Cherry Hill, VA
Population 23,443 · Virginia
About Cherry Hill, VA
Cherry Hill is a mid-sized city located in Virginia with a population of 23,443 residents according to the latest US Census Bureau American Community Survey data. The median household income is $119,474 per year, which is 59% above the national median of $75,149. The median age of 32.9 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 Cherry Hill features a median home value of $470,400, which is 92% above the national median of $244,900. This places Cherry Hill in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,853, 59% above the national average of $1,163/month. Of the 7,885 total housing units, 60% are owner-occupied (4,540 units) and 40% are renter-occupied (2,984 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cherry Hill shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cherry Hill have an average one-way commute time of 42.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
42.2% of Cherry Hill 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 1.6% White, 2.9% Hispanic or Latino, 2.3% Black or African American, and 10.4% Asian residents, with 25.5% of the population being foreign-born.
Cost of Living in Cherry Hill, VA
Compared to national averages, Cherry Hill has a median household income of $119,474 (59% above the national median of $75,149). Home values average $470,400, which is 92% above the national median. Monthly rent at $1,853 is 59% above the US average of $1,163. Within Virginia, Cherry Hill's income is 36% above the state average of $87,957, and home values are 44% above the state median of $327,514.
Why Live in Cherry Hill, VA?
Cherry Hill offers a strong local economy with a median household income of $119,474, well above the national average, and a well-educated community where 42.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $470,400. However, Cherry Hill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cherry Hill has a population of 23,443 with a median age of 32.9 years. Compare Cherry Hill with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Cherry Hill
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chester | 23,519 | $88,455 | $290,600 | Compare |
| Chantilly | 23,744 | $143,786 | $633,900 | Compare |
| Hopewell | 22,944 | $48,681 | $165,100 | Compare |
| West Springfield | 22,905 | $157,800 | $612,200 | Compare |
| Brambleton | 23,999 | $250,001 | $833,000 | Compare |
| Leesylvania | 22,848 | $137,460 | $508,800 | Compare |
| Christiansburg | 22,820 | $75,451 | $242,900 | Compare |
| Waynesboro | 22,574 | $56,364 | $236,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cherry Hill With Other Cities
Frequently Asked Questions about Cherry Hill
What is the population of Cherry Hill, VA?
The population of Cherry Hill, VA is 23,443 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Virginia.
What is the median household income in Cherry Hill?
The median household income in Cherry Hill, VA is $119,474 per year, which is 59% above the national median of $75,149.
What is the median home value in Cherry Hill?
The median home value in Cherry Hill, VA is $470,400, which is 92% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cherry Hill?
The median monthly rent in Cherry Hill, VA is $1,853, which is 59% above the national average of $1,163/month.
What is the unemployment rate in Cherry Hill?
The unemployment rate in Cherry Hill, VA is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cherry Hill, VA a good place to live?
Cherry Hill offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 23,443 and a median age of 32.9, the city appeals to young professionals and families.
How educated is Cherry Hill, VA?
42.2% of residents in Cherry Hill 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 Hill?
Key cost-of-living indicators for Cherry Hill, VA: median home value is $470,400 (92% above national), median rent is $1,853/month, and median household income is $119,474. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Cherry Hill?
The poverty rate in Cherry Hill, VA is 8.2%, 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 Hill, VA?
Cherry Hill's population is 1.6% White, 2.9% Hispanic or Latino, 2.3% Black or African American, 10.4% Asian, and 50.8% two or more races. 25.5% of residents are foreign-born.