Cherry Valley, AR
Population 661 · Arkansas
About Cherry Valley, AR
Cherry Valley is a small community located in Arkansas with a population of 661 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,156 per year, which is 47% below the national median of $75,149. The median age of 39.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cherry Valley features a median home value of $79,100, which is 68% below the national median of $244,900. This makes Cherry Valley one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $875, 25% below the national average of $1,163/month. Of the 283 total housing units, 64% are owner-occupied (146 units) and 36% are renter-occupied (81 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cherry Valley shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cherry Valley have an average one-way commute time of 28.5 minutes.
Education & Demographics
7.1% of Cherry Valley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.6% White, 9.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Cherry Valley, AR
Compared to national averages, Cherry Valley has a median household income of $40,156 (47% below the national median of $75,149). Home values average $79,100, which is 68% below the national median. Monthly rent at $875 is 25% below the US average of $1,163. Within Arkansas, Cherry Valley's income is 23% below the state average of $52,241, and home values are 37% below the state median of $125,457.
Why Live in Cherry Valley, AR?
Cherry Valley offers affordable housing with a median home value of $79,100, below the US average of $244,900, and rent that’s lower than the national average at $875/month, and a strong job market with an unemployment rate of just 3.0%. Additionally, the city features a low poverty rate of 11.2%, better than the national average.
Potential considerations include median household income ($40,156) that falls below the national average. However, Cherry Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cherry Valley has a population of 661 with a median age of 39.4 years. Compare Cherry Valley with other cities to see how it stacks up, or explore all cities in Arkansas.
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Cities in Arkansas with a similar population size.
Demographics
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Economy & Education
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Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Cherry Valley
What is the population of Cherry Valley, AR?
The population of Cherry Valley, AR is 661 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Arkansas.
What is the median household income in Cherry Valley?
The median household income in Cherry Valley, AR is $40,156 per year, which is 47% below the national median of $75,149.
What is the median home value in Cherry Valley?
The median home value in Cherry Valley, AR is $79,100, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cherry Valley?
The median monthly rent in Cherry Valley, AR is $875, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Cherry Valley?
The unemployment rate in Cherry Valley, AR is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cherry Valley, AR a good place to live?
Cherry Valley offers a moderate cost of living, affordable housing, and a strong job market. With a population of 661 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Cherry Valley, AR?
7.1% of residents in Cherry Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cherry Valley?
Key cost-of-living indicators for Cherry Valley, AR: median home value is $79,100 (68% below national), median rent is $875/month, and median household income is $40,156. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cherry Valley?
The poverty rate in Cherry Valley, AR is 11.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cherry Valley, AR?
Cherry Valley's population is 0.6% White, 9.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 4.5% two or more races. 1.1% of residents are foreign-born.