Cherry Valley, CA
Population 7,302 · California
About Cherry Valley, CA
Cherry Valley is a small town located in California with a population of 7,302 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,125 per year, which is 4% above the national median of $75,149. The median age of 55.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cherry Valley features a median home value of $358,000, which is 46% above the national median of $244,900. This positions Cherry Valley in a moderately priced market relative to the rest of the country. Median monthly rent is $1,380, 19% above the national average of $1,163/month. Of the 2,968 total housing units, 85% are owner-occupied (2,341 units) and 15% are renter-occupied (412 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cherry Valley shows an unemployment rate of 13.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Cherry Valley have an average one-way commute time of 35.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
21.6% 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 27.3% White, 2.3% Hispanic or Latino, 0.1% Black or African American, and 3.8% Asian residents, with 13.0% of the population being foreign-born.
Cost of Living in Cherry Valley, CA
Compared to national averages, Cherry Valley has a median household income of $78,125 (4% above the national median of $75,149). Home values average $358,000, which is 46% above the national median. Monthly rent at $1,380 is 19% above the US average of $1,163. Within California, Cherry Valley's income is 20% below the state average of $97,829, and home values are 45% below the state median of $653,874.
Why Live in Cherry Valley, CA?
Cherry Valley offers a strong local economy with a median household income of $78,125, well above the national average.
Cherry Valley has a population of 7,302 with a median age of 55.1 years. Compare Cherry Valley with other cities to see how it stacks up, or explore all cities in California.
Similar Cities Near Cherry Valley
Cities in California with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mira Monte | 7,301 | $77,900 | $827,300 | Compare |
| Heber | 7,308 | $75,664 | $284,300 | Compare |
| Ladera Heights | 7,249 | $153,403 | $1,593,500 | Compare |
| Oroville East | 7,369 | $86,932 | $381,900 | Compare |
| Mammoth Lakes | 7,233 | $87,121 | $657,000 | Compare |
| Gridley | 7,372 | $57,860 | $297,700 | Compare |
| Taft | 7,228 | $64,479 | $246,400 | Compare |
| San Martin | 7,199 | $156,292 | $1,315,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in California
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cherry Valley With Other Cities
Frequently Asked Questions about Cherry Valley
What is the population of Cherry Valley, CA?
The population of Cherry Valley, CA is 7,302 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in California.
What is the median household income in Cherry Valley?
The median household income in Cherry Valley, CA is $78,125 per year, which is 4% above the national median of $75,149.
What is the median home value in Cherry Valley?
The median home value in Cherry Valley, CA is $358,000, which is 46% above 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, CA is $1,380, which is 19% above the national average of $1,163/month.
What is the unemployment rate in Cherry Valley?
The unemployment rate in Cherry Valley, CA is 13.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cherry Valley, CA a good place to live?
Cherry Valley offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,302 and a median age of 55.1, the city appeals to established professionals and retirees.
How educated is Cherry Valley, CA?
21.6% 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, CA: median home value is $358,000 (46% above national), median rent is $1,380/month, and median household income is $78,125. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Cherry Valley?
The poverty rate in Cherry Valley, CA is 13.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Cherry Valley, CA?
Cherry Valley's population is 27.3% White, 2.3% Hispanic or Latino, 0.1% Black or African American, 3.8% Asian, and 3.5% two or more races. 13.0% of residents are foreign-born.