Lake Cherokee, TX housing market
The median sale price was $240,000 in May 2026.
Home values, sales, trends and how Lake Cherokee compares with the towns next door — updated as new data is published.
Lake Cherokee at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
3.8 years of income
The typical Lake Cherokee home costs about 3.8 years of the town's median household income, about the same as across Texas (3.8).
How Lake Cherokee ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,130
HUD's Fair Market Rent for a two-bedroom in Lake Cherokee is $1,130 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lake Cherokee pay a median of $930, so moving in tends to cost more than staying put. A two-bedroom takes about 15% of the town's median household income.
Studio $890 · 4 bedrooms $1,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (75603, 75652, 75691; Rusk County, TX HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.