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Cherokee County, SC

RANK #972 / 996  ·  POP 56,200  ·  SC

PROJECTED GROWTH: -4.0%

Cherokee County is shedding jobs at a pace that outstrips most U.S. counties.

[01] Why Cherokee County?

Cherokee County, South Carolina, is perhaps best known for the Peachoid, a distinctive 135-foot-tall water tower shaped like a peach, prominently visible from Interstate 85 in Gaffney. This landmark highlights the county's agricultural heritage and its position in the "Old Iron District" due to its pre-Civil War iron mining. Located in the Piedmont region, the county sits between Charlotte, NC, and Greenville/Spartanburg, SC, with both major cities approximately 45 minutes away via I-85. The community offers access to outdoor recreation, including hiking and kayaking on the Broad River and trails at Lake Whelchel, which is part of the Overmountain Victory National Historic Trail.

Life in Cherokee County offers an affordable cost of living, with many residents owning their homes. The Cherokee County School District serves over 7,700 students across 15 schools. Commute options include Interstate 85, US 29, and several state highways, with vanpool programs available through local companies. The economy is experiencing growth, with recent investments in manufacturing and solar technology. These developments contribute to job creation and a changing economic landscape for families and workers in the area.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
+5.5%

Well above national median

Home Prices
-5.6%

Prices declining

Climate & Terrain
-0.3

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Cherokee County U.S. National

The Numbers

DEMOGRAPHICS
Population
56,200
-0.01% YoY
Median Household Income
$47,011
Median Home Value
$124,500
-5.62% 12mo
Median Rent
$828
Average Annual Pay
$48,261
+7.5% YoY
Employment
18,064
-4.7% YoY
Income-to-Home-Value
0.3776
More affordable than average
Migration Inflow
1.93%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$216,000
Days on Market
71
Slower market
Months of Supply
5.6
Buyer's market
Sale-to-List Ratio
94.2%
Negotiation room for buyers
Sold Above List
17.2%
Listings w/ Price Drops
24.5%
Building Permits (2024)
239
Single-Family Permits
203

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,430M
TOTAL
PROJECT AMOUNT STATUS
Cielo Digital Infrastructure Data Center Campus
Cielo Digital Infrastructure, LLC
$2,100M Planned
First Solar Manufacturing Facility
First Solar, Inc.
$330M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +5.5% 87 percentile
Population Growth -0.0% 30 percentile
Income Growth +13.8% 98 percentile
Vacancy Rate 1.2% 39 percentile
Home Price Change -5.6% 2 percentile
Rent Growth +9.3% 97 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Cherokee County, SC a good place to move to?

Cherokee County has a Boom Town Index score of 2/100, ranking #972 among 996 U.S. counties. With job growth at -4.7% and a median household income of $47,011, it faces some economic headwinds compared to faster-growing counties.

Is Cherokee County affordable?

The median home value in Cherokee County is $124,500 with median rent at $828/month. The income-to-home-value ratio is 0.3776, which is more affordable than the national average.

Is Cherokee County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: -4.7%. Home values changed -5.6% in the past 12 months.

[08] Similar Metros

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