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City · 5,046 residents · Fulton County, Arkansas

Cherokee Village , Arkansas

In Cherokee Village, a typical home is worth $94,600 and typical rent is $951 a month. Compared with all of Fulton County, typical rent is 52% higher and the typical home value is 17% lower.

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  • Typical home value

    $94,600

    17% below the county

    50% below Arkansas

    • Cherokee Village
    • Fulton
    • Arkansas

  • Typical rent

    $951a month

    52% above the county

    About the same as Arkansas

    • Cherokee Village
    • Fulton
    • Arkansas

  • Typical household income

    $37,326a year

    12% below the county

    39% below Arkansas

    • Cherokee Village
    • Fulton
    • Arkansas

  • Households that own their home

    84%

    About the same as the county

    18 points above Arkansas

    • Cherokee Village
    • Fulton
    • Arkansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$148,031
1.5% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cherokee Village is in Fulton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Fulton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cherokee Village apart

What this place has that others do not, from public data, most unusual first.

  1. The typical rent in Cherokee Village is $951 a month, 52% more than in Fulton County as a whole ($626).

  2. Nearby, in Newport, the typical rent is $597: 37% less than in Cherokee Village ($951).

  3. Cherokee Village has the 4th highest homeownership rate of the 71 cities in Arkansas with more than 5,000 people (84%).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Cherokee Village fell 1.5%; in Arkansas, it rose 3.4%.

  5. The typical home in Cherokee Village is worth $94,600, 17% less than in Fulton County as a whole ($113,800).

  6. Cherokee Village has the 6th lowest typical household income of the 71 cities in Arkansas with more than 5,000 people ($37,326).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Cherokee Village

What homes there are in Cherokee Village, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Cherokee Village, 9 in 10 homes are single-family detached houses; in Fulton County, 7.

Year built

In Cherokee Village, half of the homes were built before 1975; in Fulton County, before 1986.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 96% of owner-occupied homes in Cherokee Village are worth less than $500,000, below the FHA loan limit for Fulton County ($541,287).

Monthly rent with utilities

With a mortgage

$1,186 a month

Fulton County: $1,083 a month

Without a mortgage

$358 a month

Fulton County: $360 a month

Owners with a mortgage

40%

Fulton County: 42%

Owning costs more in Cherokee Village: with a mortgage, the typical cost is $1,186 a month; in Fulton County, $1,083. Without one, $358.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Cherokee Village gained value more slowly than in Fulton County: 28% since 2015–2019, against 32%.

Since 2015–2019, the typical rent in Cherokee Village did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCherokee VillageFulton CountyArkansasUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.7%3.4%
People per household 2.272.552.462.53
Drive alone 70%77%79%69%
Carpool Unreliable estimate9%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate8%9%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutesUnreliable estimate10 to 19 minutes20 to 29 minutes

Fewer people live in each home here: 2.27 on average, against 2.55 in Fulton County.

To get to work, 70% of workers in Cherokee Village drive alone; in Fulton County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cherokee Village?

A typical home is within reach of the typical income

We start with a typical home in Cherokee Village, worth $94,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Cherokee Village, which is $37,326 a year.

The calculator's FHA and conventional loan limits are those of all of Fulton County.

Your numbers

Local data
$

Starts at the typical home value in Cherokee Village. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,311 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$770

at 7.18% · 30 years

Loan amount
$92,887
Total interest
$133,642
Paid off in
November 2056

Includes $1,598 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $871 a month

    Your payment · 25%

  • Tight

    $871 to $1,120 a month

  • Hard

    more than $1,120 a month

Compared with the typical household income in Cherokee Village ($37,326 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$770
Principal & interest$629
Property tax$60
Home insurance$39
FHA mortgage insurance (MIP)$42

You need at least $3,311 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cherokee Village and Fulton County

Cherokee Village is in Fulton County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cherokee Village's own numbers

Typical home value
$94,600
Typical monthly rent
$951
Typical yearly household income
$37,326
Households that own their home
84%
Effective property tax rate
0.76%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Fulton County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$909
Price change over 5 years (FHFA)
+75%
Homes in a high flood-risk zone
0%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Fulton County.

Everything about Fulton County

Buying

Buying a home in Cherokee Village

A typical home in Cherokee Village is worth $94,600: 17% below the county and 50% below Arkansas. With the typical household income in Cherokee Village ($37,326 a year), a typical home costs 2.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cherokee Village 2.5 years
  • Fulton 2.7 years
  • Arkansas 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Fulton County

According to FHFA’s house price index, home prices in Fulton County rose 80% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Fulton County.

Period County Arkansas U.S.
Last year (2025) +27.3% +3.4% +2.9%
5 years (2020–2025) +75% +52% +47%
10 years (2015–2025) +80% +79% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cherokee Village next to Fulton County, Arkansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cherokee Village $94,600
  • Fulton $113,800
  • Arkansas $188,000
  • United States $332,700
Typical monthly rent
  • Cherokee Village $951
  • Fulton $626
  • Arkansas $947
  • United States $1,413
Typical yearly household income
  • Cherokee Village $37,326
  • Fulton $42,241
  • Arkansas $60,773
  • United States $80,734
See the full table
Cherokee Village next to Fulton County and Arkansas
Measure Cherokee Village Fulton County Arkansas U.S.
Typical home value $94,600 $113,800 $188,000 $332,700
Typical monthly rent $951 $626 $947 $1,413
Typical yearly household income $37,326 $42,241 $60,773 $80,734
Households that own their home 84% 85% 66% 65%
Typical yearly property tax $718 $533 $1,040 $3,119
Effective property tax rate 0.76% 0.47% 0.55% 0.94%
Renters with high rent for their income 50% 52% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Fulton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cherokee Village

For a typical $94,600 home in Cherokee Village, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cherokee Village's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $770a month

    Least cash to close
    Down payment
    $3,311
    Cash to close
    $6,149
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $42

  • Conventional, 5% down $753a month

    Down payment
    $4,730
    Cash to close
    $7,568
    Rate
    7.18%
    Mortgage insurance
    PMI · $45

  • Conventional, 20% down, no PMI $612a month

    Down payment
    $18,920
    Cash to close
    $21,758
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $699a month

    Down payment
    $14,190
    Cash to close
    $17,028
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cherokee Village and for Fulton County.

Property tax

Effective rate in Cherokee Village

0.76%of the home’s value each year

$718 a year for the typical owner in Cherokee Village.

  • Cherokee Village 0.76%
  • Fulton 0.47%
  • Arkansas 0.55%

What Arkansas publishes Homestead property tax credit (Arkansas General Assembly (Act 174 of the 2026 Fiscal Session))

Exemptions and deadlines in Arkansas

Flood risk in Fulton County

FEMA does not publish these numbers by city: they are for all of Fulton County.

Homes in the high-risk zone
0%
1
Of those, with NFIP insurance
—
County Arkansas U.S.
Homes in the high-risk zone 0% 3.4% 3.5%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cherokee Village

Typical rent in Cherokee Village is $951 a month: 52% above the county. In Cherokee Village, 50% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Fulton County, by unit size. To pay the 2-bedroom one ($909 a month) without spending more than 30% of your income, you would need to earn $17.48 an hour working full time.

HUD fair market rent for all of Fulton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $646 $12.42 $25,840
1 bedroom $835 $16.06 $33,400
2 bedrooms $909 $17.48 $36,360
3 bedrooms $1,195 $22.98 $47,800
4 bedrooms $1,274 $24.50 $50,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cherokee Village

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cherokee Village is in ZIP code 72529.

For 2 bedrooms it is $1,100: $191 more than the fair market rent for Fulton County ($909).

  • 72529 $1,100$1,500

A ZIP code counts for Cherokee Village when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Cherokee Village

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Fulton County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Cherokee Village

No down payment, repair or rent-help program on our list is for Cherokee Village or Fulton County. The ones below are statewide in Arkansas: they work in Cherokee Village the same as in the rest of the state.

Which programs do I qualify for? All programs in Arkansas

  • ADFA Down Payment Assistance Loan Program

    Statewide in Arkansas

    Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart). Offered by Arkansas Development Finance Authority (ADFA).

    Repayable

    See the program Official page

Housing counselors near Cherokee Village

The HUD-approved agencies closest to the center of Cherokee Village, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southern Bancorp Community Partners

    326 Highway 463 N, Trumann · 72 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (870) 816-1126

  • Northwest Regional Housing Authority

    317 W Industrial Park Rd, Harrison · 88 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 7 more
    (870) 743-6779

  • Mississippi County, Arkansas Economic Opportunity Commission, Inc.

    1400 North Division Street, Blytheville · 95 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    870-776-1054-1032

All counseling agencies in Arkansas

Help in Spanish near Cherokee Village

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cherokee Village

In HUD’s record, no housing authority with an office in Fulton County is named for Cherokee Village or Fulton County.

2 other authorities have an office in Fulton County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Cherokee Village, with the typical home value.

Everything about Fulton County Housing in Arkansas

Neighboring counties

If Fulton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cherokee Village.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Cherokee Village

Short answers with the numbers for Cherokee Village and all of Fulton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cherokee Village?

The typical home value in Cherokee Village is $94,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fulton County it is $113,800.

How much does it cost to rent in Cherokee Village?

Typical rent in Cherokee Village is $951 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fulton County is $909.

What is the FHA loan limit in Cherokee Village?

Cherokee Village uses the FHA limit for all of Fulton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cherokee Village?

The typical homeowner in Cherokee Village pays $718 a year, according to the U.S. Census Bureau. That is 0.76% of the home’s value; in Fulton County, the rate is 0.47%.

Where can I find free help to buy or rent in Cherokee Village?

We found no HUD-approved counseling agencies with an office in Fulton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).