What is the median home value in the Village of Cherry Valley, NY?
The median value of owner-occupied homes in the Village of Cherry Valley, NY is $162,200 (±$8,429), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In the Village of Cherry Valley, the median home value went from $159,400 in 2015–2019 to $162,200 in 2020–2024 (+1.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median home value
- $162,200 (±$8,429)
- Owner-occupied homes
- 150 (±39)
- Most common range
- $150,000 to $199,999
Home values in the Village of Cherry Valley
| Value | Village of Cherry Valley | Otsego County | New York | United States |
|---|---|---|---|---|
| Less than $50,000 | 3.3% (±4.4 points) | 7.3% | 3.9% | 5.3% |
| $50,000 to $99,999 | 7.3% (±6.0 points) | 11.9% | 5.6% | 6.1% |
| $100,000 to $149,999 | 24.0% (±11.6 points) | 17.1% | 6.7% | 6.8% |
| $150,000 to $199,999 | 49.3% (±14.3 points) | 21.2% | 8.3% | 9.0% |
| $200,000 to $299,999 | 6.7% (±4.6 points) | 19.7% | 13.2% | 17.8% |
| $300,000 to $499,999 | 7.3% (±6.5 points) | 16.4% | 19.7% | 26.9% |
| $500,000 to $999,999 | 2.0% (±2.2 points) | 5.2% | 30.1% | 20.9% |
| $1,000,000 or more | 0.0% (±24.3 points) | 1.1% | 12.6% | 7.1% |
The most common range is $150,000 to $199,999, 49.3% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
The Village of Cherry Valley against Otsego County, its state and the nation
| Village of Cherry Valley | Otsego County | New York | United States | |
|---|---|---|---|---|
| Median home value | $162,200 (±$8,429) | $179,100 (±$5,897) | $423,800 (±$1,627) | $332,700 |
| Owner-occupied homes | 150 (±39) | 17,129 (±444) | 4,196,985 (±19,607) | 84,210,142 |
In the Village of Cherry Valley, the median home value is lower than in Otsego County ($179,100).
It is also lower than in New York ($423,800).
It is lower than the national figure ($332,700).
In Otsego County, the Village of Cherry Valley ranks 5 of 9 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 335 of 530.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in the Village of Cherry Valley have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $159,400 (±$23,974) | $162,200 (±$8,429) | +1.8% | Down after inflation |
| Median owner cost with a mortgage | $1,297 (±$278) | $1,768 (±$380) | +36.3% | No measurable change after inflation |
| Median real estate taxes | $2,392 (±$253) | $2,851 (±$408) | +19.2% | No measurable change after inflation |
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.
Median home value in places near the Village of Cherry Valley
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Village of Cherry Valley | — | $162,200 (±$8,429) | — |
| Town of Cherry Valley | 1.7 mi | $181,100 (±$18,998) | Not measurably different |
| Town of Roseboom | 5.4 mi | $166,700 (±$16,367) | Not measurably different |
| Town of Springfield | 6.3 mi | $239,100 (±$107,125) | Not measurably different |
| Village of Sharon Springs | 7.1 mi | $121,800 (±$20,586) | Lower |
| Town of Sharon | 7.2 mi | $174,600 (±$25,305) | Not measurably different |
| Village of Ames | 8.1 mi | $157,800 (±$13,383) | Not measurably different |
| Town of Canajoharie | 8.4 mi | $137,500 (±$27,571) | Not measurably different |
| Town of Middlefield | 8.8 mi | $316,200 (±$42,961) | Higher |
Nearby places with a measurably lower figure: Village of Sharon Springs, NY ($121,800).
Nearby places with a measurably higher figure: Town of Middlefield, NY ($316,200).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Otsego County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Village of Cooperstown | $380,900 (±$62,009) |
| 2 | Village of Otego | $186,100 (±$19,296) |
| 3 | Village of Morris | $172,500 (±$127,550) |
| 4 | Village of Gilbertsville | $165,000 (±$60,200) |
| 5 | Village of Cherry Valley | $162,200 (±$8,429) |
| 6 | Village of Milford | $152,500 (±$23,984) |
| 7 | Village of Laurens | $139,700 (±$13,014) |
| 8 | Village of Richfield Springs | $132,400 (±$16,205) |
| 9 | Village of Unadilla | $110,800 (±$14,153) |
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 Village of Cherry Valley
What is the average home value in the Village of Cherry Valley, NY?
The Census Bureau publishes the median: $162,200 (±$8,429) for owner-occupied homes in the Village of Cherry Valley (2020–2024 American Community Survey).
Have home values in the Village of Cherry Valley gone up?
In the Village of Cherry Valley, the median home value went from $159,400 in 2015–2019 to $162,200 in 2020–2024 (+1.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Is this what homes in the Village of Cherry Valley sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cherry Valley village, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cherry Valley village, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Cherry Valley village, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Cherry Valley village, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 village, New York (place:15242, in state:36).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
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 .
Related
- Housing in the Village of Cherry Valley at a glance
- Homeowner costs in the Village of Cherry Valley
- Property taxes in the Village of Cherry Valley
- Types of homes in the Village of Cherry Valley
- Age of homes in the Village of Cherry Valley
- Commute and cars in the Village of Cherry Valley
- New York landlord and tenant rules
- Housing across Otsego County
- New York places ranked by median home value
- Housing data for every place in New York