Lake Cherokee, TX
Population 3,358 · Texas
About Lake Cherokee, TX
Lake Cherokee is a small town located in Texas with a population of 3,358 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,571 per year, which is 22% above the national median of $75,149. The median age of 56.1 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 Lake Cherokee features a median home value of $394,900, which is 61% above the national median of $244,900. This places Lake Cherokee in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $919, 21% below the national average of $1,163/month. Of the 1,838 total housing units, 83% are owner-occupied (1,255 units) and 17% are renter-occupied (249 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Cherokee shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Cherokee have an average one-way commute time of 24.7 minutes.
Education & Demographics
31.2% of Lake Cherokee residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 6.7% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in Lake Cherokee, TX
Compared to national averages, Lake Cherokee has a median household income of $91,571 (22% above the national median of $75,149). Home values average $394,900, which is 61% above the national median. Monthly rent at $919 is 21% below the US average of $1,163. Within Texas, Lake Cherokee's income is 26% above the state average of $72,726, and home values are 86% above the state median of $211,769.
Why Live in Lake Cherokee, TX?
Lake Cherokee offers a strong local economy with a median household income of $91,571, well above the national average, and rent that’s lower than the national average at $919/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features a low poverty rate of 10.8%, better than the national average, and short commute times averaging just 24.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $394,900. However, Lake Cherokee’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Cherokee has a population of 3,358 with a median age of 56.1 years. Compare Lake Cherokee with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Lake Cherokee
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Winnsboro | 3,386 | $51,473 | $152,000 | Compare |
| Circle D-KC Estates | 3,321 | $89,037 | $365,200 | Compare |
| Chandler | 3,397 | $48,002 | $218,400 | Compare |
| West Lake Hills | 3,315 | $211,471 | $1,647,400 | Compare |
| Dilley | 3,312 | $47,210 | $109,900 | Compare |
| Dublin | 3,404 | $51,035 | $128,900 | Compare |
| Llano | 3,411 | $47,183 | $207,200 | Compare |
| Crane | 3,304 | $69,083 | $128,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Cherokee With Other Cities
Frequently Asked Questions about Lake Cherokee
What is the population of Lake Cherokee, TX?
The population of Lake Cherokee, TX is 3,358 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Lake Cherokee?
The median household income in Lake Cherokee, TX is $91,571 per year, which is 22% above the national median of $75,149.
What is the median home value in Lake Cherokee?
The median home value in Lake Cherokee, TX is $394,900, which is 61% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Cherokee?
The median monthly rent in Lake Cherokee, TX is $919, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Lake Cherokee?
The unemployment rate in Lake Cherokee, TX is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Cherokee, TX a good place to live?
Lake Cherokee offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,358 and a median age of 56.1, the city appeals to established professionals and retirees.
How educated is Lake Cherokee, TX?
31.2% of residents in Lake Cherokee 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 Lake Cherokee?
Key cost-of-living indicators for Lake Cherokee, TX: median home value is $394,900 (61% above national), median rent is $919/month, and median household income is $91,571. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Lake Cherokee?
The poverty rate in Lake Cherokee, TX is 10.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Cherokee, TX?
Lake Cherokee's population is 0.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 6.7% Asian, and 2.5% two or more races. 2.9% of residents are foreign-born.