lake County) | $910 | $162,500 | $58,750 | 9.0% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Cherry Valley Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $763 | $817 | $1,069 | $1,418 | $1,775 |
HUD income limits for Cherry Valley Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $17,600 | $29,300 | $46,850 |
| 2 people | $21,640 | $33,450 | $53,550 |
| 3 people | $27,320 | $37,650 | $60,250 |
| 4 people | $33,000 | $41,800 | $66,900 |
| 5 people | $38,680 | $45,150 | $72,300 |
| 6 people | $44,360 | $48,500 | $77,650 |
| 7 people | $50,040 | $51,850 | $83,000 |
| 8 people | $55,200 | $55,200 | $88,350 |
These are the limits HUD sets for its housing programs in the Lake County, MI, where HUD’s median family income for fiscal year 2026 is $62,600.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cherry Valley Township
What is the median household income in Cherry Valley Township?
The median household income in Cherry Valley Township is $53,750 (±$15,695) a year (2020–2024 American Community Survey).
What is the average home value in Cherry Valley Township, MI?
The Census Bureau publishes the median: $117,200 (±$19,367) for owner-occupied homes in Cherry Valley Township (2020–2024 American Community Survey).
What is the average mortgage payment in Cherry Valley Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Cherry Valley Township, MI is $1,063 (±$228) a month, including taxes, insurance and utilities.
How much are property taxes in Cherry Valley Township?
The median real estate tax paid by homeowners in Cherry Valley Township, MI is $1,138 (±$290) a year (2020–2024 American Community Survey).
How many homes are in Cherry Valley Township?
Cherry Valley Township, MI has an estimated 507 (±73) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Cherry Valley Township?
The most common size is 2 bedrooms, 38.3% of homes in Cherry Valley Township, MI.
Is Cherry Valley Township growing?
In Cherry Valley Township, the number of residents went from 391 in 2015–2019 to 463 in 2020–2024 (+18.4%), not a measurable change.
What ZIP codes are in Cherry Valley Township?
The ZIP codes that cover Cherry Valley Township are 49642, 49623.
What is the median rent in ZIP code 49642?
The median gross rent in ZIP Code Tabulation Area 49642 is $763 (±$464) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Cherry Valley township, Lake County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cherry Valley township, Lake County, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cherry Valley township, Lake County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Cherry Valley township, Lake County, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Cherry Valley township, Lake County, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Cherry Valley township, Lake County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cherry Valley township, Lake County, Michigan
- HUD Fair Market Rents, fiscal year 2027: Lake County, MI
- HUD Income Limits, fiscal year 2026: Lake County, MI
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Cherry Valley township, Lake County, Michigan (county subdivision:15100, in state:26 county:085).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .