Cherry Valley, MI

This township of 480 residents needs 79 more housing units over the next five years.

Housing snapshot

Population
480 (2026)
Households
233
Median household income
$53,229 (2026)
Typical home value
$205,049
Owner-occupied
41%
Five-year housing need
79 units

Comparison to other Michigan municipalities

Cherry Valley: $53,229 Median income (2026 estimate)
<$26K >$142K
Cherry Valley: None jobs to household ratio
<0.02 >1.82
Cherry Valley: No permit data
<0% >6.7%
On this page

How affordable is this community?

In Cherry Valley, MI, the typical home price of $205,049 is below the Michigan average of $232,321. Cherry Valley, MI's median household income of $53,229 puts the typical home within reach for most households.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 233 households, Cherry Valley, MI is growing modestly at 1.2% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Cherry Valley, MI, detached single-family accounts for 64% of the housing stock. In Cherry Valley, MI, renters make up the majority, with only 41% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?