Cherry, NC

Rent in Cherry

Median Gross Rent

$1,693

Rent-to-Income Ratio

38.0%

Renter Share

48.9%

Median Renter Income

$50,781

Avg Household Size

1.6

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

No Bedroom: $1,598
1 Bedroom: $1,669
2 Bedrooms: $1,710

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 18.0%
$1,000-$1,500: 12.2%
$1,500-$2,000: 49.5%
$2,000-$2,500: 11.1%
$2,500+: 7.7%
No Cash Rent: 1.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 18.0%
20-30% (moderate): 17.7%
30-50% (cost-burdened): 37.6%
50%+ (severely cost-burdened): 20.6%
Not Computed: 6.1%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $162,361
Renter Households: $50,781

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 25.1%
$1,000-$1,500: 7.4%
$1,500-$2,000: 49.2%
$2,000-$2,500: 13.0%
$2,500+: 3.7%
No Cash Rent: 1.6%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources