Cherry Valley, NY
Population 543 · New York
About Cherry Valley, NY
Cherry Valley is a small community located in New York with a population of 543 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,833 per year, which is 14% above the national median of $75,149. The median age of 37.3 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 $174,600, which is 29% below 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 $725, 38% below the national average of $1,163/month. Of the 262 total housing units, 88% are owner-occupied (141 units) and 12% are renter-occupied (19 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cherry Valley shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 9.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cherry Valley have an average one-way commute time of 22.1 minutes.
Education & Demographics
43.9% of Cherry Valley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.6% Hispanic or Latino, 1.1% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Cherry Valley, NY
Compared to national averages, Cherry Valley has a median household income of $85,833 (14% above the national median of $75,149). Home values average $174,600, which is 29% below the national median. Monthly rent at $725 is 38% below the US average of $1,163. Within New York, Cherry Valley's income is 12% below the state average of $96,987, and home values are 55% below the state median of $387,181.
Why Live in Cherry Valley, NY?
Cherry Valley offers a strong local economy with a median household income of $85,833, well above the national average, and affordable housing with a median home value of $174,600, below the US average of $244,900, and rent that’s lower than the national average at $725/month. Additionally, the city features a well-educated community where 43.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.2%, better than the national average, and short commute times averaging just 22.1 minutes.
Cherry Valley has a population of 543 with a median age of 37.3 years. Compare Cherry Valley with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Cherry Valley
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cragsmoor | 542 | $77,467 | $236,800 | Compare |
| Brushton | 545 | $52,120 | $105,400 | Compare |
| Fillmore | 540 | $64,643 | $88,600 | Compare |
| Morris | 546 | $81,875 | $163,800 | Compare |
| Odessa | 540 | $81,333 | $159,100 | Compare |
| Shorehaven | 540 | $166,836 | $448,600 | Compare |
| East Durham | 547 | $80,341 | $0 | Compare |
| Jacksonville | 539 | $60,000 | $190,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Cherry Valley, NY is 543 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Cherry Valley?
The median household income in Cherry Valley, NY is $85,833 per year, which is 14% above the national median of $75,149.
What is the median home value in Cherry Valley?
The median home value in Cherry Valley, NY is $174,600, which is 29% 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, NY is $725, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Cherry Valley?
The unemployment rate in Cherry Valley, NY is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cherry Valley, NY a good place to live?
Cherry Valley offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 543 and a median age of 37.3, the city appeals to a broad range of residents.
How educated is Cherry Valley, NY?
43.9% of residents in Cherry Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cherry Valley?
Key cost-of-living indicators for Cherry Valley, NY: median home value is $174,600 (29% below national), median rent is $725/month, and median household income is $85,833. 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, NY is 9.2%, 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, NY?
Cherry Valley's population is 0.0% White, 0.6% Hispanic or Latino, 1.1% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.