Is Cherokee, AL a good place to invest in rental property?

Cherokee, AL has a median modeled monthly cash flow of $-442 and a median cap rate of 3.5%, on a median sold price of $157,450. Prices changed +36.2% year over year.

What is the average cap rate in Cherokee, AL?

The median cap rate across recently sold homes in Cherokee, AL is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cherokee, AL?

The median sold price in Cherokee, AL is $157,450 (about $104 per square foot).

Investing in Cherokee, AL Real Estate

A data-driven snapshot of the Cherokee, AL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$157,450Median sold price

$104Median $/sqft

3.5%Median cap rate

$-442Modeled cash flow / mo

+36.2%Appreciation YoY

15.0Months of supply

45Active listings

36Sold (last 12 mo)

What the Cherokee numbers say

In Cherokee, AL, the median home sold for $157,450 (about $104 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-442 of monthly cash flow. Sold prices moved +36.2% over the past year. Inventory sits at about 15.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Alabama markets to compare

See Cherokee cash-flowing listings

CashFlowRE ranks every for-sale home in Cherokee, AL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cherokee deals, or browse the national market data.