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Foreclosure Homes in Cherokee, AL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cherokee, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cherokee, AL and much more. Save thousands at closing with home foreclosure listings in Cherokee, AL — up to 75% off market value!


Top Reasons To Live In Cherokee, AL In 2021

Cherokee is located in Colbert, Alabama, with an estimated municipal population of 1,008 residents. All of the best foreclosed homes for sale in Cherokee are located in the following zip code areas on Foreclosure.com: 35616. The estimated population per square kilometer (.62 miles) in Cherokee is 175.


Cost Of Living In Cherokee, AL

So, about how much do homes cost in Cherokee? The most recent median value of resident-owned homes in Cherokee is 69,222. An estimated 72.8 percent of households in Cherokee own their homes, with an average family size of 2.86. The median household income in Cherokee is 29,674, with6.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cherokee, the median commute time of resident workers (in minutes) is 22.8. And last, but certainly not least, are you looking for homes to rent in Cherokee? If so, the average rent price paid by renters in Cherokee is 675, according to recent statistics.


Diversity And Demographics In Cherokee, Alabama

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cherokee, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Cherokee is 46.1, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Cherokee is 48.6, with an average family size of 2.86.

The percentage of residents who report their race in Cherokee is as follows:

White 77.9%
Black / African American 19.8%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 0%

Looking for family-friendly neighborhoods in and/or near Cherokee? Or maybe you are searching for 55+ active adult communities in and/or near Cherokee?

The percentage of residents who report their age in Cherokee is as follows:

Under 10 9.7%
Aged 10-19 10.9%
20s 10.7%
30s 7.9%
40s 16.7%
50s 13.8%
60s 18.9%
70s 8.6%
80+ 2.9%

Best Schools In Cherokee, Alabama

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cherokee with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cherokee.


Pros And Cons Of Living In Cherokee, Alabama

How do you know that living in -- or moving to -- Cherokee is right where you need to be? Perhaps you grew up in Cherokee or already live nearby; therefore, the decision to buy a home in Cherokee is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cherokee for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cherokee:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cherokee.


Reasons To Move To Cherokee, Alabama, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cherokee can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cherokee, meanwhile, can field multiple offers from more qualified buyers.

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