Cherryvale, SC
Population 3,136 · South Carolina
About Cherryvale, SC
Cherryvale is a small town located in South Carolina with a population of 3,136 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,563 per year, which is 45% below the national median of $75,149. The median age of 24.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Cherryvale features a median home value of $91,000, which is 63% below the national median of $244,900. This makes Cherryvale one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $950, 18% below the national average of $1,163/month. Of the 1,537 total housing units, 42% are owner-occupied (554 units) and 58% are renter-occupied (772 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Cherryvale shows an unemployment rate of 23.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.2%, above the national average of 12.4%. Workers in Cherryvale have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
11.8% of Cherryvale 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 0.5% White, 1.0% Hispanic or Latino, 0.4% Black or African American, and 2.1% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Cherryvale, SC
Compared to national averages, Cherryvale has a median household income of $41,563 (45% below the national median of $75,149). Home values average $91,000, which is 63% below the national median. Monthly rent at $950 is 18% below the US average of $1,163. Within South Carolina, Cherryvale's income is 29% below the state average of $58,738, and home values are 55% below the state median of $202,187.
Why Live in Cherryvale, SC?
Cherryvale offers affordable housing with a median home value of $91,000, below the US average of $244,900, and rent that’s lower than the national average at $950/month, and short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($41,563) that falls below the national average. However, Cherryvale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cherryvale has a population of 3,136 with a median age of 24.9 years. Compare Cherryvale with other cities to see how it stacks up, or explore all cities in South Carolina.
Similar Cities Near Cherryvale
Cities in South Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Denmark | 3,141 | $33,100 | $73,000 | Compare |
| Clearwater | 3,124 | $50,669 | $156,500 | Compare |
| Lakewood | 3,154 | $49,255 | $260,900 | Compare |
| Kingstree | 3,161 | $28,776 | $127,300 | Compare |
| East Gaffney | 3,169 | $26,314 | $78,900 | Compare |
| Saluda | 3,095 | $40,567 | $81,500 | Compare |
| Burnettown | 3,090 | $38,371 | $189,200 | Compare |
| Inman | 3,085 | $55,156 | $178,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cherryvale With Other Cities
Frequently Asked Questions about Cherryvale
What is the population of Cherryvale, SC?
The population of Cherryvale, SC is 3,136 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in South Carolina.
What is the median household income in Cherryvale?
The median household income in Cherryvale, SC is $41,563 per year, which is 45% below the national median of $75,149.
What is the median home value in Cherryvale?
The median home value in Cherryvale, SC is $91,000, which is 63% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Cherryvale?
The median monthly rent in Cherryvale, SC is $950, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Cherryvale?
The unemployment rate in Cherryvale, SC is 23.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cherryvale, SC a good place to live?
Cherryvale offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,136 and a median age of 24.9, the city appeals to young professionals and families.
How educated is Cherryvale, SC?
11.8% of residents in Cherryvale 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 Cherryvale?
Key cost-of-living indicators for Cherryvale, SC: median home value is $91,000 (63% below national), median rent is $950/month, and median household income is $41,563. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cherryvale?
The poverty rate in Cherryvale, SC is 19.2%, 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 Cherryvale, SC?
Cherryvale's population is 0.5% White, 1.0% Hispanic or Latino, 0.4% Black or African American, 2.1% Asian, and 54.5% two or more races. 2.2% of residents are foreign-born.